Try different scenarios with these planning tools, then use the checklists and glossary to prepare. Results are estimates for information purposes only.
Example values are shown. Replace them with your own.
Estimate monthly principal and interest.
Assumes semi-annual compounding, common for Canadian fixed-rate mortgages, and a rate that stays the same. Excludes taxes, insurance and mortgage insurance. Confirm actual terms with your lender.
Estimate the droits de mutation (welcome tax) for a purchase in Montréal, Laval, Québec City or Gatineau. For any other municipality, confirm the rates with the municipality or your notary.
View the municipality’s official page →
Estimate based on the thresholds each municipality publishes. Exemptions and special rules may apply. Confirm the amount with the municipality or your notary.
Estimate net operating income and the value of an income property from a target cap rate.
Value is net operating income divided by the target cap rate. Operating expenses should exclude mortgage payments and income taxes. Simplified estimate based on the figures you enter; it does not verify income, expenses, financing, condition or market value.
Estimate monthly and annual occupancy costs, including yearly base rent increases.
Before applicable taxes, utilities, incentives and other lease-specific charges. The annual increase applies to base rent only and compounds each year; additional rent is held constant. Actual increases follow your lease, and some leases use fixed steps instead of a percentage.
Typical items to collect. Your situation may call for others.
The total number of years over which a mortgage is repaid.
A lender’s preliminary assessment of the amount you may be able to borrow. It is not a final commitment.
A property’s income after vacancy and operating expenses, before mortgage payments and income tax.
Net operating income divided by the property’s price, shown as a percentage.
Costs a commercial tenant pays on top of base rent, such as property taxes, insurance and common-area maintenance, as set out in the lease.
The transfer duty, often called the welcome tax, paid to the municipality when a property changes hands.
Verify the licence of a real estate broker or agency.
Visit the website ↗How the droits de mutation are calculated in Montréal (page in French).
Visit the website ↗Buying, selling, leasing or investing: I am here to give you clear answers and steady support.