Check Latest Mortgage Rates for Montreal in April 2026
Montreal is a major metropolitan market in Quebec, Canada, with a median home price of approximately C$535,000. Below you'll find the latest estimated mortgage rates for Montreal, updated daily to reflect current lending conditions. Use these rates alongside our free calculators to estimate your monthly payment, compare loan types, and plan your home purchase or refinance with confidence.
Montreal Mortgage Rates
Estimated rates as of 2026-04-04
| Product | Rate | APR | Monthly / C$100K |
|---|---|---|---|
| 5-Year Fixed | 5.13% | 5.23% | C$545 |
| 3-Year Fixed | 5.43% | 5.53% | C$610 |
| Variable Rate | 5.63% | 5.75% | C$576 |
| 1-Year Fixed | 5.88% | 5.96% | C$637 |
| HELOC Prime | 6.38% | 6.43% | C$624 |
Rates shown are estimated averages based on current market conditions and may vary by lender, credit score, loan amount, and property type. Contact a licensed mortgage professional for personalized rate quotes.
Montreal Mortgage Market Overview
The Montreal housing market in Quebec represents one of the most competitive mortgage lending markets in Canada. With a median home price of C$535,000, buyers in Montreal have access to a range of mortgage products from both national and local lenders.
As a major metropolitan area, Montreal benefits from intense lender competition, which often translates to slightly more favorable mortgage rates compared to smaller markets. Jumbo loans are particularly common here due to higher property values, and buyers may find special incentives from lenders competing for market share.
When comparing mortgage rates in Montreal, remember that your actual rate depends on several factors including your credit score, down payment amount, debt-to-income ratio, and the property type. Rates shown on this page reflect market-wide averages and may differ from the specific rate you're offered.
For the most accurate picture of your mortgage costs in Montreal, Quebec, we recommend using our free mortgage payment calculator alongside these rates. This combination gives you a realistic understanding of both the interest rate landscape and your actual monthly payment obligation.
Frequently Asked Questions About Mortgages in Montreal
Mortgage rates in Montreal, Quebec are updated daily on this page. As of today, rates vary by loan type — for example, fixed-rate mortgages and adjustable-rate products will have different rates. Scroll up to our rate table for the most current figures. Remember that individual lender quotes may differ based on your credit profile and loan amount.
Montreal is a major housing market in Canada. Whether it's a good time to buy depends on your personal financial situation, career plans, and how long you plan to stay. Use our mortgage calculators to model different scenarios — compare monthly payments at current rates, estimate closing costs, and calculate your break-even point for buying vs. renting.
Mortgage rates in Montreal tend to be slightly below the national average due to intense lender competition in the metro area. The rates displayed on this page reflect Montreal-specific market conditions. For the most competitive rate, we recommend comparing offers from at least 3-5 lenders.
More Mortgage Rates in Canada
35 other cities with daily rate updates
Calculate Your Monthly Payment in Montreal
Use current Montreal rates with our free mortgage calculator to see your exact monthly payment, interest costs, and amortization schedule.