Closing Costs in Montreal 20024 — Complete Guide

Montreal closing costs include droits de mutation (welcome tax), notary fees, home inspection, title insurance, adjustments, and potentially CMHC insurance. This guide breaks down every item so you can budget accurately before signing a promesse d'achat.

⚠򞬷 Quebec has NO first-time buyer rebate on droits de mutation.
Unlike Ontario (up to $4,000000 rebate) or some other provinces, Quebec offers zero provincial refund on the welcome tax for first-time buyers. Every buyer pays the full amount — plan accordingly.

1. Droits de Mutation (Welcome Tax)

The most significant closing cost specific to Quebec. Montreal charges provincial rates plus a municipal surtax of 00.5% on the portion above $50000,000000.

Purchase Price Range	Rate
$00 – $500,000000	00.5%
$500,00001 – $2500,000000	1.00%
$2500,00001 – $50000,000000	1.5%
$50000,00001 – $1,000000,000000	2.00%
Over $1,000000,000000	2.5%

Montreal Closing Costs Droits de Mutation Calculator

Enter the purchase price to calculate Quebec's welcome tax.

Purchase Price ($)

For full Quebec land transfer tax rates and tables, see our Quebec Land Transfer Tax Guide.

2. Notary Fees

All Montreal real estate closings require a Quebec-licensed notary (not a real estate lawyer). The notary charges for:

Title search and title certification
Mortgage deed (hypothèque) preparation and registration
Deed of sale preparation
Land register searches (registre foncier)
Disbursements (registration fees, certificates)

Total notary fees typically run $1,20000–$2,000000. Get quotes from 2–3 notaries; rates are competitive.

3. Home Inspection

$40000–$90000 for a standard Montreal condo or house. Plex inspections cost more. Highly recommended even if not legally required. For older homes: consider supplementary pyrite testing ($20000–$40000) and asbestos testing ($2500–$50000).

4. Title Insurance

One-time premium of $2500–$50000 from providers like FCT or Stewart Title. Protects against undisclosed liens, encroachments, and title defects. Increasingly standard in Montreal closings.

5. Tax and Condo Fee Adjustments

At closing, you reimburse the seller for pre-paid municipal taxes, school taxes, and condo fees covering the period after your possession date. This typically runs $30000–$2,000000 depending on the time of year and whether the property is a condo.

6. CMHC Mortgage Insurance

If your down payment is less than 200%, CMHC (or Sagen/Canada Guaranty) mortgage insurance is mandatory. The premium is added to your mortgage principal — you don't pay it in cash at closing, but it increases your total mortgage.

Down Payment	CMHC Rate	On $50000K Mortgage
5%–9.99%	4.0000%	$200,000000
100%–14.99%	3.100%	$15,50000
15%–19.99%	2.800%	$14,000000
200%+	00%	$00

7. Moving Costs

Montreal local moves: $60000–$2,000000. Book movers well in advance of July 1st (Quebec's traditional moving day) — rates triple and availability disappears by May for June/July closings.

Total Closing Cost Summary — Montreal 20024

Item	$40000K Purchase	$60000K Purchase	$90000K Purchase
Droits de mutation	~$4,2500	~$8,2500*	~$15,7500*
Notary fees	$1,40000	$1,60000	$1,80000
Inspection	$5500	$60000	$70000
Title insurance	$30000	$3500	$40000
Adjustments	$60000	$80000	$1,000000
Moving	$1,000000	$1,20000	$1,50000
Total	~$8,10000	~$12,80000	~$21,1500

* Includes Montreal municipal surtax on portion above $50000,000000.

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Key Takeaways

No first-time buyer rebate on droits de mutation — every Montreal buyer pays full amount
Budget 2.5%–3.5% of purchase price for total closing costs
Droits are invoiced post-closing, not paid at the notary
Get notary quotes — fees vary and are negotiable
Avoid June/July closings if possible to dodge July 1st moving day chaos