Best mortgage rates in Montreal.
Today’s best rate in Montreal is 3.50%. We compare Montreal mortgage rates across 100+ Canadian lenders and lock your best on one application — no bureau pull to start.
The best mortgage rate in Montreal today is approximately 3.50% — about $3,335/month on Montreal’s median single-family home price of $835,000 with 20% down over 25 years. Bilingual service is mandatory. Large duplex/triplex investor pool.
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Quebec rates →
Montreal mortgage payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.14% | $3,565/mo |
| 5-Year VariableLowest | 3.50% | $3,335/mo |
| 3-Year Fixed | 4.04% | $3,528/mo |
| 3-Year Variable | 3.90% | $3,478/mo |
| 2-Year Fixed | 3.99% | $3,510/mo |
| 1-Year Fixed | 4.19% | $3,583/mo |
| 4-Year Fixed | 4.14% | $3,565/mo |
| 7-Year Fixed | 4.49% | $3,693/mo |
| 10-Year Fixed | 5.34% | $4,015/mo |
A worked example for Montreal
On Montreal’s median single-family home price of $835,000 with 20% down, the mortgage is about $668,000. At today’s best rate of 3.50% over a 25-year amortization, that’s roughly $3,335/month using Canadian semi-annual compounding. Model your own price and down payment in the payment calculator, and see the income you’d need.
Getting the best mortgage rate in Montreal.
The posted rate you see advertised isn’t the rate you get. In Montreal, your number is set by your credit score, your down payment / loan-to-value, whether the mortgage is insured, and the property type — and by which lender’s broker-channel pricing fits your file. Bilingual service is mandatory. Large duplex/triplex investor pool.
What’s specific to Quebec: Desjardins (Quebec's largest financial cooperative) and National Bank dominate the Quebec mortgage market with deeply localized products. Desjardins frequently offers competitive rates with simplified closing through their integrated notary network. French-language service is mandatory for many borrowers — we have French-speaking advisors available. On top of the rate, budget for quebec welcome tax (droits de mutation) — tiered: 0.5% to $62,900, 1% to $315,000, then 1.5% — plus whatever rate the municipality sets above $500,000, capped at 3% for every city except Montréal. Billed by the city months AFTER closing, not collected on it. Quebec's refundable tax credit for access to homeownership, new for 2026 and retroactive to 1 January, reimburses eligible first-time buyers 100% of the first $5,000 of transfer duties plus 25% of the next $3,500 — up to $5,875. It is reduced progressively above a $750,000 home value and is nil at $1,000,000, and it arrives as a tax credit afterwards rather than as a discount at closing.
We compare Montreal mortgage rates across 100+ lenders — banks, monolines and Quebec credit unions like Desjardins and National Bank — on a single application, then hold your best rate for 90-120 days. This is the rate-shopping side; for the full local service — pre-approval strategy, document help, a dedicated advisor — see our Montreal mortgage broker page. Run your numbers on the payment calculator.
Montreal mortgage rates — FAQ
What is the best mortgage rate in Montreal right now?
Are Montreal mortgage rates different from the rest of Canada?
What land transfer tax will I pay in Montreal?
Can I lock a Montreal rate before I buy?
Do I need a local Montreal broker for the best rate?
Whatever your situation in Montreal
First home, renewal, refinance, investor or self-employed — there's a path for your file, with the same 100+ lender network.
First-time buyers
5% down to your first Montreal home, with FHSA + RRSP HBP optimization.
Refinancing
Unlock Montreal equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew — most clients beat their bank's first offer by 30-60 bps.
Self-employed
Business-for-self files priced right — A-lender, alt-A and private compared.
Investors
Build your Montreal rental portfolio — multi-unit and DSCR-style products.
New to Canada
Newcomer programs at the big banks; international credit accepted.
6 reasons to shop your Montreal mortgage rate through a broker
Why Montreal buyers and renewers compare the whole market instead of signing their bank's first offer.
100+ lenders compete — not one
A Montreal bank shows you one rate sheet. We put your file in front of 100+ lenders who bid for it, then pass on the volume pricing we hold.
Broker-channel pricing
The wholesale rate we access is typically 15-30 bps below a bank's posted rate — you can't get it walking into a branch.
A local Montreal market read
Bilingual service is mandatory. Large duplex/triplex investor pool.
Your rate held 90-120 days
A pre-approval locks today's rate while you shop, and many lenders honour a drop if rates fall before closing.
No bureau pull to start
We shop your Montreal rate and pre-qualify you with no hard credit check, so comparing costs nothing.
Best-rate guarantee
We'll beat any comparable Big-6 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 your Montreal rate with us
- 100+ lenders on one application — banks, monolines, and Quebec credit unions.
- Broker-channel rates 15-30 bps below posted.
- Local Montreal market knowledge paired with national lender access.
- FSRA-licensed advice in 50+ languages.
We arrange mortgages across Montreal — Plateau Mont-Royal, Ville-Marie, Outremont, Saint-Laurent, NDG, Verdun and beyond — with the same 100+ lender panel and FSRA-licensed advice.