BMO Bank of Montreal
BMO Bank of Montreal mortgage rates — and how to beat the posted rate.
BMO Bank of Montreal’s broker-channel rate is typically 15-30 bps below the rate you’d see walking into a branch. We access it as an FSRA-licensed brokerage — and compare it against 50+ lenders so you get the best fit, not just one bank’s sheet.
Rates as of May 13, 2026 · source: editorial rate registry. Personalized rate depends on your file. O.A.C.
5-year fixed
4.19%
Best in our network
5-year variable
4.04%
Best in our network
3-year fixed
4.39%
Best in our network
About BMO Bank of Montreal (a broker’s view)
Canada's oldest bank. Competitive on standard A-lender purchase and renewal. The BMO NewStart newcomer program is one of the most accessible for PRs and work-permit holders in the Big-6.
- BMO NewStart newcomer program
- Standard A-lender purchase
- Strong Quebec presence
- Bilingual French support
BMO Bank of Montreal mortgage rates — FAQ
What are BMO Bank of Montreal's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access BMO Bank of Montreal's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
Is BMO Bank of Montreal a good mortgage lender?
Canada's oldest bank. Competitive on standard A-lender purchase and renewal. The BMO NewStart newcomer program is one of the most accessible for PRs and work-permit holders in the Big-6.
Can I get a lower rate than BMO Bank of Montreal's posted rate?
Usually, yes. BMO Bank of Montreal's broker-channel rate is typically lower than the walk-in rate, and we also compare BMO Bank of Montreal against 50+ other Canadian lenders — sometimes another lender prices your specific file better. We shop all of them on one application.
Does BMO Bank of Montreal offer rate holds?
Yes — like all major Canadian lenders, BMO Bank of Montreal offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to BMO Bank of Montreal for a real underwritten pre-approval.
How do I apply for a BMO Bank of Montreal mortgage?
Through a licensed broker you reach BMO Bank of Montreal's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to BMO Bank of Montreal — and compare it against the rest of the network — with no bureau pull to begin.