Financing a Montreal rental property

Island of Montréal median price, single-family homes — Centris (APCIQ) put the Montreal median at <strong>$835,000</strong> for Q2 2026. For an investment property mortgage that makes the 20% down about <strong>$167,000</strong> (the 20% 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 20% down is about <strong>$96,700</strong>; at the plex (2–5 units) median of $910,000 it is about <strong>$182,000</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 investment property 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 investment property file at minimum down works out to about $167,000 down and roughly $3,442/mo (principal + interest at 4.69% 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.

It depends entirely on what you are buying it for, and the test is one number rather than an opinion. At the $835,000 median single-family home price a single-unit rental here carries $4,138 a month in principal, interest and property tax with $167,000 down — so the question is simply whether a comparable property in Montreal leases above that, and above $4,552 if you want a debt-service lender interested. Rents that clear the first figure but not the second describe an appreciation-and-paydown investment rather than a cash-flow one, which is a legitimate thing to buy as long as you know that is what you bought. We will not quote you a market rent we cannot source; bring three confirmed leases and we will run the file against them.

Yes, and how much it helps depends on a lender convention almost nobody shows you. There are three: 50% of the rent netted against the property's carrying cost, 80% of the rent added to your gross income, or 100% netted against carrying cost. On this property at the $4,138 break-even rent, tested at the 6.69% qualifying rate, the household income required ranges from $30,000 to $118,000 across those three methods on identical facts. Matching your file to the right method moves more than any rate discount on offer.

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.