In Montreal Canada — Buy House

The Montreal real estate market is currently characterized as a overall due to limited inventory (roughly 5 months of supply), though specific segments vary:

Highly competitive with a median price of $652,250 (up 6.9% year-over-year).

First-time buyers in Montreal may qualify for a rebate of up to $5,000 . buy house in montreal canada

Highly sought after by investors, with a median price of $880,000 . Essential Costs to Budget

Required if your down payment is less than 20%. The premium (2.8%–4%) is typically added to your mortgage balance. Buying Process in 5 Key Steps The Montreal real estate market is currently characterized

Essential for identifying structural issues. Costs range from $750 to $1,000 .

Check your credit score (ideally 680+) and save for a down payment (minimum 5% for the first $500k). Essential Costs to Budget Required if your down

Once conditions are met, the notary finalizes the deed of sale and registers the property transfer. First-Time Buyer Incentives