Balanced Market
Mortgage Rates in Montreal, QC
Montreal is Canada's second-largest city with a unique French culture, vibrant arts scene, and home prices well below Toronto and Vancouver.
Avg Home Price
$540,000
Benchmark Price
$515,000
Year-Over-Year
↑ 2.1%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Montreal
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Montreal Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Montreal is Canada's second-largest city with a unique French culture, vibrant arts scene, and home prices well below Toronto and Vancouver.
Land Transfer Tax — Montreal
Montreal buyers pay Quebec's Welcome Tax plus an additional municipal rate on higher-value properties.
Neighbourhoods in Montreal
Plateau-Mont-RoyalMile EndOutremontWestmountVerdun
Frequently Asked Questions
What is the average home price in Montreal?
The average home price in Montreal is approximately $540,000, significantly more affordable than Toronto or Vancouver for comparable properties.
Is Montreal real estate a good investment?
Montreal has shown consistent appreciation with lower prices than other major Canadian cities. The city's growing tech sector and strong rental market support investment.
What are the best neighbourhoods in Montreal?
Plateau-Mont-Royal and Mile End are trendy and popular. Outremont is upscale. Westmount is English Montreal's most prestigious area. Verdun offers better affordability.
Do I need to speak French to buy in Montreal?
All legal and mortgage documents must be available in French. Most brokers and agents serve clients in both English and French.
What is Montreal's rental market like?
Montreal has historically had low vacancy rates. Bill 31 and short-term rental regulations have affected the investment landscape but long-term rentals remain strong.
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