Condo welcome tax · Saguenay · 2016 vs 2026
The welcome tax calculated on the median condo in Saguenay 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 Saguenay, the welcome tax went from $1,205.50 (price $152,000 in 2016) to $2,555.50 (price $287,000 from January to September 2026), at a constant 2026 grid: +112% for a price up 89%. For an eligible first-time buyer, Quebec's credit covers the whole tax: $2,555.50 refunded, $0 net. On the median house ($366,000), the tax is $3,600.50, $0.00 net for a first-time buyer: the condo saves $0 of net tax. Cash needed in 2026 for the median condo, minimum down payment ($14,350) and net tax included: $14,350, versus $18,300 for the house. Source: Centris (Matrix) for prices, Saguenay's 2026 grid, compiled October 28, 2026.
The short answer
On the median condo in Saguenay, the welcome tax went from $1,205.50 (price $152,000 in 2016) to $2,555.50 (price $287,000 from January to September 2026), at a constant 2026 grid: +112% for a price up 89%. For an eligible first-time buyer, Quebec's credit covers the whole tax: $2,555.50 refunded, $0 net. On the median house ($366,000), the tax is $3,600.50, $0.00 net for a first-time buyer: the condo saves $0 of net tax. Cash needed in 2026 for the median condo, minimum down payment ($14,350) and net tax included: $14,350, versus $18,300 for the house.
Welcome tax on the median condo in Saguenay, 2016 to 2026
| Year | Median condo | Welcome tax (2026 grid) | Effective rate | First-time buyer credit | Net tax, first-time buyer |
|---|---|---|---|---|---|
| 2016 | $152,000 | $1,205.50 | 0.79% | $1,205.50 | $0.00 |
| 2017 | $152,500 | $1,210.50 | 0.79% | $1,210.50 | $0.00 |
| 2018 | $157,000 | $1,255.50 | 0.80% | $1,255.50 | $0.00 |
| 2019 | $146,000 | $1,145.50 | 0.78% | $1,145.50 | $0.00 |
| 2020 | $160,000 | $1,285.50 | 0.80% | $1,285.50 | $0.00 |
| 2021 | $165,500 | $1,340.50 | 0.81% | $1,340.50 | $0.00 |
| 2022 | $195,750 | $1,643.00 | 0.84% | $1,643.00 | $0.00 |
| 2023 | $220,000 | $1,885.50 | 0.86% | $1,885.50 | $0.00 |
| 2024 | $242,000 | $2,105.50 | 0.87% | $2,105.50 | $0.00 |
| 2025 | $266,600 | $2,351.50 | 0.88% | $2,351.50 | $0.00 |
| 2026 | $287,000 | $2,555.50 | 0.89% | $2,555.50 | $0.00 |
Median price of condos sold on Centris (Matrix) by year (2026: January to September 2026); tax calculated with Saguenay's 2026 grid; first-time buyer credit under Quebec's 2026 rules.
Condo or house in Saguenay: the tax and the cash needed
| 2026 in Saguenay | Median condo | Median house |
|---|---|---|
| Median price | $287,000 | $366,000 |
| Welcome tax | $2,555.50 | $3,600.50 |
| First-time buyer credit | $2,555.50 | $3,600.50 |
| Net tax, first-time buyer | $0.00 | $0.00 |
| Minimum down payment + net tax | $14,350 | $18,300 |
What the comparison says in Saguenay
- The effective rate (tax ÷ price) on the median condo went from 0.79% to 0.89% in Saguenay: the grid is progressive, so the tax rises faster than the price.
- The median condo ($287,000) stays below the threshold where Saguenay applies its municipal rate ($500,000): only the provincial grid (0.5%, 1%, 1.5%) applies.
- The 2026 tax on the median condo is 18% of the minimum down payment ($14,350). 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 Saguenay
In Saguenay, 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 $0 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 Saguenay; the median house in welcome tax on the median house in Saguenay; the income it takes in salary to buy the median condo in Saguenay.
How to read these numbers
One median condo price per year, Saguenay's 2026 grid (5 brackets, top rate 3%) and 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). The minimum down payment follows federal rules (5% up to $500,000, 10% above). The real amount depends on the price paid and the assessed value: a broker or the notary confirms it before signing.
Frequently asked questions
How much is the welcome tax on a condo in Saguenay in 2026?
$2,555.50 on the median condo ($287,000, January to September 2026), with Saguenay's 2026 grid. An eligible first-time buyer gets $2,555.50 back and pays $0.00 net.
Condo or house: what difference in welcome tax in Saguenay?
On the median house ($366,000), the tax is $3,600.50 and $0.00 net for a first-time buyer; on the condo, $2,555.50 and $0.00. The condo saves $1,045 of gross tax and $0 of net tax.
Does the first-time buyer credit cover the whole tax on a condo in Saguenay?
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 Saguenay, median sale price of condos and single-family houses by year; Saguenay'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.