Mortgage Rates in Montreal, QC
Compare live mortgage rates from 50+ lenders serving Montreal. Free quotes from licensed QC mortgage brokers — no credit check required.
Current Best Rate
4.89%
5-Year Fixed
Avg Home Price
$540,000
Market
Balanced MarketGet Montreal Mortgage Quotes
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Current Montreal Mortgage Rates
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.10% |
| 1-Year Fixed | 5.65% |
| HELOC | 6.20% |
*Based on $540,000 home price, 20% down ($432,000 mortgage), 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026. Best rates available to qualified borrowers with 20%+ down payment.
The Montreal Mortgage Market
Montreal's mortgage market offers a compelling combination of major city lifestyle at prices dramatically below Toronto or Vancouver, making it increasingly attractive to buyers priced out of other major markets. Average home prices of $540,000 mean a Montreal buyer with 20% down qualifies with a household income of approximately $92,000 — accessible to a much broader range of buyers than other major Canadian cities.
Quebec's Welcome Tax (taxe de bienvenue) applies to Montreal purchases, typically costing 1.5% of the purchase price — approximately $8,100 on a $540,000 home — and Montreal charges additional rates on higher-value properties. Planning for this closing cost is important for budget-conscious buyers.
Montreal's growing tech sector (home to major AI research institutions, gaming companies like Ubisoft, and hundreds of startups) is driving demand from young professionals alongside the city's traditional arts and culture appeal. Popular Montreal neighbourhoods for mortgage-financed purchases include Plateau-Mont-Royal, Mile End, and Rosemont for young professionals, and Outremont, Westmount, and NDG for families.
Note that all Quebec mortgage documents must comply with the Charter of the French Language — working with a bilingual Montreal mortgage broker is highly recommended to ensure a smooth process from application to closing.