Required if your down payment is less than 20%. The premium (2.8%–4%) is typically added to your mortgage balance. Buying Process in 5 Key Steps
Once conditions are met, the notary finalizes the deed of sale and registers the property transfer. First-Time Buyer Incentives
Permits a tax-free withdrawal of up to $60,000 from your RRSP to be repaid over 15 years. To help you narrow down your search, How to Buy a House in Montreal in 2026 (10-Step Guide) buy house in montreal canada
Highly sought after by investors, with a median price of $880,000 . Essential Costs to Budget
Buying a house in Montreal in 2026 requires navigating a "two-speed" market where single-family homes remain highly competitive, while the condo segment has shifted toward a more balanced or buyer-friendly environment due to rising inventory. As of early 2026, the average home price in Montreal is approximately , representing a 5.1% annual increase. Current Market Overview (2026) Required if your down payment is less than 20%
First-time buyers in Montreal may qualify for a rebate of up to $5,000 .
Mandatory for all Quebec real estate transactions. Typically costs between $1,500 and $3,000 . First-Time Buyer Incentives Permits a tax-free withdrawal of
Check your credit score (ideally 680+) and save for a down payment (minimum 5% for the first $500k).