How Much Home Can You Afford in Montréal?

Montréal remains one of the most affordable major cities in Canada, but buyers need to plan for one quirk: the land transfer tax — known locally as the 'welcome tax' (droit de mutation) — is not collected at closing. It arrives as a separate bill a few months after you take possession, so it is easy to forget if you have spent your reserves. Montréal also applies higher tax brackets than the rest of Quebec on more expensive homes.

Affordability still compares favourably with Toronto and Vancouver, and the market spans everything from plateau condos to family duplexes in neighbourhoods like Rosemont and Villeray. The federal stress test applies here as everywhere, but because prices are lower, more buyers qualify comfortably. Use the calculator above with Montréal's typical price point, and set aside the welcome tax estimate so the post-closing bill is not a surprise.