Bruised credit in Montreal? There is still a path.

Island of Montréal median price, single-family homes — Centris (APCIQ) put the Montreal median at <strong>$835,000</strong> for Q2 2026. For a bad credit mortgage that makes the 25% down about <strong>$208,750</strong> (the 25% this product usually needs). The same board counted 1,350 Montreal sales in Q2 2026, with an average days on market of 41 days. Your own property and balance replace these numbers on the file.

Montreal's board publishes each segment separately, and the gap is the point. At the condominium median of $483,500 the 25% down is about <strong>$120,875</strong>; at the plex (2–5 units) median of $910,000 it is about <strong>$227,500</strong>. The table on this page carries every row from the same Q2 2026 release.

About <strong>$12,049</strong> at the median. It is paid in cash on closing (or, in Quebec, billed by the municipality afterwards) and cannot be added to the mortgage. Our <a href="/land-transfer-tax-calculator">land transfer tax calculator</a> runs your own price.

Montreal's median single-family home price is approximately $835,000, so the typical bruised-credit file we see here sits in the $709,750–$960,250 band. Your specific neighbourhood and property type can move that materially.

On Montreal's $835,000 median single-family home price, a representative bruised-credit file at minimum down works out to about $167,000 down and roughly $3,969/mo (principal + interest at 5.99% over a 30-year amortization). Budget about $12,049 for Montreal’s welcome tax on top, which the city bills months AFTER closing rather than collecting on the day. Your exact numbers depend on the property and your file — we run them precisely before you commit.

Because the lender decides more than the rate: how Montréal property types are read, how much of your income counts, and what the file costs to move. In Quebec the file is placed by a mortgage professional licensed in Quebec, through our partner network.

Around 500 is the usual floor on an equity-supported file, but the score alone does not decide it. Between 500 and 549 private lending is the more likely route with some B-lender files possible; 550 to 599 opens the B-lender programmes at the top of the rate range; 600 to 649 moves you into the middle of it, where the premium falls quickly; and 650 and above is usually a prime file again with a written explanation of any past event. Those bands are our own orientation rather than any lender's published table — equity, income stability and the reason behind the score routinely move a file a band either way. Get the real bureau pulled before you plan around a number from a free app, which is frequently a different scoring model entirely.

Three things, not one. The rate — CMHC reported an average of 9.6% — on an interest-only basis, so on 75% of Montreal's $835,000 average, a $626,250 mortgage runs about $5,010 a month and still owes the full $626,250 at maturity. A lender fee of roughly 1% to 3%, which is $6,263 to $18,788 here and normally comes off the funds advanced rather than arriving as a bill. And possibly a broker fee on top. Every figure reaches you in writing before you are bound — our own standard, alongside whatever timing your province's regulator sets. CMHC also notes these mortgages typically run less than a year, so budget for the exit at the same time you budget for the payment.

Mortgage brokering in Quebec is regulated by the AMF (Autorité des marchés financiers). Mortgage Squad Advisors is licensed by FSRA in Ontario (Brokerage #13737) and serves clients across Canada: Quebec files are processed by licensed mortgage professionals in your jurisdiction through our partner network, in compliance with AMF requirements. All advisors are FINTRAC-trained. Ask us for the registration details that apply to your file.