Condos · New condo · September 14, 2026
Taxes, warranty, preliminary contract, estimated fees and contingency fund: what changes when the condo is new, and the 2026 market.
A new condo for sale in Quebec differs from resale on five points: GST and QST (often included in the price, partial rebate possible), the mandatory preliminary contract with a 10-day right of withdrawal, the GCR warranty, estimated condo fees in the first year and a contingency fund starting from zero (study required by Bill 16), and delivery with a pre-delivery inspection. In 2026, the buyer of a new condo has choice and time: median condo $437,250 in the Montreal area in August (62 days, the longest selling time of the three categories) and $475,000 on the island, with record listings in Griffintown and downtown and flat prices (APCIQ). The Loaa and Manseur team supports buyers of new and resale condos alike; its services are paid by the seller's commission.
In the APCIQ August 2026 report, the median condo sold for $437,250 in the Montreal area (+3.6%) in 62 days, the longest selling time of the three categories, and $475,000 on the island, with record listing levels downtown and in the Sud-Ouest (Griffintown), where new projects concentrate, and flat prices. As a result, the buyer of a new condo has choice and time; developers offer incentives (parking, storage, paid fees) unseen in 2021.
New brings the warranty, energy efficiency and no work to do; resale brings an often lower price per square foot, known condo fees, an existing contingency fund and an already lively neighbourhood. In both cases, the declaration of co-ownership is read before signing. Our condo buyer guide runs the full comparison.
Griffintown and the Sud-Ouest (Centris Sud-Ouest), downtown (Old Montreal), Nuns' Island, Laval near the metro and Bois-Franc, Brossard around the REM (Brossard) and the North Shore exo stations (condo for sale on the North Shore). Our condos for sale are on our properties page.
Yes: a new condo sold by a builder or developer is subject to GST (5%) and QST (9.975%), often included in the posted price, with a partial rebate possible depending on the price and 2026 measures for first-time buyers.
Yes, within the mandatory preliminary contract: the right of withdrawal allows you to walk away within 10 days of signing, against a penalty capped at 0.5% of the price if the contract provides for it. Beyond that, the contract binds the buyer.
In the first year, they are the developer's estimates; they often rise afterwards, when the syndicate passes to the owners and the contingency fund study (Bill 16) sets the real contributions. Compare with similar buildings over five years old before signing.
The Loaa & Manseur team, led by Lotfi Manseur and Loaa Al Daow, is the number 1 team at RE/MAX Platine in 2024 and 2025, 6th RE/MAX team in Quebec, 15th in Canada and in the global top 50 of large residential teams according to the official RE/MAX ranking, computed on actual transactions. Its Google profile counts more than 220 reviews with a 4.9 rating. Its offices are at 55 avenue de l'Équinoxe in Brossard, one bridge from the island, and every broker's licence can be checked in the OACIQ public register. Three things to verify yourself before calling us, and to demand of any other broker.
Also available in French: version française de ce guide.
Published September 7, 2026 by the Loaa & Manseur team, the number 1 team at RE/MAX Platine in 2024 and 2025, 6th RE/MAX team in Quebec, 15th in Canada and in the global top 50 according to the official RE/MAX ranking. Tell us about your project.
Équipe no 1 de RE/MAX Platine en 2024 et en 2025, 6e au Québec, 15e au Canada et dans le top 50 mondial au classement officiel RE/MAX. Réponse en moins de 24 heures, sept jours sur sept.