Getting the best mortgage rate in Montreal might save you tens of thousands of dollars over the course of your loan. This means that you will have more money to invest, save for the future, and handle your monthly needs after making your monthly mortgage payments.



With a pre-approved rate of 2.5 percent, you can afford to buy a house in Montreal for $514,868, which is the city's average price. You missed out on a 2.3 percent mortgage rate since you didn't shop around and compare rates at the time you found your mortgage. Not looking around for a better mortgage rate costs you $5018 in interest over the course of the loan's five-year term.