Balanced Market

Mortgage Rates in Quebec

Quebec offers some of Canada's most affordable major city real estate with Montreal averaging under $550K. Quebec has unique civil law mortgage rules and its own regulatory environment.

Avg Home Price

$480,000

Benchmark Price

$455,000

Year-Over-Year

↑ 1.8%

Best 5-Yr Fixed

4.89%

Today's Best Rates in QC

📅 Page updated: July 9, 2026·⚡ Rate data: May 25, 2026·Methodology

Rate Type	Best Rate	Monthly Payment*	Term
5-Year Fixed	4.89%	~$2,301/mo	5 Years
5-Year Variable	5.45%	~$2,430/mo	5 Years
3-Year Fixed	4.74%	~$2,268/mo	3 Years
2-Year Fixed	5.1%	~$2,349/mo	2 Years
HELOC	6.2%	~$2,583/mo (interest only)	Revolving

*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.

Bank vs. Broker Rate Comparison

See how Big 6 posted rates stack up against the best broker rates available in Quebec.

Lender	Type	5-Yr Fixed	3-Yr Fixed	5-Yr Variable	Action
National Bank	Bank	4.43%	4.44%	4.49%	Get Quote →
CIBC	Bank	4.51%	4.51%	4.12%	Get Quote →
RBC Royal Bank	Bank	4.62%	4.43%	3.98%	Get Quote →
BMO	Bank	4.76%	4.67%	4.12%	Get Quote →
TD Bank	Bank	4.96%	4.72%	4.31%	Get Quote →
Scotiabank	Bank	6.09%	6.05%	4.90%	Get Quote →
TOPTop Broker 🏆	Broker	4.89%	4.74%	5.45%	Get My Rate →

Bank rates shown are posted rates sourced from Bank of Canada. Actual rates may vary. Broker rates reflect best available insured rates from 50+ lenders. Last updated: May 25, 2026.

Land Transfer Tax in Quebec

Montreal first-time buyer rebate up to $5,000

First-Time Buyer Programs in Quebec

First Home Savings Account (FHSA)
RRSP Home Buyers Plan
CMHC Mortgage Insurance

Mortgage Rates by City in Quebec

Montreal

Avg $540,000

+2.1%

Quebec City

Avg $320,000

+1.8%

Laval

Avg $480,000

+1.4%

Gatineau

Avg $380,000

+1.6%

Longueuil

Avg $430,000

+1.2%

Frequently Asked Questions

What is the Welcome Tax in Quebec?

Quebec's land transfer tax is called the Welcome Tax (taxe de bienvenue). Rates range from 0.5% to 1.5% of the property value, with Montreal charging an additional municipal rate on higher-value properties.

What is the average home price in Quebec?

The average home price in Quebec is approximately $480,000, with Montreal averaging around $540,000 and Quebec City around $320,000.

Are mortgage rules different in Quebec?

Quebec uses civil law rather than common law, which affects mortgage documentation and the foreclosure process. Quebec uses a 'hypothec' instead of a mortgage, but the practical process for buyers is similar.

What programs help first-time buyers in Quebec?

Quebec first-time buyers can access the federal FHSA, the Home Buyers Plan, CMHC insurance, and Montreal's first-time buyer rebate of up to $5,000 for eligible purchasers.

Should I get a mortgage in French or English in Quebec?

All mortgage documents in Quebec must be available in French under the Charter of the French Language. Most major lenders and brokers serve clients in both official languages.

Is Montreal real estate a good investment?

Montreal has seen steady appreciation with lower prices than Toronto or Vancouver, making it attractive for investors. The city's growing tech sector and student population support strong rental demand.

How do mortgage brokers work in Quebec?

Quebec mortgage brokers are licensed by the AMF (Autorité des marchés financiers). They can shop your application to multiple lenders and their service is free to borrowers.

What credit score do I need for a mortgage in Quebec?

Most Quebec lenders require a minimum 680 credit score for the best rates. Quebec's Desjardins credit union is a major mortgage lender unique to the province.

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