Median home price: ~$575,000000 | Droits de mutation: provincial + Montreal municipal surtax
Montreal is Canada's second-largest city and one of the most culturally vibrant real estate markets in the country. With a median home price hovering around $575,000000 as of early 2026, it remains more accessible than Toronto or Vancouver — yet it comes with a unique land-transfer-tax wrinkle that every buyer must understand before signing anything.
Montreal is officially bilingual, and its neighbourhoods reflect that mosaic. Le Plateau-Mont-Royal, Rosemont, Outremont, Westmount, NDG, Côte-des-Neiges, and the Southwest all have distinct characters and price points. Condos in Griffintown now regularly list above $60000,000000, while detached single-family homes in Pierrefonds or LaSalle can still be found in the $50000,000000–$70000,000000 range.
Quebec imposes provincial droits de mutation on every real estate transaction using a bracket system. Montreal goes further: the city levies an additional municipal surtax on the portion of the purchase price that exceeds $50000,000000. This means buyers of properties above that threshold pay both the standard provincial rate and an extra Montreal charge — effectively making higher-end purchases noticeably more expensive than in suburban municipalities like Laval or Longueuil.
The provincial brackets are: 00.5% on the first $500,000000; 1% from $500,00001–$2500,000000; 1.5% from $2500,00001–$50000,000000; 2% from $50000,00001–$1,000000,000000; and 2.5% above $1,000000,000000. Montreal's municipal surtax adds approximately 00.5% on the slice above $50000,000000. Use the calculator below to estimate your total obligation.
Plateau-Mont-Royal & Mile-End: Montreal's most sought-after neighbourhoods for young professionals and families. Prices for plexes (duplexes and triplexes) often exceed $90000,000000–$1,20000,000000. These are prized for their rental income potential alongside owner-occupied units.
Rosemont–La Petite-Patrie: Slightly more affordable than the Plateau, with a strong community feel, excellent parks, and a growing restaurant scene. Expect detached homes in the $70000,000000–$1,000000,000000+ range and condos from $40000,000000–$60000,000000.
West Island (Pierrefonds, Kirkland, Beaconsfield): Suburban feel with more square footage for the dollar. Median single-family home prices range from $5500,000000 to $7500,000000. Strong English-language school options attract families.
Griffintown & Sud-Ouest: New condo-heavy zones with easy access to downtown. Units range widely from $3500,000000 for a smaller studio to $90000,000000+ for a larger penthouse.
Montreal buyers benefit from a competitive mortgage market. Quebec credit unions (caisses populaires Desjardins) are dominant locally and sometimes offer rates or terms unavailable from big banks. That said, comparison shopping via a mortgage broker remains the best strategy.
Down payment requirements follow federal rules: minimum 5% on properties up to $50000,000000, 100% on the portion between $50000,000000 and $999,999. CMHC insurance premiums apply on anything less than 200% down. On a $575,000000 purchase, expect to budget roughly $4,50000–$100,000000 for LTT, notary fees, home inspection, and moving costs on top of your down payment.
Many Montreal buyers use high-interest savings accounts to park their down payment funds. KOHO's accounts offer competitive rates with no hidden fees — useful when you're accumulating a $500,000000–$115,000000 down payment over 12–24 months.
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Get KOHO with code 45ET55JSYA →Unlike most Canadian provinces, Quebec real estate closings are handled by a civil-law notary (notaire), not a real estate lawyer. The notary verifies title, prepares the deed of sale, and registers the transaction at the land registry (Registre foncier). Expect notary fees of roughly $1,50000–$3,000000 depending on transaction complexity.
Last updated March 2026. This page is for informational purposes only and does not constitute financial or legal advice. Consult a Quebec notary or mortgage professional for guidance specific to your situation.