Quebec
Buy vs rent in Montréal
A buy vs rent calculator preset for Montréal: Quebec’s closing-cost rules are built in, and the starting inputs are rounded planning values you can replace.
Starting inputs ($580,000 home, $1,900 rent, 0.75% property tax) are planning figures, not a market report. Replace them with current listings, rental ads and the property’s tax bill.
Buy vs rent in Montréal at a glance
On the starting inputs, buying does not overtake renting within 40 years. After ten years, renting and investing finishes ahead by about $89,607.
| Years you stay | Finishes ahead | By about |
|---|---|---|
| 3 | Renting | $52,568 |
| 5 | Renting | $56,141 |
| 10 | Renting | $89,607 |
| 15 | Renting | $147,347 |
What to check in Montréal
- Quebec’s transfer duties (the “welcome tax”) are tiered, indexed each year and can be higher in some municipalities; confirm the figure with your notary.
- Quebec has its own tenancy tribunal and rent-setting process; check how it applies to the lease you are comparing.
- In condominiums, ask about the contingency fund and any planned major works.
Quebec closing costs
Quebec’s transfer duties (the “welcome tax”) are tiered, indexed every year and higher in some municipalities such as Montréal. The figures here are approximate; confirm them with your lawyer or notary.
Questions people ask
Is it better to buy or rent in Montréal?
It depends on how long you stay and what prices, rents and returns do. With the starting inputs on this page (a $580,000 home and $1,900 rent), buying does not overtake renting within 40 years. Replace the inputs with current listings and rental ads for your own answer.
How much are closing costs when buying in Montréal?
On the starting inputs, estimated closing costs are about $10,754, including $6,854 of transfer tax and registration fees. Quebec’s transfer duties (the “welcome tax”) are tiered, indexed every year and higher in some municipalities such as Montréal.
What property tax rate does the Montréal calculator use?
0.75% of the home’s value per year, a rounded planning figure. Use the property’s actual tax bill when you have it.
Nearby buy vs rent pages
Educational illustration; not advice.