Quebec · QC
Mortgages in Notre-Dame-des-Prairies, Quebec
What applies to a mortgage in Notre-Dame-des-Prairies: the federal qualification rules, the Quebec land transfer tax and first-time buyer rebate, and calculators you can run with your own numbers.
A mortgage in Notre-Dame-des-Prairies, Quebec is governed by the same federal rules that apply across Canada. You must pass the mortgage stress test, meet the lender’s GDS and TDS ratio limits, and put down at least the tiered minimum down payment. Quebec then adds provincial land transfer tax and any first-time buyer rebate, which is often the largest one-time cost after the down payment itself.
Notre-Dame-des-Prairies at a glance
These figures are from the 2021 Census of Population, published by Statistics Canada. They describe the municipality itself, not the wider metropolitan area, which is why a city can rank differently from its metro region.
| Item | Detail | Source |
|---|---|---|
| Population (2021 Census) | 9,471 | Statistics Canada |
| Population change, 2016 to 2021 | +2.1% (from 9,273) | Statistics Canada |
| National population rank | #448 in Canada | Statistics Canada |
| Quebec population rank | #116 in QC | Statistics Canada |
| Private dwellings (2021) | 4,547 (4,446 occupied) | Statistics Canada |
| Land area | 18 km² | Statistics Canada |
| Population density | 523 people per km² | Statistics Canada |
| Province | Quebec (QC) | — |
| Land transfer tax | Municipal transfer duties (the welcome tax) are based on the highest of the price paid, the stated price or market value: 0.5% up to $62,900; 1% from $62,900 to $315,000; and 1.5% above $315,000 (2026 brackets). Municipalities may set a higher rate above $500,000 (up to 3%, except Montreal). | Quebec ↗ |
| First-time buyer rebate | Refundable tax credit for access to homeownership: up to $5,875 of welcome tax paid (100% of the first $5,000 plus 25% of the next $3,500) for first homes acquired after December 31, 2025; reduced above a $750,000 basis and nil at $1,000,000. | Quebec ↗ |
| Qualification rules | Federal (stress test, GDS/TDS, minimum down payment) | Stress test guide |
What to know about a mortgage in Notre-Dame-des-Prairies
Notre-Dame-des-Prairies is a smaller Canadian community. Local inventory can be thin, so it is worth starting your search early and getting pre-approved before you make an offer.
Because mortgage qualification is federal, the biggest lever you control is your own numbers: the size of your down payment, your existing debts, and the rate you are offered. Comparing more than one lender is the simplest way to improve the rate, and it costs you nothing but time. Start with a pre-approval so you know your budget before you shop, then check what the stress test does to the maximum price you can qualify for.
Estimate your Notre-Dame-des-Prairies numbers
Use the calculators below with your own figures. We do not print an average Notre-Dame-des-Prairies home price, because a single city-wide average hides enormous variation between neighbourhoods and property types — and because we will not publish a number we cannot attribute to an official source. Instead, enter the price you are actually considering.
Provincial context for Quebec
Mortgage brokers and agents in Quebec are licensed provincially, and provincial consumer protection law sets some conduct and disclosure requirements on top of the federal ones. For the full provincial picture, including the land transfer tax brackets and rebates, read mortgages in Quebec.
Frequently asked questions about mortgages in Notre-Dame-des-Prairies
What is the average mortgage payment in Notre-Dame-des-Prairies?
There is no single average, because a payment depends on the loan amount, the rate, the amortization, and the payment frequency. What we can say is that Notre-Dame-des-Prairies has a population of 9,471 (2021 Census). Run our mortgage payment calculator with your own price, down payment, and rate to see a realistic figure.
What land transfer tax applies in Notre-Dame-des-Prairies?
Municipal transfer duties (the welcome tax) are based on the highest of the price paid, the stated price or market value: 0.5% up to $62,900; 1% from $62,900 to $315,000; and 1.5% above $315,000 (2026 brackets). Municipalities may set a higher rate above $500,000 (up to 3%, except Montreal). In Notre-Dame-des-Prairies the Quebec rules apply. First-time buyer treatment: Refundable tax credit for access to homeownership: up to $5,875 of welcome tax paid (100% of the first $5,000 plus 25% of the next $3,500) for first homes acquired after December 31, 2025; reduced above a $750,000 basis and nil at $1,000,000.. The welcome tax is levied by municipalities. Confirm the current brackets with the Quebec government before you close.
How much do I need for a down payment in Notre-Dame-des-Prairies?
The minimum down payment is federal and tiered: 5% on the first $500,000 of purchase price, 10% on the portion from $500,000 to $1,500,000, and 20% at or above $1,500,000. A down payment under 20% means the mortgage must be insured, which adds a default insurance premium.
Do I qualify for a mortgage in Notre-Dame-des-Prairies?
Qualification is federal, not local. Lenders apply the stress test — you qualify at the higher of your rate plus two percentage points or the published floor — and check your GDS and TDS ratios, credit history, and income. Use our affordability calculator to estimate your maximum, then confirm with a lender.