Cost of Living in Montreal, Quebec, Canada

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Cost of living in Montreal

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2008 Housing Prices

Type	Price	Qualifying Household Income*
Standard Two-Storey	$300,981	$78,734
Detached Bungalow	$231,939	$61,319
Townhouse	$206,581	$54,394
Condo	$195,651	$50,769
* Based on a 25% down payment and a 25-year mortgage loan at a five-year fixed rate -excluding maintenance fees. Source: RBC. March, 2008.

Date	Average House Price*
January-July 2006	$214,661
January-July 2007	$226,556
* Based on properties sold through the Multiple Listing Service. Source: Canadian Real Estate Association. 2007.

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

2006 Average expenditure per household

Concept	Annual Amount
Food	$7,092
Shelter	$11,121
Household Operation	$2,718
Transportation	$6,882
Personal Income Taxes	$12,436
Source: Statistics Canada. 2008.

Public Transportation

Type	Ticket	Monthly Pass
Regular	$2.75	$66.25
Reduced	$1.75	$36.00
Source: Societe de transport de Montreal (STM). 2008.

2005 Average Car Insurance in Quebec
N/A

2007 Minimum Wage
$8 per hour

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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