Discover the Difference with Elite Real Estate Group
We help you find the perfect home or investment by curating options that match your preferences and budget.
Gain access to expert market reports, trends, and pricing insights to make informed decisions.
Explore properties at your convenience through virtual viewings or exclusive private tours.
Our skilled brokers negotiate the best terms and price on your behalf for a smooth transaction.
We connect you with trusted lenders to secure the best mortgage options and financing solutions.
From paperwork to legalities, we handle all the details to ensure a hassle-free buying experience.
Discover premium properties that match your lifestyle and investment goals. At Elite Real Estate Group, we provide exclusive access to off-market and high-demand listings, ensuring you find the perfect home before anyone else. Let us curate the best options for you—start your search today!
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In Canada, the minimum down payment is 5% for homes under $500,000. For homes between $500,000 and $999,999, it is 5% on the first $500K and 10% on the remainder. For homes $1M and above, you need a minimum 20% down. Beyond the down payment, budget for closing costs of roughly 1.5%–4% (including welcome tax, notary fees, and inspection). Our team will walk you through exactly what you will need based on your target price range.
The home buying process in Montreal follows these steps: (1) Get mortgage pre-approval so you know your budget. (2) Connect with a buyer broker who knows your target area. (3) Tour properties that match your criteria. (4) Submit a promise to purchase on your chosen home. (5) Complete a building inspection. (6) Finalize mortgage financing. (7) Sign at the notary and receive your keys. Our team guides you through each step and makes sure nothing falls through the cracks.
Montreal continues to offer strong fundamentals for real estate buyers in 2026. The city remains one of the most affordable major Canadian markets, with median home prices significantly below Toronto and Vancouver. Population growth, immigration, and limited housing supply support prices long-term. The West Island offers excellent schools, family-friendly communities, and strong resale value. For buyers with a 5–10 year horizon, Montreal real estate remains a sound investment.
You are not legally required to use a broker, but it is strongly recommended — especially in Quebec, where transactions involve specific legal processes including the promise to purchase and notarial deed. A buyer broker represents your interests, has access to the full Centris (MLS) database, helps you negotiate the best price, coordinates inspections, and guides you through the notary process. In most cases, the buyer broker is paid by the seller — so their services cost you nothing.
The welcome tax (taxe de bienvenue or land transfer tax) is a one-time municipal tax paid when you purchase a property in Quebec. It is calculated on a sliding scale: 0.5% on the first $55,200, 1.0% up to $276,200, 1.5% up to $552,300, 2.0% up to $1,104,700, and 2.5% above that (Montreal adds a higher bracket for luxury properties). On a $600,000 home in Montreal, expect to pay roughly $7,500–$9,000. Use the City of Montreal online calculator to estimate your exact amount.