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Montreal Mortgage Affordability Calculator

Updated

Maximum Home Price

How much house can you afford in Montreal?

Montreal CMA’s average sold price is $656,708 as of February 2026, up 6.1% year-over-year. With 3,930 transactions in February — actually exceeding Toronto’s 3,868 sales — Montreal is Canada’s busiest housing market. The median single-family price hit a record $639,000 (+6.5%), and the market has 4.8 months of supply.

Montreal affordability by property type

Real Montreal data — February 2026:

Property TypePrice (Median)YoYDown (20%)Income Required
Condo$430,000+2.4%$86,000$101,764
Single-Family$639,000 (record)+6.5%$127,800$142,061
Average (all)$656,708 (avg)+6.1%$131,342$145,474
Plex$850,000+7.6%$170,000$182,712

Income assumes 4.04% rate, 25-year amortization, 32% GDS, $354/mo tax, $150/mo heat.

Plexes are Montreal’s unique play — revenue properties where rental income offsets mortgage costs. At $850K median, the rent from 2–3 units can substantially improve affordability.

Montreal area price comparison

AreaMedian SF Pricevs Island
Laval$599,00022% cheaper
South Shore$630,00017% cheaper
Vaudreuil-Soulanges~$637,00017% cheaper
Montreal CMA$639,000
Island of Montreal$763,500+19%

The Island of Montreal median condo is $470,000 vs $430,000 CMA-wide. Off-island suburbs offer significant savings.

Neighbourhood price ranges

NeighbourhoodPrice RangeCharacter
NDG$600,000–$1M+Anglophone, family-oriented
South Shore suburbs$500,000–$700,000Suburban, car-dependent
Laval$500,000–$700,000Growing, transit improving
Plateau-Mont-Royal$1M+Singles/plexes, trendy, competitive
Downtown condos$350,000–$600,000New builds, investor market

Quebec welcome tax (droits de mutation)

BracketRate
First $58,9000.5%
$58,901–$294,6001.0%
$294,601–$500,0001.5%
Over $500,0003.0% (Montreal)
Home PriceWelcome Tax
$430,000 (condo median)~$4,951
$639,000 (SF median)~$8,983
$850,000 (plex median)~$15,303

Montreal’s 3% rate above $500K is higher than most Quebec municipalities (1.5%–2%). No first-time buyer exemption.

Montreal vs Toronto — a tale of two markets

FactorMontrealTorontoDifference
Average price$656,708$1,008,968Montreal $352K cheaper
SF median$639,000N/A (~$1.3M det.)Montreal ~$660K cheaper
Condo$430,000$626,650Montreal $197K cheaper
Income (avg)$145,474$213,376$68K/yr less
Transfer tax (avg)~$8,100~$31,000$23K less
Sales volume (Feb)3,9303,868Montreal busier
Trend+6.1% YoY-7.0% YoYOpposite directions

Montreal is growing while Toronto is correcting — crossing over as Canada’s most active market.

Montreal market conditions — February 2026

MetricValue
Average price$656,708 (+6.1% YoY)
SF median$639,000 (+6.5% YoY, record)
Condo median$430,000 (+2.4% YoY)
Plex median$850,000 (+7.6% YoY)
Total sales3,930 (-3.9% YoY)
Active listings18,695 (+10.1% YoY)
SNLR52%
Months of supply4.8
Condo listings+20% YoY (above 10-year avg)
Market conditionBalanced (QPAREB: Seller’s)

See the Montreal housing market report for the latest.

Tips for Montreal homebuyers

  1. Record SF prices — $639K median is the highest ever. If waiting for a dip, the data doesn’t support one yet
  2. Plex strategy — Revenue from units can qualify you for a larger mortgage (rental income factored into GDS)
  3. Off-island for savings — Laval and South Shore offer 17–22% savings over the Island
  4. Condo supply building — +20% listings YoY. Best selection and negotiating power in the condo segment
  5. Welcome tax at 3% — Montreal charges the highest rate in Quebec above $500K. Budget $5K–$15K
  6. Compare mortgage rates — National and Quebec-based lenders compete