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Free Calculator — Updated 2025

Mortgage Calculator Montreal 2025

Montreal's average home is $590,000. Calculate your monthly mortgage payment and total cost with our free Montreal mortgage calculator.

$590,000
Avg. Montreal Home Price
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Min. Down Payment

Montreal Mortgage Calculator

Average Montreal home price: $590,000
Min. 5% for homes under $500K | 20% avoids CMHC insurance
Or enter a dollar amount directly
2025 average 5-year fixed rate: ~5.00%–5.50%
Max 25 years for insured mortgages (under 20% down)
Estimated Monthly Payment
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CMHC Insurance Required: Down payment under 20%. Insurance premium added to mortgage principal.

Quebec Land Transfer Tax / Property Transfer Tax

Montreal Welcome Tax (taxe de bienvenue): 0.5% on first $52,800 + 1.0% on $52,801–$264,000 + 1.5% on $264,001–$528,000 + 2.0% on $528,001–$1,057,000 + 3.5% on the remainder. On $590,000: approximately $8,700.

Montreal charges a Welcome Tax (taxe de bienvenue) — a municipal land transfer tax. On a $590,000 Montreal home, the Welcome Tax is approximately $8,700. First-time buyers don't get a provincial rebate in Quebec, but some Montreal-area municipalities have programs.

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FAQ — Mortgages in Montreal

What is the average home price in Montreal in 2025?
Montreal's average residential property price is approximately $590,000 in 2025. Single-family homes in popular areas like Plateau-Mont-Royal or Outremont can exceed $1M, while condos in downtown and Rosemont average $500,000–$700,000.
What is the Montreal Welcome Tax?
The Welcome Tax (taxe de bienvenue) is Quebec's equivalent of a land transfer tax, charged at municipal level. On a $590,000 Montreal home, it's approximately $8,700. There's no rebate for first-time buyers in Quebec.
Can I buy a home in Montreal in English?
Yes — Montreal has a large anglophone community and most real estate agents, notaries, and mortgage brokers work in both languages. Your mortgage documents will be in French (Quebec law) but translated copies are available.
What do I need to know about Quebec mortgages?
Quebec uses notaries (not lawyers) for real estate transactions. Your notary handles the title transfer and mortgage registration. Budget $1,500–$2,500 for notary fees in addition to the Welcome Tax and inspection costs.