BMO Bank of Montreal 1-year fixed mortgage rate.
Today’s best 1-year fixed in our network is 4.19%. We access BMO Bank of Montreal’s broker-channel pricing — typically 15-30 bps below posted — and compare it across 100+ lenders.
The network’s best 1-year fixed rate today is approximately 4.19% through the broker channel — about $3,004/month on a $700,000 home with 20% down over 25 years. A 1-year fixed is the maximum-optionality fixed term for borrowers betting on near-term cuts. The rate you’d be quoted directly is rarely BMO Bank of Montreal’s best — the broker channel typically runs 15-30 bps lower.
The 1-year fixed with BMO Bank of Montreal
BMO Bank of Montreal on this term. BMO Bank of Montreal isn't currently posting a broker-channel 1-year fixed on our rate board, so the rate above is the best 1-year fixed across our 100+ lenders — not BMO Bank of Montreal's own. For this term we shop your file across the full shelf, BMO Bank of Montreal included, and bring back the sharpest fit.
Who it suits. Rate-watchers who want a fixed payment for just twelve months so they can renew into what they expect will be a lower-rate market. It also suits borrowers who can't yet qualify for the best long-term pricing and want to improve their file before re-shopping.
What drives the rate. The 1-year fixed is the most responsive fixed term to the immediate outlook. It typically prices above longer terms in a normal market (lenders charge for the short hold) and only undercuts them when deep cuts are expected within the year.
Breaking it early. With only twelve months of term, the IRD is almost always trivial and three months' interest is the practical penalty — so flexibility is high.
How BMO Bank of Montreal prices the broker channel
Canada's oldest bank. Competitive on standard A-lender purchase and renewal. The BMO NewStart newcomer program is one of the most accessible for PRs and work-permit holders in the Big-6.
BMO Bank of Montreal runs two 1-year fixed rate sheets: the consumer rate and a wholesale broker-channel rate a licensed brokerage accesses, usually 15-30 bps lower because the broker handles origination. You can’t reach it by approaching BMO Bank of Montreal yourself. On a $700,000 mortgage, 20 bps is roughly $1,400 a year.
- BMO NewStart newcomer program
- Standard A-lender purchase
- Strong Quebec presence
- Bilingual French support
A worked example
On a $700,000 home with 20% down, the mortgage is $560,000. At the network’s best 1-year fixed rate of 4.19% over a 25-year amortization, the payment is about $3,004/month. Go to BMO Bank of Montreal yourself at their consumer rate (~15-30 bps higher) and you’d pay $50-100 more a month for the identical mortgage — which is exactly what the broker channel saves. Model your numbers in the BMO Bank of Montreal calculator.
Whatever your situation with BMO Bank of Montreal
We submit to BMO Bank of Montreal's broker desk and 100+ other lenders on one application — whichever prices your file lowest wins.
First-time buyers
5% down with FHSA + RRSP HBP optimization — BMO Bank of Montreal or whichever lender prices you lowest.
Refinancing
Unlock equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with BMO Bank of Montreal — most clients beat the first offer by 30-60 bps.
Self-employed
Business-for-self files priced right across A-lender, alt-A and private.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
Breaking a BMO mortgage
Estimate the BMO Bank of Montreal posted-rate IRD penalty before you switch.
6 reasons to get BMO Bank of Montreal's 1-year fixed through a broker
Why the rate BMO Bank of Montreal quotes you directly is rarely their best 1-year fixed — and how the broker channel changes the math.
Access the broker channel
BMO Bank of Montreal's broker-channel 1-year fixed rate is typically 15-30 bps below the rate you would be quoted directly — and you can only reach it through a licensed brokerage like ours.
BMO Bank of Montreal and 100+ others compete
We submit your file to BMO Bank of Montreal's broker desk and the rest of the network on one application, so you get BMO Bank of Montreal's best and the market's best side by side.
No bureau pull to start
We can shop your BMO 1-year fixed rate without a hard credit check, so comparing costs you nothing.
We handle the paperwork
From application to BMO Bank of Montreal's underwriting to funding, we manage the file end-to-end.
Switch or renew without overpaying
At maturity we benchmark BMO Bank of Montreal's renewal/switch offer against the whole market so you never auto-renew high.
Best-rate guarantee
We'll beat any comparable Big-6 1-year fixed offer or pay you $500 — keep it, or we'll donate it to your favourite charity — and our advice is free, paid by the funding lender.
Why shop BMO Bank of Montreal through us
- Direct access to BMO Bank of Montreal's broker desk — plus 100+ other lenders on one application.
- Broker-channel pricing 15-30 bps below BMO Bank of Montreal's posted rate.
- One application, every lender — BMO Bank of Montreal's best and the market's best, then you choose.
- FSRA-licensed advice, no bureau pull to start, best-rate guarantee or $500 (you or your charity).