Quebec Mortgage Calculator

This calculator estimates the monthly payment on a home in Quebec, from Montreal and Gatineau to Quebec City and the regions. The province’s MLS HPI benchmark stood at $537,100 in September 2026. For the income side (how much a Quebec household can borrow), see mortgage affordability in Quebec; the payment formula itself is explained on the mortgage payment calculator.

A Quebec example at the benchmark price

A buyer putting down the minimum down payment on the benchmark home pays $28,710 up front (5.3%). Insuring the mortgage costs $20,336, a 4.00% premium folded into the balance, for a loan of $528,726. Over 25 years at 4.05%, which is the Bank of Canada’s average for new insured 5-year fixed mortgages in July 2026, the monthly payment is $2,796.

With a 20% down payment of $107,420, there’s no insurance to pay and the mortgage is $429,680. The uninsured average rate of 4.49% makes the payment $2,376 a month.

Qualifying is tested at the mortgage stress test rate rather than the contract rate. Allowing 1% of the price a year for municipal and school taxes, $150 a month for heating and no car or credit card payments, the benchmark home calls for about $123,000 of yearly household income at the minimum down, or $106,900 at 20% down (income needed to buy a home explains the test). Current lender offers are on Quebec mortgage rates.

Montreal

The Quebec Professional Association of Real Estate Brokers reports Montreal prices as medians. The median single-family home in the Montreal CMA sold for $635,000 in September 2026, and the median condominium for $430,000. On the single-family median, a minimum down payment of $38,500 leads to an insured loan of $620,360 and a payment of $3,280 a month.

The City of Montreal applies its own, steeper welcome tax brackets on the more expensive part of a purchase price, and the Quebec land transfer tax calculator includes them. Prices by property type are on the Montreal housing market page, and municipal and school tax on Montreal property tax.

Costs of buying in Quebec

• Welcome tax. Quebec’s transfer duties are billed by the municipality after the sale rather than paid at closing. The Quebec land transfer tax calculator works them out; other provinces’ taxes are on the land transfer tax calculator.
• A first-time buyer credit. The credit was announced in a Quebec Finance bulletin as being introduced starting in the 2026 taxation year. The credit is the first $5,000 of duties plus 25% of the rest, up to $5,875. Who qualifies is set out on first-time home buyers in Quebec.
• The notary. Under article 2693 of the Civil Code of Québec, an immovable hypothec (a mortgage on real estate) must be granted by notarial act en minute, a deed a notary draws up and keeps, or it is absolutely null. The notary’s fee is part of the total on closing costs in Quebec.

What a Quebec home costs each month beyond the mortgage (taxes, insurance, heat and upkeep) is listed on monthly carrying costs for homeowners.

Related pages

• Quebec mortgage rates
• Ontario mortgage calculator, with Ottawa next door to Gatineau
• New Brunswick mortgage calculator
• Quebec housing market