Condo welcome tax · L'Île-Perrot · 2016 vs 2026
The welcome tax calculated on the median condo in L'Île-Perrot for every year from 2016 to 2026, with the city's 2026 grid, the first-time buyer credit and the comparison with the median house. Centris prices, nothing estimated.
On the median condo in L'Île-Perrot, the welcome tax went from $1,645.50 (price $196,000 in 2016) to $4,178.00 (price $404,500 from January to September 2026), at a constant 2026 grid: +154% for a price up 106%. For an eligible first-time buyer, Quebec's credit covers the whole tax: $4,178.00 refunded, $0 net. On the median house ($561,500), the tax is $7,455.50, $1,841.62 net for a first-time buyer: the condo saves $1,842 of net tax. Cash needed in 2026 for the median condo, minimum down payment ($20,225) and net tax included: $20,225, versus $32,992 for the house. Source: Centris (Matrix) for prices, L'Île-Perrot's 2026 grid, compiled October 28, 2026.
The short answer
On the median condo in L'Île-Perrot, the welcome tax went from $1,645.50 (price $196,000 in 2016) to $4,178.00 (price $404,500 from January to September 2026), at a constant 2026 grid: +154% for a price up 106%. For an eligible first-time buyer, Quebec's credit covers the whole tax: $4,178.00 refunded, $0 net. On the median house ($561,500), the tax is $7,455.50, $1,841.62 net for a first-time buyer: the condo saves $1,842 of net tax. Cash needed in 2026 for the median condo, minimum down payment ($20,225) and net tax included: $20,225, versus $32,992 for the house.
Welcome tax on the median condo in L'Île-Perrot, 2016 to 2026
| Year | Median condo | Welcome tax (2026 grid) | Effective rate | First-time buyer credit | Net tax, first-time buyer |
|---|---|---|---|---|---|
| 2016 | $196,000 | $1,645.50 | 0.84% | $1,645.50 | $0.00 |
| 2017 | $205,000 | $1,735.50 | 0.85% | $1,735.50 | $0.00 |
| 2018 | $230,000 | $1,985.50 | 0.86% | $1,985.50 | $0.00 |
| 2019 | $230,900 | $1,994.50 | 0.86% | $1,994.50 | $0.00 |
| 2020 | $282,500 | $2,510.50 | 0.89% | $2,510.50 | $0.00 |
| 2021 | $326,750 | $3,011.75 | 0.92% | $3,011.75 | $0.00 |
| 2022 | $361,500 | $3,533.00 | 0.98% | $3,533.00 | $0.00 |
| 2023 | $376,000 | $3,750.50 | 1.00% | $3,750.50 | $0.00 |
| 2024 | $390,000 | $3,960.50 | 1.02% | $3,960.50 | $0.00 |
| 2025 | $387,500 | $3,923.00 | 1.01% | $3,923.00 | $0.00 |
| 2026 | $404,500 | $4,178.00 | 1.03% | $4,178.00 | $0.00 |
Median price of condos sold on Centris (Matrix) by year (2026: January to September 2026); tax calculated with L'Île-Perrot's 2026 grid; first-time buyer credit under Quebec's 2026 rules.
Condo or house in L'Île-Perrot: the tax and the cash needed
| 2026 in L'Île-Perrot | Median condo | Median house |
|---|---|---|
| Median price | $404,500 | $561,500 |
| Welcome tax | $4,178.00 | $7,455.50 |
| First-time buyer credit | $4,178.00 | $5,613.88 |
| Net tax, first-time buyer | $0.00 | $1,841.62 |
| Minimum down payment + net tax | $20,225 | $32,992 |
What the comparison says in L'Île-Perrot
- The effective rate (tax ÷ price) on the median condo went from 0.84% to 1.03% in L'Île-Perrot: the grid is progressive, so the tax rises faster than the price.
- The median condo ($404,500) stays below the threshold where L'Île-Perrot applies its municipal rate ($500,000): only the provincial grid (0.5%, 1%, 1.5%) applies.
- The 2026 tax on the median condo is 21% of the minimum down payment ($20,225). Lenders don't finance it: budget it before the offer.
- Across the 40 cities tracked, the credit covers the whole tax on the median condo in 32 cities, versus 5 for the median house. The median tax on the condo is $4,066 ($1,536 in 2016), $0 net for a first-time buyer; on the house, $8,960 and $3,086 net.
What it changes for buying a condo in L'Île-Perrot
In L'Île-Perrot, a first-time buyer of a median-priced condo pays no welcome tax net: they pay it to the city, then get it back from Quebec. That is $1,842 less cash than for the median house, and one reason the condo remains the entry door. Note: you have to apply, it is not automatic, and the credit can be used once. The exact grid and the calculation for other prices are in welcome tax in L'Île-Perrot; the median house in welcome tax on the median house in L'Île-Perrot; the income it takes in salary to buy the median condo in L'Île-Perrot.
How to read these numbers
The welcome tax (land transfer duties) is calculated by brackets on the tax base, the higher of the price paid and the adjusted assessed value; here, the median price of condos sold on Centris in L'Île-Perrot serves as the base. L'Île-Perrot's 2026 grid is applied to every year to isolate the effect of price. The credit is Quebec's refundable first-time buyer credit (100% of the first $5,000 of duties, 25% of the excess, up to $5,875, reduced above a $750,000 price, nil at $1,000,000).
Frequently asked questions
How much is the welcome tax on a condo in L'Île-Perrot in 2026?
$4,178.00 on the median condo ($404,500, January to September 2026), with L'Île-Perrot's 2026 grid. An eligible first-time buyer gets $4,178.00 back and pays $0.00 net.
Condo or house: what difference in welcome tax in L'Île-Perrot?
On the median house ($561,500), the tax is $7,455.50 and $1,841.62 net for a first-time buyer; on the condo, $4,178.00 and $0.00. The condo saves $3,278 of gross tax and $1,842 of net tax.
Does the first-time buyer credit cover the whole tax on a condo in L'Île-Perrot?
Yes: on the median condo, the credit covers the whole tax. Across the 40 cities tracked, it covers the whole tax on the median condo in 32 cities, versus 5 for the median house.
Sources: Centris (Matrix), Statistics module, September 16, 2026 query for the municipality of L'Île-Perrot, median sale price of condos and single-family houses by year; L'Île-Perrot's 2026 transfer duty grid (read at the source); Revenu Québec for the first-time buyer credit; compiled by the Loaa & Manseur team, aggregates only. The welcome tax on the median condo in 40 cities hub compares the 40 cities.
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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.