Montreal Closing Costs Calculator
On a $645,000 purchase, budget $10,049 to $15,149 in cash on top of your down payment. Here is every line, with the Montreal numbers filled in.
Quebec uses a notary rather than a lawyer — typically $1,500 to $2,500.
1.56% of the purchase price, on top of the down payment
Check what I qualify forEvery line, and who pays it
| Cost | Typical range |
|---|---|
| Transfer duties (welcome tax) Includes the droits de mutation. Calculate it → |
$8,249 |
| Legal fees and disbursements Quebec uses a notary rather than a lawyer, typically $1,500–$2,500. |
$900 – $2,500 |
| Title insurance Not customary in Quebec, where a certificate of location ($800–$1,500) does the same job. |
$200 – $500 |
| Home inspection Optional, and worth every dollar on a resale. |
$400 – $800 |
| Appraisal Lender-ordered. Often waived on insured purchases. |
$300 – $600 |
| Property tax adjustment Reimburses the seller for taxes they prepaid past your closing date. |
$0 – $2,500 |
- Quebec charges 9.975% QST on the default-insurance premium, payable at closing.
- The welcome tax arrives as a separate municipal bill a few months after you move in. Budget for it — it cannot be financed.
What the seller pays
Real estate commission and their own legal fees, plus the status or estoppel certificate on a condo. None of that lands on your side of the statement.
Your Montreal closing cost checklist as a PDF
Every line item with your numbers filled in, formatted so you can hand it to your lawyer or take it to the bank. Free.
What rate would you actually get?
A 25 basis point difference on a $605,500 mortgage costs about $8,000 over a five-year term — several times the closing costs you are budgeting for here.
Get my real rateQuestions
How much are closing costs in Montreal?
Budget $10,049 to $15,149 on a $645,000 purchase. Transfer duties (welcome tax) is the biggest line at $8,249. The rule of thumb of 1.5% of the purchase price holds up in most provinces and badly understates it in Toronto.
Which closing costs can I finance?
Almost none of them. Default insurance premium is the exception — it is added to the mortgage. Everything else, including the provincial sales tax on that premium, has to be cash on closing day. Lenders will ask you to prove you have it.
Do I need title insurance?
In Quebec, usually not. A certificate of location prepared by a land surveyor does the equivalent job and costs $800 to $1,500. Some lenders will still ask for title insurance on a refinance.
What does the property tax adjustment mean?
If the seller has already paid the year's property tax past your closing date, you reimburse them for the part of the year you will own the home. In Montreal the residential rate is 0.661%, so a $645,000 home carries about $4,263 a year — the adjustment is a slice of that.
Why is there sales tax on my mortgage insurance in Quebec?
Quebec charges 9.975% provincial sales tax on the default-insurance premium. The premium itself gets added to your mortgage; the tax on it does not. On a $645,000 purchase with the minimum down payment that is roughly $2,416 in cash you have to find on closing day.
Transfer tax figures from quebec.ca, checked 22 August 2026. Price basis: median single-family price, July 2026, APCIQ. The Montreal property tax rate is drawn from a 2026 aggregate rather than the municipality's own schedule — confirm it with the city before relying on the adjustment figure. Ranges are typical, not quotes. Your lawyer produces the binding statement of adjustments.
The math is free. Acting on it is the point.
When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.
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