Skip navigation
ShowSkip navigation
Navigation skipped

Special Offers

Your rate is guaranteed for 130 days with a BMO mortgage pre-approval.



Father, mother and young son playing football in their backyard.

Limited time offer!
$500 cash bonus±
with a new BMO mortgage

Get started Terms and conditions
Mother and young daughter smiling and playing together in their home.

Limited time offer!
5 Year Smart Fixed Mortgage
| APR7

Get started Learn more

$500 Cash bonus offer details

Apply and be approved for a new fixed rate BMO mortgage of $200,000 or more with a fixed rate closed term of four (4) years or longer between March 1st and June 30th, 2018.
Advance BMO mortgage funds by October 31st, 2018.
Make your mortgage payments from a BMO chequing account that has a Practical, Plus, Performance, AIR MILES®†, Premium or Bank Unlimited Plan.

We found a Mortgage Specialist near you

Connect with a Mortgage Specialist near you

Get expert insight in-person or over the phone, at your local branch, coffee shop or home — wherever works best.

Get a mortgage with BMO

Start your pre-approval and get expert advice

Terms & Conditions

†* Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. These interest rates and terms are subject to change without notice.
* APR. Available on the 5-year BMO Smart Fixed Mortgage (closed). The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for the regular 5-year fixed rate mortgage (closed) or the Homeowner ReadiLine®.
** APR. Available on the 10-year BMO Smart Fixed Mortgage (closed). The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for the regular 10-year fixed rate mortgage (closed) or the Homeowner ReadiLine®.
† The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application.
1. The interest rate for a fixed rate mortgage is calculated half-yearly, not in advance. The interest rate for a variable rate mortgage is calculated monthly, not in advance. The 3-year variable rate (open) term is equal to our Prime Rate + 1.20%, the 5-year variable posted rate (closed) term is equal to our Prime Rate + 0.15%. Interest rates are provided for informational purposes only and can change at any time without notice. The 3-year variable (open) interest rate is not applicable to the Homeowner ReadiLine. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.
2. Prepayment charges will apply if changing from a fixed rate mortgage to a variable rate mortgage.
3. A minimum 5% down payment is required for a purchase price of $500,000 or less. For a purchase price between $500,000 and $1 million, the minimum down payment is 5% on the first $500,000 and 10% on the balance. A home purchase price of greater than $1 million dollars is not eligible for mortgage default insurance and requires a minimum down payment of 20%.
4. The standard premium charged for a 90% and 95% loan-to-value ratio mortgage (as at March 17, 2017)
6. APR. Available on the 6-year BMO Fixed Mortgage (closed). The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for renewals of existing BMO mortgages.
7. APR. Available on the 5-year BMO Smart Fixed Mortgage (closed). The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for the regular 5-year fixed rate mortgage (closed) or the Homeowner ReadiLine®. This offer is not available for renewals of existing BMO mortgages.
Note: The cost of default insurance is subject to change if the purchase price or appraised value, the amount of down payment or the amortization changes. The final premium and the cost of your mortgage default insurance will be disclosed in your mortgage commitment/loan document. ® Registered trade-marks of Bank of Montreal.
Personal lending products and residential mortgages are offered by the Bank of Montreal and are subject to its standard lending criteria. Some conditions apply. Special Offers are discounted rates and are not the posted rates of the Bank of Montreal. Specials Offers may be changed, withdrawn or extended at any time, without notice.

Bring your Mortgage to BMO Cash Offer

Terms & Conditions:
1a. $500.00 Offer: Apply and be approved for a transfer of your existing mortgage from another financial institution into a new BMO fixed or variable rate mortgage of $100,000.00 - $249,999.99 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) before or on October 31st 2017;
OR
1b. $1,000.00 Offer: Apply and be approved for a transfer of your existing mortgage from another financial institution into a new BMO fixed or variable rate mortgage of $250,000.00 - $499,999.99 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) before or on October 31st 2017;
OR
1c. $1,500.00 Offer: Apply and be approved for a transfer of your existing mortgage from another financial institution into a new BMO fixed or variable rate mortgage of $500,000.00 or more with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) before or on October 31st 2017;
AND
2. The BMO mortgage funds must be advanced by January 31st 2018
AND
3a. Open a BMO Canadian Dollar Primary Chequing Account (a “Chequing Account”) with a Practical, Plus, Performance, AIR MILES®† or Premium Plan (each an “Eligible Plan”) and set up the Chequing Account as the funding account for the BMO Mortgage;
OR
3b. Set up an existing Chequing Account with an Eligible Plan as the funding account for the BMO Mortgage.

Exclusions:

1. The following customers are not eligible for the offers:
  • Customers who obtain a new mortgage that was not transferred from another financial institution
  • Customers who renew or refinance an existing BMO mortgage
  • Employees of Bank of Montreal and those with whom such employees are domiciled
2. Customers who receive non-standard pricing or have appraisal, title insurance, or legal fees reversed will not be eligible for the cash offer.
All applications are subject to meeting Bank of Montreal’s usual credit criteria.
Limit of one (1) $500.00 or $1,000.00 or $1,500.00 cash payment per customer. Customers who obtain a joint BMO Mortgage will only qualify to receive one (1) $500.00 or $1,000.00 or $1,500.00 cash payment between them. The Chequing Account must be in the same name(s) as the BMO Mortgage.
The cash payment will be deposited to the Chequing Account approximately sixty (60) days after the mortgage funds have been advanced. Your Chequing Account and BMO Mortgage must remain open and in good standing for at least 60 days after funding of the BMO Mortgage, to remain eligible.
This offer cannot be combined with any other offer, promotion (except the EDB Summer offer) or discounted banking programs; e.g. Kids, Teens, and Students/Recent Graduates.
This offer may be changed, withdrawn or extended at any time without notice.
®* Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal

First Time Homebuyer Cash Offer

Terms & Conditions:
1a. $500.00 Offer: Apply and be approved for a new BMO fixed or variable rate mortgage of $100,000.00 - $249,999.99 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) before or on October 31st, 2017
OR
1b. $1,000.00 Offer: Apply and be approved for a new BMO fixed or variable rate mortgage of $250,000.00-$499,999.99 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) before or on October 31st, 2017
OR
1c. $1,500.00 Offer: Apply and be approved for a new BMO fixed or variable rate mortgage of $500,000.00 or more with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) before or on October 31st, 2017
AND
2. The BMO Mortgage funds must be advanced by January 31, 2018.
AND
3.The BMO Mortgage must require mortgage default insurance and default insurance must have been obtained.
AND
4a. Open a BMO Canadian Dollar Primary Chequing Account (a “Chequing Account”) with a Practical, Plus, Performance, AIR MILES®†, Premium or Bank Unlimited Plan (each an “Eligible Plan”) and set up the Chequing Account as the funding account for the BMO Mortgage;
OR
4b. Set up an existing Chequing Account with an Eligible Plan as the funding account for the BMO Mortgage.

Exclusions:

1. The following customers are not eligible for the offers:
  • Customers who have an existing mortgage with BMO
  • Customers who are transferring a mortgage from another financial institution
  • Customers who have previously held a mortgage
  • Employees of Bank of Montreal and those with whom such employees are domiciled
  • Customers who receive non-standard pricing or have appraisal, title insurance, or legal fees reversed will not be eligible for the cash offer
All applications are subject to meeting Bank of Montreal’s usual credit criteria.
Limit of one (1) $500.00 or $1,000.00 or $1,500.00 cash payment per customer. Customers who obtain a joint BMO Mortgage will only qualify to receive one (1) $500.00 or $1,000.00 or $1,500.00 cash payment between them. The Chequing Account must be in the same name(s) as the BMO Mortgage. The cash payment will be deposited to the Chequing Account approximately sixty (60) days after the mortgage funds have been advanced. Your Chequing Account and BMO Mortgage must remain open and in good standing for at least 60 days after funding of the BMO Mortgage, to remain eligible.
This offer cannot be combined with any other offer, promotion (except the EDB Summer Offer) or discounted banking programs; e.g. Kids, Teens, and Students/Recent Graduates.
This offer may be changed, withdrawn or extended at any time without notice.
®* Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal

2017 Summer Banking Offer

Terms and Conditions:
From July 4, 2017 – September 30, 2017, earn up to $350.00 in cash bonuses when you (1) open a new Primary Chequing Account (the “Chequing Account Offer”; up to $300.00 cash bonus) AND (2) apply and are approved for a new Eligible BMO Credit Card (defined below) (the “Credit Card Offer”; an additional $50.00 cash bonus).
Chequing Account Offer:
To qualify for the Chequing Account Offer (up to $300.00 cash bonus) you must:
1. Open a new Canadian Dollar Primary Chequing Account (the “Chequing Account”) with a new:
  • Plus Plan: and be eligible for a $100.00 cash bonus; or
  • Performance Plan: and be eligible for a $200.00 cash bonus; or
  • Premium Plan: and be eligible for a $300.00 cash bonus (each an “Eligible Plan”) by September 30, 2017; and keep the Chequing Account open, in good standing (for example, your Chequing Account must not be in an unauthorized overdraft), and remain in an Eligible Plan until September 30, 2018.
Eligible Plans as part of the Senior and Registered Disability Savings Plan (discounted banking programs) also qualify for the offer.
AND
2. Make a deposit of any amount to the Chequing Account by September 30, 2017;
AND
3. Set up one (1) recurring direct deposit from your employer or your pension and have at least one (1) direct deposit transaction appear for at least three (3) consecutive monnths in the Chequing Account no later than January 31, 2018.
Credit Card Offer
To qualify for the Credit Card Offer (additional $50.00 cash bonus), you must:
1. Meet all the requirements listed above in the Chequing Account Offer;
AND
2. Apply and be approved for a new:
  • BMO® CashBack® Mastercard®*; or
  • BMO CashBack World Mastercard®*1; or
  • BMO CashBack World Elite®* Mastercard2; or
  • BMO AIR MILES®† Mastercard; or
  • BMO AIR MILES World Mastercard1; or
  • BMO AIR MILES World Elite Mastercard2; or
  • BMO Rewards® Mastercard; or
  • BMO World Elite Mastercard2; or
  • BMO Preferred Rate Mastercard; or
  • BMO U.S. Dollar Mastercard (each an “Eligible BMO Credit Card”) from July 4, 2017 - September 30, 2017.
AND
3. Make at least one (1) payment to your Eligible Credit Card from your Chequing Account by November 30, 2017.
Exclusions:
  • Customers who have an existing Canadian or U.S. Dollar Primary Chequing Account, Canadian or U.S. Dollar Interest Chequing Account, BMO Sobeys AIR MILES®† Chequing Account, BMO Club Sobeys Chequing Account, BMO IGA AIR MILES Chequing Account (each an “Existing Account”) are not eligible.
  • Customers who closed their Existing Account between January 1, 2017 – September 30, 2017, and subsequently open a new Chequing Account are not eligible.
  • Joint Accounts: If two customers open a joint Chequing Account, no bonus will be paid if either customer has an Existing Account or closes their Existing Account between January 1, 2017 – September 30, 2017, and subsequently opens a new Chequing Account.
  • Customers who have an existing BMO Credit Card as of July 3, 2017, and apply for, or switch to an Eligible BMO Credit Card are not eligible for the Credit Card Offer.
  • Employees of Bank of Montreal and those with whom such employees are domiciled.
Other: Limit of one (1) Chequing Account Offer per Eligible Plan, per customer and one (1) Credit Card Offer per customer. Customers who share an Eligible Plan or open a joint account(s) will only qualify to receive one (1) Chequing Account Offer and one (1) Credit Card Offer (each a “Cash Bonus”).
To remain eligible, your Chequing Account must be open, in an Eligible Plan, and be in good standing (for example, your Chequing Account must not be in an unauthorized overdraft) at the time the Cash Bonus is paid. If you change between Eligible Plans before the Cash Bonus is paid, the Cash Bonus for the Chequing Account Offer will be determined by the Eligible Plan with the lower Cash Bonus amount. If you change to a Plan other than an Eligible Plan, you will no longer qualify for the Chequing Account Offer. If you qualify for the Credit Card Offer your Eligible Credit Card, must be open and in good standing at the time the Cash Bonus is paid. The Cash Bonus(es) will be paid to the Chequing Account of eligible customers by March 31, 2018.
You must keep your Chequing Account open and remain in an Eligible Plan until September 30, 2018. Customers who close their Chequing Account or change to a Plan other than an Eligible Plan before September 30, 2018, will no longer be eligible for the Cash Bonus. If you close the Chequing Account before September 30, 2018, you agree that you are obligated to return forthwith any Cash Bonus you received. Bank of Montreal reserves the right, in its sole and absolute discretion, to withdraw the full amount of the Cash Bonus from the Chequing Account.
These offers cannot be combined with any other offer or promotion or discounted banking programs, except provided otherwise in these terms and conditions, including Kids, Teens, Students/Recent Graduates, BMO Perks at Work, BMO NewStart™ and Canadian Defence Community Banking.
Offers may be changed, withdrawn, or extended at any time without notice.
1You must have a minimum $60,000.00 annual personal or $100,000.00 annual household income to be eligible to apply for the BMO CashBack World Mastercard or BMO AIR MILES World Mastercard.
2You must have a minimum $80,000.00 annual personal or $150,000.00 annual household income to be eligible to apply for the BMO CashBack World Elite Mastercard, BMO AIR MILES World Elite Mastercard or BMO World Elite Mastercard.
®* Mastercard, Mastercard World, and World Elite are registered trademarks and the circles design is a trademark of Mastercard International Incorporated. Used under license
®† Registered trademark of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal.
® Trademarks of Bank of Montreal.

Get expert advice and start your pre-approval

Here's how:

Talk to a Mortgage Specialist

Get expert insight in person, by phone, or by email

Schedule a call

Complete a short form and we’ll call you within 24 hours

Visit us

Book an appointment at a BMO branch to discuss your mortgage options

We’ve found a Mobile Mortgage Specialist near you

Get expert insight in-person or over the phone, at your local branch, coffee shop or home — wherever works best.

Email

We have sent the email. Thank you.

Oops! Something went wrong

How would you like to be contacted?
Are you currently working with a realtor?