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Cost of living in Montreal

 

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2009 Housing Prices
 

Type

Price

Qualifying Household Income*

Standard Two-Storey

 $303,200 $76,500

Detached Bungalow

 $236,700 $60,500

Townhouse

 $206,600 $52,800

Condo

 $196,700 $49,400

* Based on a 25% down payment and a 25-year mortgage loan at a five-year fixed rate -excluding maintenance fees.
Source: RBC. April, 2009.

 

Date

Average House Price

2008 Forecast

$257,000

2009 Projected

$254,400
Source: Royal LePage. 2009.

According to the International Housing Affordability Survey 2009, Montreal was ranked at 182 out of 265 cities in six countries, so it's less affordable than Orlando (ranked at 162 place).
 

¤ Calgary

¤ Edmonton

¤ Ottawa

¤ Saskatoon

¤ Toronto

¤ Vancouver

¤ Winnipeg

 

 

Average Rent for Two-Bedroom Apartments in 2007
$647.00 per month
 Source: Canada Mortgage and Housing Corporation. 2007.
 

 

2007 Average expenditure per household
 

Concept

Annual Amount

Food

$7,558

Shelter

$11,416

Household Operation

$2,611

Transportation

 $6,861

Personal Income Taxes

$13,103

Source: Statistics Canada. 2008.

 

Public Transportation

Type

Ticket

Monthly Pass

Regular

$2.75

$68.50

Reduced

$1.75

$37.00

Source: Societe de transport de Montreal (STM). 2009.

 

2005 Average Car Insurance in Quebec
N/A
 

2009 Minimum Wage
$8.50 per hour

non-immigrant and immigrant FAMILY INCOME in montreal
 

Family Type

Median Family Income

2000

2005

Non-immigrant

 $65,095 $68,430

Immigrant

 $50,733 $49,257
Difference 14,362 $19,173

Source: Statistics Canada, 2008.

 

Consumption Taxes
In Montreal, two different taxes are applied to products and services. The federal Goods and Services Tax (GST) is 6%, while the Quebec Sales Tax (QST) is set at 7.5% and applies to the selling price including the GST. Some items including groceries, restaurant meals, and books are PST exempt.
 

 

 

2007 Federal Personal Income Tax

Net Income

Tax

Basic Personal Amount

0%

Up to $37,885

15%

Up to $72,769

22%

Up to $123,184

26%

Over $123,184

29%

Source: Canada Revenue Agency. 2008.

 

    

 

 

2006 Provincial Income Tax
 

Net Income

Tax

Basic Personal Amount

0%

Up to $28,710

16%

Up to $57,430

20%

Over $57,430

24%

Source: Quebec Government. 2006

 

    
   

2006 TOTAL VIOLENT Crime Rate
818 per 100,000 population.
 

    
   

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