Best Rates in Quebec

Updated: July 2, 2026. Compare top lenders in Quebec to find your perfect match.

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Current Mortgage Rates in Quebec

Live as of: July 2, 2026 | Quebec

Customize your mortgage scenario

Adjust the purchase price, down payment, amortization, and payment frequency to see how your estimated mortgage payments change across the rate options below.

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Yrs
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Tip: Use the filter to compare payment impact quickly. Even a small rate difference can change your estimated payment and total interest over time.
True North Mortgage Inc
2.49%
Interest Rate
6 Months • Fixed
6-Month Fixed Closed
Payment & Interest Estimate
Est. Monthly Payment $1,277
Interest in 5 years $32,860
Interest over 6 Months $3,527
Inquire
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted... Show more
Nesto
3.40%
Interest Rate
5 Years • Variable
5 Year Variable Mortgage
Payment & Interest Estimate
Est. Monthly Payment $1,412
Interest in 5 years $45,248
Inquire
Commission-free mortgage experts providing honest advice and competitive rates through a 100% d... Show more
True North Mortgage Inc
3.49%
Interest Rate
5 Years • Variable
5-Year Variable Closed
Payment & Interest Estimate
Est. Monthly Payment $1,425
Interest in 5 years $46,483
Inquire
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted... Show more
Nesto
3.57%
Interest Rate
5 Years • Variable
5 Year Variable Mortgage (150 Day Lock)
Payment & Interest Estimate
Est. Monthly Payment $1,437
Interest in 5 years $47,581
Inquire
nesto provides you with the best available locking period in the mortgage industry (150 Days).
EQ Bank
3.60%
Interest Rate
5 Years • Variable
5 Year Adjustable Mortgage - Evolution Suite
Payment & Interest Estimate
Est. Monthly Payment $1,442
Interest in 5 years $47,994
Inquire
Equitable Bank offers flexible mortgage solutions with competitive rates, designed to help you ... Show more
Updating rates...
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Market Dynamics

Understanding Rates in Quebec

Mortgage rates in Quebec are driven by two main forces: Bond Yields (Fixed) and Central Bank Policy (Variable).

Variable: Floating
Fixed: Bond Driven

Bank of Canada Impact

Variable rates in Quebec are directly linked to the Prime Rate. If the economy slows, rates often drop to stimulate growth—saving you money immediately.

The "Spread" Strategy

Smart borrowers in Quebec watch the gap between Fixed and Variable. When fixed rates dip lower than variable, it is often a signal to lock in stability.

Hidden Costs of Buying in Quebec

Beyond the mortgage rate, ensure you budget for these closing items.

Land Transfer Tax

Quebec charges a provincial tax based on the property value. First-time buyers may get a rebate.

Legal Fees

Expect to pay between $800 and $1,500 for a lawyer in Quebec to handle the title transfer and mortgage registration.

Appraisal

Lenders in Quebec may require a professional appraisal ($300-$500) to confirm the home's value matches the loan.

Quebec Mortgage Hack

Maximize Your Pre-Payment Privileges

Did you know? Most lenders in Quebec allow you to pay down 10-20% of your mortgage annually without penalty.

Reduce Interest Costs
Shorten Amortization
Build Equity Faster
Calculate Savings

Best Rates by Province

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Quebec Mortgage Insights

Expert answers to common questions from borrowers in your area.

It allows you to extend your term early and blend your old rate with the new market rate. It avoids an immediate penalty but might not be the lowest mathematical cost.

Typically 90 to 120 days. This protects you against rate hikes while you shop for a home in Quebec.

Yes. If your tax returns show lower income, 'Stated Income' programs exist, though they usually require a larger down payment (e.g., 10-20%).

Yes! Most lenders in Quebec allow 'Pre-payment Privileges'—typically letting you pay down 10-20% of the original balance each year penalty-free.

Yes, as long as the property is year-round accessible (Type A). Seasonal (Type B) cottages often require higher down payments.

Yes, immediate family members can gift you the down payment. Lenders will require a 'Gift Letter' confirming the money does not need to be repaid.