# Montreal Mortgage Rates 2026: Live Big 5 & Montreal Broker Rates

> Current Montreal mortgage rates from Canada’s Big 5 banks and major challenger lenders. Quebec Welcome Tax (Droits de mutation) math, Montreal-specific brackets, Civil Code closing mechanics, and notary fees. Updated daily.

Category: Mortgage Rates
Last verified: 2026-08-29
Source: https://ratellow.com/mortgages/rates/montreal

## TL;DR
- Live card as of 2026-10-18: 5-year fixed 4.59% · 3-year fixed 4.54% · 5-year variable 3.49% · Prime 4.45%.
- Montreal Welcome Tax (droits de mutation) plus notary closing. Lender contract rates are national.
- A Montreal purchase is a hypothec under the Civil Code of Québec, signed before a notary, with droits de mutation immobilière (the “welcome tax”) invoiced by the city months after the deed. That is not an Ontario solicitor closing and it is not a land-transfer-tax cheque on closing day.
- Uninsured straight switch at renewal: no prescribed MQR since 21 November 2024. Refinance is always tested.