Welcome tax · Magog · 2026 grid verified at the source
The exact 2026 grid of Magog, read on the city's site, with the tax on real prices, the credit and the payment terms.
In Magog, the 2026 welcome tax (transfer duties) follows the provincial brackets (0.5% up to $62,900, 1% up to $315,000, 1.5% up to $500,000) and then the city's own rate: 2.5% up to $1,000,000, 3% above. On a single-family house at $585,000 (Magog sector median, QPAREB Q2 2026), the tax is $6,885.50; an eligible first-time buyer gets $5,471.38 back through Quebec's refundable credit (up to $5,875, reduced above a $750,000 base) and pays $1,414.12 net. In Magog, a transfer duty above $1,000 is paid in three equal instalments spread over three months, without interest or penalty if the due dates are met; a smaller amount is paid in one instalment. The bill arrives after the deed is registered, never at the notary, and no lender includes it in the mortgage. The 2026 comparative factor is 1.08: when the assessment times 1.08 exceeds the price paid, that adjusted value becomes the base.
Magog applies the three provincial brackets up to $750,000 and then raises the rate by by-law: 2.5% up to $1,000,000, 3% above. Below $750,000, the tax is the same as anywhere else in Quebec; the difference appears above.
| Bracket of the tax base (2026) | Rate in Magog |
|---|---|
| $0 to $62,900 | 0.5% |
| $62,900 to $315,000 | 1% |
| $315,000 to $750,000 | 1.5% |
| $750,000 to $1,000,000 | 2.5% |
| Above $1,000,000 | 3% |
The thresholds are indexed every January 1 (the indexation is published in the Gazette officielle before July 1); the amounts above are the 2026 figures. Source: ville.magog.qc.ca, Taxation, taux 2026 (règlement 2641-2017 modifié; 1,5 % de 500 000 à 750 000 $ depuis le 1er janvier 2026; facteur 1,08).
The examples cover a condo, the $500,000 threshold, a single-family house at the median ($585,000, Magog sector median, QPAREB Q2 2026) and larger properties, so you can place your own price. Above a $750,000 tax base, the first-time buyer credit shrinks and disappears at $1,000,000.
| Price paid (or adjusted roll value) | Welcome tax | First-time buyer credit | Net cost, first-time buyer |
|---|---|---|---|
| $350,000 | $3,360.50 | $3,360.50 | $0 |
| $500,000 | $5,610.50 | $5,152.62 | $457.88 |
| $585,000 | $6,885.50 | $5,471.38 | $1,414.12 |
| $750,000 | $9,360.50 | $5,875 | $3,485.50 |
| $900,000 | $13,110.50 | $2,350 | $10,760.50 |
| $1,300,000 | $24,610.50 | $0 | $24,610.50 |
How to read it: on a single-family house at $585,000 (Magog sector median, QPAREB Q2 2026), the welcome tax is $6,885.50; an eligible first-time buyer gets $5,471.38 back and pays $1,414.12 net. At that price, Magog costs no more than a municipality on the basic provincial grid: the increase only starts at $750,000. Our French welcome tax calculator runs the same calculation for any price.
The tax base is the highest of three amounts: the price paid, the consideration stated in the deed, and the value on the assessment roll multiplied by the year's comparative factor. In a rising market the price paid almost always exceeds the adjusted roll value, so the price is the base; in a sale between relatives or on a property bought below assessment, the adjusted roll value takes over and the bill can surprise. For 2026, Magog's comparative factor is 1.08: a property assessed at $500,000 on the roll has a presumed market value of $540,000, and that figure becomes the base if the price paid is lower. The notary records the tax base in the deed of sale and the municipality bills from the registration in the Land Register.
In Magog, a transfer duty above $1,000 is paid in three equal instalments spread over three months, without interest or penalty if the due dates are met; a smaller amount is paid in one instalment. The city does not charge a special duty on exempt transfers. The comparative factor is 1.08 in 2026 (2025-2027 roll). The bill is never handed over at the notary's office: it arrives by mail, or in the online tax account, generally a few weeks to two months after signing. Budget for it before the offer to purchase, alongside notary fees and the inspection, because no lender finances it inside the mortgage.
Since January 1, 2026, Quebec's refundable tax credit for home ownership reimburses first-time buyers 100% of the first $5,000 of transfer duties paid and 25% of the next $3,500, up to $5,875, on a first principal residence. The credit is reduced by 2.35% of the portion of the tax base above $750,000 and reaches zero at $1,000,000 (Finances Québec, Information Bulletin 2026-2). A first-time buyer is someone who did not live in a home owned by themselves or their spouse in the year of purchase or the four previous years. The buyer first pays Magog's bill, then claims the credit on their income tax return, or as an advance payment from October 2026 when the amount exceeds $1,000. On a single-family house at the median ($585,000), the credit covers $5,471.38 of the $6,885.50, so a first-time buyer in Magog pays $1,414.12 net. The details, including couples where only one spouse has owned before, are in our guide to the welcome tax refund.
The exemptions come from provincial law and are the same in every city: a transfer in the direct ascending or descending line (parent to child, grandparent to grandchild, never between siblings), a transfer between spouses who are married, in a civil union or de facto after twelve months of living together (or parents of the same child), a tax base under $5,000, and a transfer to a corporation in which the seller holds at least 90% of the shares. The notary cites the exemption section in the deed. Magog then collects a supplementary duty of at most $200, except when the transfer follows a death. Our French article on welcome tax exemptions goes into detail.
On a $600,000 house, Magog charges $7,110.50, the same as a municipality on the basic grid. Between $500,000 and $750,000, Magog is now the cheapest in the Eastern Townships: on a $700,000 house, $3,000 less than in Sherbrooke and Granby (3%). Above $750,000, its 2.5% stays below Sherbrooke's 3% up to $1,000,000.
| City (2026 grid) | On $500,000 | On $600,000 | On $750,000 | On $1,000,000 |
|---|---|---|---|---|
| Magog | $5,610.50 | $7,110.50 | $9,360.50 | $15,610.50 |
| Sherbrooke | $5,610.50 | $8,610.50 | $13,110.50 | $20,610.50 |
| Granby | $5,610.50 | $8,610.50 | $13,110.50 | $20,610.50 |
| Quebec City | $5,610.50 | $8,110.50 | $11,860.50 | $19,360.50 |
| Basic provincial grid (no municipal increase) | $5,610.50 | $7,110.50 | $9,360.50 | $13,110.50 |
The grid applies to the City of Magog only (Magog, Omerville and the township). Orford, Austin, Eastman and Sainte-Catherine-de-Hatley, around the lake and the mountain, each have their own by-law: for a resort property, check the exact municipality before calculating. By-law 2641-2017 sets the brackets above $500,000 and was amended for 2026.
Our other data series for Magog, drawn from Centris listings:
Each page is recalculated from the past year's actual sales, aggregates only.
The notary's other document: Certificate of location in Magog: cost, timing and when to redo it
Once the bill is paid: Welcome tax refund in Quebec: how to apply, where, when and with which documents
How much down payment to buy in Magog:
The legal minimum on the median house, the 20% that avoids the CMHC premium, the premium at the minimum, what a FHSA and an HBP cover, the condo, and ten years of perspective in Magog.
How many condos are for sale in Magog, ten years of perspective:
Condominium inventory at each month-end and new listings per year since 2016, absorption, months of inventory, and the comparison with single-family houses in Magog.
When to sell in Magog, ten years of sales month by month:
The month with the most home sales, the quietest month, spring versus winter, the best-paying month and when to list to sell at the right time in Magog.
Condos that do not sell in Magog, ten years of perspective:
Condo listings expired without a sale per year since 2016, the failure rate against sales, the same rate for houses, and what it tells a condo seller in Magog.
When to sell a condo in Magog, ten years of sales month by month:
The month with the most condo sales, the quietest month, spring versus winter, the best-paying month, houses alongside and when to list in Magog.
How much buyers negotiate a condo in Magog, ten years of perspective:
Sale price as a percentage of asking for condos, year by year since 2016, the ratio on the original price, houses alongside and the dollar gap on the median condo in Magog.
What the median house costs a month in Magog, ten years of perspective:
The monthly payment on the house in the middle every year since 2016 with the Centris price and the 5-year rate actually charged, the share of price and the share of rate, the renewal shock and the income it takes in Magog.
What the house really gained in Magog, once inflation is removed:
Each year's median price converted to 2026 dollars with the Quebec CPI, the real increase, the years of real decline, the peak in purchasing power and the condo alongside in Magog.
What the median condo costs a month in Magog, ten years of perspective:
The monthly payment on the condo in the middle every year since 2016 with the Centris price and the 5-year rate actually charged, the share of price and the share of rate, the renewal shock and the income it takes in Magog.
How much is a lot in Magog, ten years of perspective:
The median price of lots and land sold on Centris year by year since 2016, the number of sales, the 2021 peak and the weight of the lot in the price of a house in Magog.
Magog or the city next door: where to buy in 2026, matchup by matchup:
Each matchup puts Magog and a neighbouring city side by side over ten years of Centris sales: house and condo prices, gap, days on market, inventory, bidding, unsold listings and monthly payment.
How much is a semi-detached or row house in Magog, ten years of perspective:
The median price by house type year by year since 2016, the number of sales, the shared-wall discount and how it moved in Magog.
How many houses still sell under $500,000 in Magog, ten years of perspective:
Sales under $500,000 and under $400,000 year by year since 2016, their share, the tipping year and what is still available under the threshold in Magog.
How many houses sell for over $1 million in Magog, ten years of perspective:
Sales at $1,000,000 and up year by year since 2016, their share, the first year with ten sales and what is paid above the million in Magog.
How long to sell by price in Magog:
Median days on market by price bracket over the past twelve months, the fastest bracket, the slowest and what it changes for selling or buying in Magog.
How much the lot is worth in a house price in Magog, ten years of perspective:
The median price of houses on small lots and on large lots year by year since 2016, the large-lot premium and how it moved in Magog.
How many dollars of condos sell in Magog, ten years of perspective:
Condo sales volume year by year since 2016, the number of sales and the average price behind it, and the condo's share of the market in Magog.
The average condo price in Magog, and why it exceeds the median:
The average sale price of condos year by year since 2016, beside the median price and the asking price, and the gap between the two in Magog.
How long to sell a condo by price in Magog:
Median condo days on market by price bracket over the past twelve months, the fastest bracket, the slowest and what it changes for selling or buying a condo in Magog.
What sells at what price in Magog:
The 2026 sales crossed by price range and category: what sells under $300,000, who holds the million, where houses, condos and plexes compete in Magog.
Which sells fastest in Magog, house, condo or plex:
Days on market of houses, condos and plexes compared price range by price range over twelve months in Magog.
At what price houses sell in Magog, range by range:
The distribution of sales by price bracket in 2020, 2023 and 2026, the best-selling range, the share under $500,000 and above $750,000 in Magog.
At what price condos sell in Magog, range by range:
The distribution of condo sales by price bracket in 2020 and 2026, the best-selling range, the share under $300,000 and under $400,000 in Magog.
And the market in Magog this month:
The past twelve months, month by month, from the same Centris listings.
How much buyers negotiate on a house by price in Magog:
Sold-to-asking ratio by price bracket over the past twelve months, the bracket negotiated the most, the one where asking or more is paid, and what it changes for selling or buying in Magog.
How much buyers negotiate on a condo by price in Magog:
Sold-to-asking ratio by price bracket over the past twelve months, the bracket negotiated the most, the one where asking or more is paid, and what it changes for selling or buying in Magog.
Where the money goes by price in Magog:
Share of dollars against share of sales by price bracket over the past twelve months, the average ticket and the bracket that weighs the most in Magog.
How much sellers cut their price before selling in Magog:
Sold price against the first asking price and the last, by price bracket over the past twelve months, and the bracket where sellers adjust the most in Magog.
And on a condo in Magog?
The tax on the median condo year by year, what a first-time buyer pays net and the cash needed, house alongside.
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 221 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.
See also the welcome tax in 40 Quebec cities and the first-time buyer refund.
$6,885.50 with Magog's 2026 grid, if the price paid is the tax base. An eligible first-time buyer gets $5,471.38 back from Revenu Québec and pays $1,414.12 net.
A few weeks to two months after signing at the notary, once the deed is registered in the Land Register. In Magog, the bill can be paid in instalments: see the payment section above.
Under $750,000, no: the grid is the provincial one. Above, Magog applies 2.5% up to $1,000,000, 3% above, which places it below the cities that charge 3% from $500,000; the comparison table shows the gap on real prices.
Yes, the grid is the same for a house, a condo, a plex or a lot, and the price used as the base includes sales taxes on a new build. Since 2026 the GST is eliminated up to $1,000,000 on a new home for a first-time buyer, which lowers the price paid and therefore the welcome tax base.
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.