Mortgage broker in Montreal
Mortgage advice for Montreal buyers.
From downtown condos to Rosemont plexes and family homes in the West Island, Montreal's market has its own costs and opportunities. Here is what to know before you buy or renew on the island.
Montreal's welcome tax is different
The City of Montreal sets higher transfer duty rates than the standard Quebec schedule on more expensive properties. On a family home or a plex, the welcome tax can be a significant amount, billed a few months after closing. We include it in your budget from day 1.
Condos, plexes and older homes
- Condos: lenders review condo fees, the contingency fund and the building's maintenance records
- Plexes: living in one unit can make ownership affordable, with rental income helping you qualify
- Older homes: foundations, wiring and plumbing often come up in inspections and can affect financing
Neighbourhood by neighbourhood
Prices vary widely between boroughs such as Verdun, Saint-Laurent, Ahuntsic, Rosemont and the West Island. A pre-approval that fits one neighbourhood may need a different strategy in another. We look at the property type and area you are targeting before setting your budget.
Other areas we serve
How much is the welcome tax in Montreal?
Can I buy a plex in Montreal with 5% down?
Does the City of Montreal have help for buyers?
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