How To Buy a Condo In Montreal

Are you a first-time homebuyer in the city of Montreal? Want to benefit from this lively and expanding real estate market but unsure of how to begin? Buying a condo in Montreal can be an exciting process – full of potential rewards and possible pitfalls.

It’s important to understand everything involved throughout the purchase journey, so we’ve put together a comprehensive guide for anyone looking into buying a condo in one of Canada’s most popular cities.

If you’re thinking of buying a condo in Montreal, this guide will help you in making it happen. We’ll cover familiarizing yourself with the local condo market, understanding your financing options, and budgeting ahead of time. Read on to learn more about purchasing condos in Montreal!

Understanding the Montreal Condo Market

Montreal is an attractive city for many homebuyers, with its diverse neighborhoods, vibrant culture, and the strong job market. In recent years, the city has seen significant growth in its condo market, making it an increasingly popular choice for first-time buyers. With so much growth and development, it’s crucial to familiarize yourself with the Montreal condo market before making your purchase.

The current state of the Montreal condo market

Based on the most recent information, the standard condominium price in Montreal has risen by 1.1% compared to the previous year, reaching $397,800 in August 2023. This demonstrates the significant expansion and interest in condominiums within the city. For individuals looking to buy their first home, it’s crucial to be aware of this market trend and factor it into your budgeting process.

Benefits of Buying a Condo in Montreal

There are many benefits of purchasing a condo in Montreal, making it an attractive option for first-time homebuyers. Some of these benefits include:

  • Affordability: Condos in Montreal tend to be more affordable than detached homes, making them an appealing choice for individuals on a budget.
  • Low maintenance costs: As a condo owner, you will not have to worry about external maintenance tasks such as landscaping and snow removal, as the condo corporation handles these.
  • Proximity to amenities and transportation: Montreal is known for its vibrant neighborhoods and convenient public transportation. Buying a condo in this city means easy access to local amenities and efficient travel options.

Potential Challenges And Considerations

Montreal is becoming an increasingly popular location for homebuyers. While there are some potential challenges and considerations to keep in mind. Here are some important things to consider:

  • Budgeting for additional costs: Apart from the cost of buying your condo, you should also make sure to account for additional expenses like closing costs, moving fees, welcome tax, and notary fees. It’s crucial to include these expenditures in your financial planning when you’re deciding on a condo.
  • Location, location, location: When looking for a condo, it’s crucial to consider the location carefully. You want to find a neighbourhood that meets all your needs and is accessible for daily activities.
  • Pre-construction vs resale: Buying a pre-construction condo can provide potential financial benefits. This also implies that one has to patiently wait for the project to finish before they can start using it. On the other hand, purchasing a resale condo may provide more immediate occupancy but could come at a higher cost.
  • Condo fees and regulations: When buying a condo, it’s essential to understand the monthly maintenance fees and any specific rules or regulations set by the condo corporation. These can vary greatly among different condos and can affect your overall budget and lifestyle.
  • Considering long-term goals: When thinking about your long-term plans, whether you intend to reside in the condominium for a couple of years or the foreseeable future, it’s vital to factor in your future objectives when making this investment. This consideration can provide direction to your decision-making and guarantee that you’re selecting the optimal option for your aspirations.

Define Your Condo Buying Goals and Budget

Before starting your condo search, it’s important to have a clear understanding of your goals and budget. This will help you narrow down your options and make the best decision for your specific needs.

Assess Your Needs and Preferences in a Condo

Before starting your condo search, it’s important to assess your needs and preferences. This will help narrow down your options and ensure that you find a condo that meets your requirements. Consider factors such as location, size, amenities, and layout when determining what type of condo is best for you.

Understanding your needs and preferences will also help you determine what type of building is best for you. For instance, if you value privacy and security, a smaller building with fewer units may be ideal.

Determine Your Budget and Financing Options

Once you’ve got a good handle on what you’re looking for and your personal preferences, the next step is to figure out your financial plan. This means looking at not just the initial purchase price, but also ongoing expenses like monthly maintenance fees and property taxes. It’s crucial to be practical and not overextend yourself when setting your budget.

Following that, explore your financial options. This could involve things like securing a mortgage pre-approval, exploring government assistance programs like the Home Buyers’ Plan, or even having someone co-sign with you. Having a solid grasp of your financial situation will be your compass as you search for the right condo and ensure you can comfortably afford it.

Importance of pre-approval for a mortgage

One of the key steps in buying a condo in Montreal is getting pre-approved for a mortgage. This means that a lender has evaluated you and has been guaranteed a certain amount of money to finance your purchase.

Having a pre-approval for a mortgage can provide several benefits:

  • Better understanding of your budget: With pre-approval, you will know exactly how much you can afford to spend on a condo. This will help narrow down your search and ensure that you don’t waste time looking at properties outside of your means.
  • Increased negotiating power: When making an offer on a condo, having a pre-approval letter can make you a more attractive buyer to sellers. It shows that you are serious and have already taken the necessary steps to secure financing.
  • Avoiding potential delays: By getting pre-approved for a mortgage, you can avoid any last-minute surprises or delays in the purchasing process.

Research Condo Locations

Montreal is a city filled with diverse and vibrant neighborhoods, each offering its unique charm and lifestyle. When it comes to buying a condo in Montreal, here are some of the most popular neighborhoods to consider


Downtown Montreal is situated at the base of Mount Royal, a major urban park that stretches towards the St. Lawrence River. This vibrant area falls within the Ville Marie borough and boasts numerous impressive skyscrapers, limited to the height of Mount Royal by city bylaws. Among them are notable buildings such as 1000 de La Gauchetière and 1250 René-Lévesque.

The bustling Saint Catherine Street is the main artery of downtown, with other major streets including Sherbrooke, René Lévesque Boulevard, Peel, Mountain Street, De Maisonneuve Boulevard, and Crescent Street. So, if you’re looking for a lively and convenient urban lifestyle in Montreal, Downtown is definitely an area worth considering.

Le Plateau

The Plateau Mont-Royal neighborhood in Montreal is a popular and vibrant area known for its trendy atmosphere, diverse population, and unique architecture. With its prime location near the bustling Saint Laurent Boulevard and Mount Royal Avenue, this neighborhood boasts a high density of people and a large number of creative individuals.

Walking, biking, and public transportation are the preferred modes of travel in this urban area, making it a desirable location for those looking for a more sustainable and active lifestyle. In fact, Utne Reader magazine has even recognized the Plateau Mont-Royal as one of the “15 Hippest Places to Live” in North America.

One of the most distinctive features of this neighborhood is its exterior staircases, which are a defining element of Montreal’s architecture. These outdoor steps add to the charm and character of the Plateau, making it a unique and desirable place to call home.

With its vibrant culture, convenient location, and lively atmosphere, Le Plateau is an excellent option for those looking to buy a condo in Montreal. So, be sure to consider this neighborhood in your search!

HoMa (Hochelaga Maisonneuve)

HoMa, short for Hochelaga-Maisonneuve, is a vibrant neighborhood located in the east end of Montreal, south of the city’s iconic Olympic Stadium and east of downtown. This area has gone through significant changes and gentrification in recent years, transforming it from a historically poor neighborhood to a thriving community with diverse offerings.

With its prime location and affordable housing options, Homa has become a popular choice for young professionals and families looking to live in Montreal. The neighborhood’s proximity to downtown and access to various transportation options, including the metro and bus lines, make it an ideal location for those who want to be close to the city’s core.


Ahuntsic, located in northern Montreal, Canada, was once an independent village before being annexed by the city in 1910. It has since become a popular district and is now part of the Ahuntsic-Cartierville borough.

Known for its diverse offerings and convenient location, Ahuntsic is home to Collège Ahuntsic and Complexe sportif Claude-Robillard, making it a desirable area for students and sports enthusiasts alike. Additionally, its vibrant community and various amenities make it an attractive choice for families and professionals looking to settle down in Montreal.

With its history and charm, Ahuntsic is a unique neighborhood that offers a blend of urban convenience and suburban tranquility. So, if you’re considering moving to Montreal, be sure to check out all that Ahuntsic has to offer! Keep exploring other different neighborhoods in Montreal and find the perfect place for you.

West Island

The West Island refers to the western end of the Island of Montreal in Quebec, Canada. This region is unofficially composed of several municipalities and boroughs. Known for its picturesque landscapes and suburban charm, the West Island offers a peaceful retreat from the hustle and bustle of city life while still providing easy access to downtown Montreal.

With a mix of traditional and modern neighborhoods, this area is an ideal choice for families and individuals looking to settle down in Montreal. So, don’t miss out on exploring the West Island when searching for your new home!


Nestled within the vibrant city of Montreal, the Atwater neighborhood offers a unique blend of urban energy and cozy charm. With its tree-lined streets, quaint cafes, and bustling markets, Atwater encapsulates the essence of Montreal’s rich cultural tapestry. Meander along the lively promenade, where the scent of freshly baked baguettes mingles with the aroma of artisanal coffee, creating an inviting ambiance that is quintessentially Montreal. 

Take a leisurely stroll through the picturesque parks, enjoy a picnic by the scenic Lachine Canal, or immerse yourself in the local art scene at the neighborhood galleries. Atwater is a delightful convergence of modern vitality and old-world allure, making it a must-visit destination for those seeking an authentic Montreal experience.

Factors influencing your choice of location

When choosing the right location for your condo in Montreal, several factors may influence your decision. These include:

  • Proximity to amenities
  • Desired lifestyle
  • Affordability
  • Future developments

Upcoming developments in preferred areas

In Montreal, there are always new and exciting developments on the horizon that can influence your choice of location. As a leader in real estate in Montreal since 1991, Samcon takes great pride in being part of the city’s transformation and revitalization through our new condo projects.

Currently, we have two upcoming projects that are worth mentioning: St. Patrick located in Atwater and Victoria Town located in Pointe St Charles. Both projects are located in highly desirable and sought-after areas, making them a great investment opportunity for those looking to buy a condo in Montreal.

At Samcon, we understand that location plays a crucial role in choosing your dream home. That’s why we carefully select our project locations to provide our residents with the best possible lifestyle and value for their investment. With our commitment to quality and attention to detail, you can trust that both St. Patrick and Victoria Town will be exceptional projects that add value to Montreal’s urban landscape.

So, when considering your options, don’t forget to keep an eye out for our upcoming developments in preferred areas like Downtown and Pointe-Saint-Charles! With Samcon, you can find the perfect condo in your desired location with ease. We can’t wait to welcome you to your new home!

Start Your Property Search

The first step in buying a condo in Montreal is to begin your property search. This can be done both online and in person.

Searching for condos online

There are many websites and platforms dedicated to listing condos for sale in Montreal. Here are a few tips for using these resources effectively:

  • Use filters
  • Check multiple platforms
  • Read reviews

Visiting condo listings

Once you’ve found a few condos that interest you, it’s time to schedule visits. When visiting listings in person, here are some things to keep in mind:

  • Take notes: Bring a notepad and pen to jot down important details about each condo.
  • Ask questions: Don’t be afraid to ask the real estate agent or seller questions about the property.
  • Please pay attention to location: In addition to the condo itself, pay attention to its surroundings and location.
  • Take your time: Visiting a condo in person is an important step in the purchasing process, so take your time and don’t feel rushed.

Many helpful companies exist for finding and selling condos in Montreal. Some popular options include Duproprio, Centris, Mtl Guide Condo, and Guide Habitation, Vistoo. Each of these offers a wide range of listings and tools to help you find your dream condo or sell your property quickly. However, each platform offers unique features that set them apart.

  • DuProprio: More focused on the Quebec Market, this listing site will help you find new developments, homes, condos, townhomes.  Great for finding properties for sale by owner.
  • Centris: Like DuProprio however more focused nationwide for all of Canada.
  • Guide Habitation: This website is a complete directory of all real estate projects in Quebec. It provides information on new condominiums for sale on Montreal Island and allows users to compare different projects.
  • Mtl Guide Condo: Similar to Guide Habitation, this website focuses on providing information on new real estate projects in Quebec, specifically in Montreal. It offers virtual tours, photos, and descriptive text to help buyers make informed choices.
  • Vistoo: The new kids on the block this platform is focused on finding new properties in Canada, including houses, condos, multiplexes, and more. It offers virtual tours and a large selection of listings to make the buying or renting process easier.

Asking relevant questions

During your visits, here are some questions you may want to ask to gather more information about the condo:

  • How long has the property been on the market? This can give you an idea of how in-demand the condo is and if there may be room for negotiation on the price.
  • Are there any current or past issues with the property? It’s important to know about any potential problems that may arise in the future.
  • What is included in the sale? Make sure you have a clear understanding of what will be included in the purchase, such as appliances or parking spots.
  • Are there any upcoming renovations or assessments? This can affect your budget and future plans for the condo.

Find a Knowledgeable Real Estate Agent

Buying a condo in Montreal can be a complex process, especially for first-time homebuyers. That’s why it’s important to have a knowledgeable and experienced real estate agent by your side.

Benefits of working with a real estate agent when buying a condo in Montreal include:

  • Expert guidance: A seasoned real estate professional can offer valuable insights and guidance throughout the home-buying journey, from pinpointing the ideal property to securing the most favorable deal.
  • Access to listings: Real estate experts have access to a broad spectrum of properties on the market, including those that aren’t publicly advertised. This widens your selection and enhances your chances of discovering your dream condominium.
  • Handling paperwork: Buying a condominium entails a significant amount of paperwork, and a real estate professional can ensure that all the necessary documents are accurately completed and submitted promptly.
  • Negotiation skills: Real estate professionals come equipped with negotiation expertise, which can work to your advantage in securing the best price for your desired property.

 Tips for selecting the right agent

  • Do your research: Look for agents who specialize in buying condos in Montreal and have experience working with clients similar to yourself. Check out their online reviews and ask for references.
  • Interview multiple agents: Don’t be afraid to meet with a few different agents before making a decision. This will give you a better understanding of their approach, communication style, and any potential fees.
  • Ask questions: During the interview, come prepared with questions about the buying process and how they can help you find the right condo. A good agent will be transparent and address any concerns you may have.
  • Communication is key: Buying a condo is a big decision, so it’s important to work with an agent who keeps you informed and updated throughout the process. Choose someone who responds promptly to your inquiries and provides regular updates on potential properties.

Partnerships with reputable agents, if applicable

As the leader in real estate sales and marketing for condos in Montreal, McGill Real Estate has established strong partnerships with prominent promoters in the city. In fact, their brokers sell 1/4 of all new condo transactions within Montreal, totalling a transaction volume of billions.

Their team of experts, selected through a rigorous process, is involved in every step of the sales and marketing of thousands of new condos each year. That’s why when it comes to condos, McGill is the name to remember.

Evaluate Condo Listings

When looking at condo listings in Montreal, it’s important to have a clear understanding of what you’re looking for and to evaluate each property carefully. Here are some criteria to consider when evaluating condo listings:

  • Location
  • Size
  • Price
  • Condition
  • Amenities
  • Developer’s reputation
  • Potential for resale

Importance of Property Inspections

Before making an offer on a condo, it’s crucial to have a thorough property inspection done by a professional. This can help uncover any potential issues with the unit that may not be visible during a walkthrough.

Having a property inspection done can save you from unexpected expenses and potential headaches in the future. It also gives you the opportunity to negotiate with the seller if any major issues are found during the inspection.

Developer’s Past Projects

When considering a condo listing, it can be helpful to research the developer’s past projects and their reputation in the industry. This can give you an idea of their track record for quality and timely delivery of projects. It may also provide insights into any potential issues with the building or management company.

In addition, if the developer has a successful track record, it may increase the potential resale value of the condo. This is because buyers may have more confidence in purchasing a unit from a reputable developer.

Make an Offer And Negotiate

Once you have found the perfect condo, it’s time to make an offer. This involves submitting a written proposal with your desired price and any conditions of the sale. Here are some important steps to keep in mind when making an offer:

  • Do your research: Before submitting your offer, do some market research to ensure that your proposed price is reasonable and in line with the current market value.
  • Include contingencies: Contingencies are conditions that must be met for the sale to proceed. This can include a satisfactory property inspection, obtaining financing, or selling your current home.
  • Consider a deposit: Including a deposit with your offer can show the seller that you are serious about purchasing the condo.
  • Be prepared for counteroffers: The seller may come back with a counteroffer, so be prepared to negotiate until both parties can reach an agreement.

Negotiation Strategies

Negotiating the price of a condo can be a delicate process, but it’s important to stay calm and focused on your goals. Here are some strategies that you can use during negotiations:

  • Set a maximum price that you are willing to pay for the condo and stick to it.
  • Be aware of the current real estate market in Montreal and use this knowledge to make informed decisions during negotiations.
  • If the seller is not willing to meet your desired price or conditions, be prepared to walk away from the deal. There will always be other condos on the market.
  • Avoid giving away too much information about your financial situation or how much you love the condo. This can weaken your negotiating position.

Need for legal representation during negotiations.

It’s crucial to have legal representation during negotiations when purchasing a condo in Montreal. A real estate lawyer can review your offer and ensure that all legal aspects are properly addressed. They can also advise you on any potential risks or issues that may arise during the negotiation process.

Having a lawyer on your side can provide peace of mind and help protect your interests as a buyer. They can also assist with drafting the purchase agreement and other legal documents required for the sale.

Secure Financing for your Condo Purchase

Once your offer has been accepted, it’s time to secure financing for your condo purchase. This typically involves obtaining a mortgage from a lender, such as a bank or credit union. The process for getting a mortgage approved in Montreal is similar to other cities in Canada.

Initially, you’ll have to furnish your lender with essential documents and information, which typically include proof of income, credit history, and specifics about the property. The lender will then evaluate your financial status to determine the amount they are willing to lend you for the condo purchase.

If approved for a mortgage, you will receive a commitment letter outlining the terms and conditions of the loan. It’s important to carefully review this letter and make sure you understand all aspects of the mortgage before signing.

Importance of Due Diligence

Certainly, “due diligence” pertains to the meticulous research and assessment conducted on a property prior to committing to a purchase. This step holds significant importance when considering the acquisition of a condominium in Montreal, as it aids in uncovering any possible concerns or liabilities associated with the property. Key components of due diligence encompass:

  • Reviewing condo documents such as the declaration of co-ownership and financial statements.
  • Checking for any liens on the property.
  • Understanding the rules and regulations set by the condo board.
  • Confirming the accuracy of property taxes and utility costs.

Financial Services for Condo Purchases

In addition to securing a mortgage, other financial services can assist with your condo purchase in Montreal. For example, some lenders offer pre-approval for mortgages, which can give you a better idea of how much you can afford and help streamline the purchasing process.

Closing the Deal

Closing the deal on your Montreal condo purchase can be an exciting and nerve-wracking process. This is the final step before you officially become a homeowner!

Legal Aspects of Closing a Condo Purchase

Closing a condo purchase involves several legal processes and documents that must be completed before the ownership is transferred from the seller to the buyer. These include:

  • Transfer of title: This refers to the transfer of ownership of the condo from the seller to the buyer.
  • Mortgage documents: If financing was obtained, all necessary mortgage documents must be signed and notarized.
  • Payment of fees: All closing costs, such as property transfer tax, legal fees, and any other applicable fees, must be paid.
  • Property insurance: It is important to have insurance in place before closing to protect your investment.

The Role of a Notary in Quebec’s Real Estate Transactions

In the province of Quebec, a notary plays a crucial role in real estate transactions. Unlike in other provinces where lawyers handle legal aspects of the purchase, notaries are responsible for conducting title searches, reviewing documents, and preparing all necessary paperwork for closing.

In addition to their legal duties, notaries also act as neutral third parties during the transaction and ensure that both parties’ interests are protected. They also handle the transfer of funds between the buyer and the seller.

Checklist for Closing a Condo Purchase

Here is a helpful checklist to ensure a smooth closing process for your Montreal condo purchase:

  • Obtain final mortgage approval from your lender.
  • Schedule a walkthrough of the condo with the seller to confirm its condition before closing.
  • Review all closing documents carefully with your notary and address any concerns.
  • Have all necessary funds, including the down payment and closing costs, ready for transfer.
  • Obtain property insurance and provide proof to your lender.
  • Attend the official signing of the purchasing documents with your notary present.

Moving In and Settling Down

Once you have successfully closed on your Montreal condo purchase, it’s time to move in and start making this new space your own. Here are some tips for a seamless transition:

  • Start packing early and make a list of all the items that need to be moved.
  • Consider hiring professional movers to help with the move. They have the expertise and equipment to make the process smoother and less stressful.
  • Make sure to update your address with all necessary organizations, such as banks, utilities, and government agencies.
  • Take some time to explore your new neighborhood and discover local services and resources that may be beneficial for newcomers.

For additional tips, read our moving blog.

Local services or resources for newcomers

Montreal is a vibrant and diverse city with a wealth of resources available for newcomers. Some helpful services to consider include:

  • Montreal International
  • Info-Crime Montreal
  • Public Transit Services
  • Local Community Centers

Explore the neighborhood

We hope this guide has provided you with valuable information on how to purchase a condo in Montreal. However, buying a home is not just about the property itself – it’s also about the neighborhood and community that surrounds it. We encourage you to explore your new neighborhood and discover all that it has to offer.

To help you get started, we have some articles on two popular Montreal neighborhoods, the up-and-coming Homa and the family-friendly Mercier. These articles will give you an insight into the unique characteristics and amenities of these areas, making it easier for you to decide which neighborhood is right for you.

Check out our article on Homa and Mercier to learn more about these vibrant neighborhoods and all they have to offer.


Purchasing a condo in Montreal can be an exhilarating and fulfilling experience, but it is crucial to approach it with thorough research and preparation. In this guide, we have covered the essential steps involved in buying a condo in Montreal, including understanding the local market, exploring financing options, and finalizing the purchase.

With its growing population and diverse offerings, Montreal’s real estate market presents great potential for homeowners and investors alike. By following the steps outlined in this guide and working closely with a trusted notary, you can turn your dream of owning a condo in Montreal into a reality.

We hope this guide has provided valuable information to anyone considering purchasing a condo in the city. If you have any further inquiries or need assistance with your condo purchase, please do not hesitate to contact us. Our team is always happy to assist you in any way we can.

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