The territory of Magog, with the figures
Within the Memphrémagog RCM, Magog accounts for 51.0% of the population. In raw numbers: 30,644 residents, 166.7 km², 184 per km².
The 3rd municipality in the Estrie region by population: a size that imposes no particular financing constraint. So the work sits entirely in assembly and comparison.
Everything runs remotely: the call, video, documents online, final signature at your notary’s. I have no premises in Magog and don’t need any to build your file. The guides describe the full sequence if you’d rather read first.
For scale: the Memphrémagog RCM groups 17 municipalities totalling 60,092 residents. Magog accounts for 51.0% of them.
Figures from the MAMH municipal directory (open data). No market data is used here. Retrieval date in the footer.
Other areas served nearby: Granby, Sherbrooke and Alma.
Transfer duty in Magog
In Magog, the transfer duty, the “welcome tax”, is calculated in brackets on the higher of the price paid and the standardized municipal assessment. With Quebec’s base schedule for 2026 (0.5% up to $62,900, 1% up to $315,000, 1.5% above), a $350,000 purchase comes to about $3,360 and a $500,000 purchase to about $5,610. Magog may have adopted higher brackets above $500,000: check its schedule before setting your reserve.
The bill arrives by mail weeks or months after closing. It does not go through the notary and cannot be financed in the mortgage: keep the amount in your reserve after the purchase. For your price, use the purchase costs tool.
How we move forward, step by step
Whether the property is in Magog or elsewhere, the order does not change: we talk, I build the file the way an analyst will read it, I present it to several lenders, you choose, and I follow the conditions through to the notary. A pre-approval is not an approval: the lender still reviews the property. The full process, with timing, is on the How it works page.
What has to come out of the drawer
What I ask for fits in three blocks: your proof of income, your asset statements over three months, and your list of debts. A debt discovered mid-analysis forces a reassessment; better to hand everything over up front, the credit bureau will show it anyway. The item-by-item detail is in the guide Prepare a purchase file.
Magog: your questions, my answers
How long does it take? A pre-approval can happen within days if your documents are ready. Final approval depends on the lender and the appraisal, and has to be confirmed file by file.
Does the size of the city affect the rate offered? Not at all. What moves the price is your borrower profile and the property itself. Head count appears nowhere in the pricing grid.
Do you have an office in Magog? No. I’m a Quebec mortgage broker working remotely, by phone and video. Documents move online and the final signature happens at your notary’s. The contact page lists the ways to reach me.
Do you guarantee approval? No, and no one can. I can tell you what your file looks like and where it stands the best chance, but the decision belongs to the lender.
A question that isn’t here? Send it over. If it comes up often enough, it ends up on this page.