What a home costs in Quebec City, what you pay to close, and how much a physician program lets you buy.
Median price for Quebec City, July 2026, from the QPAREB, Quebec City census metropolitan area, July 2026. Single-family median for the metropolitan area; condo median near $324,750. Other cities show the MLS Home Price Index benchmark unless marked. Figures reviewed August 2026.
A physician program could add
$0
to the home you can buy.
Estimate at 4.49%, stress tested at 6.49%, with 10% down, below the $1.5M insured limit.
Quebec municipalities charge a transfer duty, the welcome tax (droit de mutation), on a tiered scale based on the higher of purchase price or municipal valuation. On a $420,000 Quebec City home it runs roughly $4,000-$5,000. Closings are handled by a notary rather than a lawyer, as throughout Quebec.
Sources: Ville de Quebec, droits sur mutation immobiliere. Rates reviewed August 2026.
Physician programs qualify residents on $185,000 in PGY-1 and PGY-2 and $225,000 from PGY-3, not on these salaries.
FMRQ, Entente FMRQ-MSSS 2021-2028, annexe I, in effect from April 2026.
What is the welcome tax in Quebec City?
The welcome tax (droit de mutation) is a transfer duty charged by Quebec municipalities on a tiered scale based on the higher of purchase price or municipal valuation. On a $420,000 Quebec City home it runs roughly $4,000 to $5,000.
Is Quebec City affordable for physicians?
Very. Quebec City is among the most attainable major markets in Canada, so detached ownership on attending income is realistic early in a career, even with the welcome tax.
Which lender suits Quebec City physicians?
A Quebec-based bank program has deep provincial presence and handles personal and corporate income cleanly, making it a natural fit for many Quebec City physicians. A broker compares it against the other physician programs and monolines.
