What are mortgage rates in Montreal today?
| Term | Rate | Lender type | Shelf / note | Payment on $400,000 |
|---|---|---|---|---|
| 5-year fixed | 4.04% | Credit union | uninsured | $2,113/mo |
| 5-year variable | 3.70% | Brokerage | prime − 0.75% | $2,046/mo |
| 3-year fixed | 4.19% | Monoline | uninsured | $2,145/mo |
| HELOC | 4.95% | Bank | prime + 0.50% | — |
Payments on a $400,000 mortgage, 25-year amortization, fixed rates compounded semi-annually. Prime 4.45% (Bank of Canada policy rate 2.25%), October 7, 2026.
Who bids on Montreal mortgages?
Every approved lender that serves Quebec appears on this page automatically.
Mortgage renewal in Montreal
Montreal homeowners can switch lenders at maturity with no penalty. Start 120 days early and challenge your renewal rate; on a $412,000 balance, a bid 0.85% lower saves about $194 a month.
Refinance and HELOC in Montreal
Refinance up to 80% of your Montreal home's value, or open a HELOC up to 65%. Compare both with the refinance calculator and HELOC calculator.
What does it cost to buy in Montreal?
Quebec charges transfer duties, often called the welcome tax. For 2026 the standard brackets are 0.5% up to $62,900, 1% up to $315,000 and 1.5% above, with higher brackets in Montreal.
| Item | Amount |
|---|---|
| Total transfer tax / registration fees | $7,110 |
Before first-time buyer rebates. Rules checked October 7, 2026.
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Frequently asked questions
What are mortgage rates in Montreal today?
See the best bids table above; post your request for bids on your own file.
Is a Montreal mortgage renewal different from other cities?
The process is the same; which lenders serve the area and the property type matter more than the city.
Can I get a private mortgage in Montreal?
Yes, if private lenders or MICs serve Quebec. Each bid lists every fee.
Do I need a Montreal mortgage broker?
Not to get bids. Brokerages bid alongside lenders.
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