On October 5, 2026, Quebecers elected a new minority government led by Paul St-Pierre Plamondon (PSPP) and the Parti Québécois. This political transition brings its share of questions: what does this change of guard concretely mean for the industry?

In the construction and real estate sector, the Parti Québécois electoral platform included two major commitments to support household finances:

• The QST rebate on the purchase of new properties as well as on self-construction, representing vital assistance of up to $45,000.
• Doubling the maximum eligible amount of the first-time homebuyer tax credit, which would increase from $1,400 to $3,000 (see our publication from April 15, 2026).

However, the reality of a minority government forces choices. During his first press conference yesterday, PSPP remained silent on these two-flagship housing promises. Instead, the Premier-designate chose to focus his immediate priorities on cutting gas taxes and eliminating the QST on used goods.

In light of this, the APCHQ welcomed the election of the new government while reiterating that it expects the PQ team to quickly integrate its economic and real estate promises into its upcoming budgetary updates.

The future of the "welcome tax" tax credit in question

Another uncertainty looms for buyers: what will happen to the continuity of the refundable tax credit for home ownership regarding the property transfer duty? Introduced by the previous CAQ government, this credit—worth up to $5,875—was not addressed by the new administration. Given the current budgetary context, the long-term maintenance of this measure remains doubtful.