Quebec Mortgage Rates

THINK great rates and a better mortgage in Quebec.

True North Mortgage operates in this province as THINK Financial, our in-house, CMHC-approved mortgage lender. We do not offer brokerage services in Quebec, but we do offer exclusive access to THINK Financial's great rates and fully featured products.

Apply with THINK Financial today to help lift your savings and reach your financial goals!

THINK Financial offers fixed and variable rate mortgages:

• Low fixed-rate 6-month and 1-year Rate Relief™ products
• Industry-best fixed and variable rate mortgages from 6-month to 5-year terms
• All mortgages come fully-featured with fewer fees, no made-up fees, and less costly pre-payment penalties than many big banks
• The lowest open variable-rate mortgage in Canada (No Commitment™ Mortgage)
  
• Easy to manage your mortgage online and make changes

You'll still get an exceptional mortgage experience through a True North Mortgage expert who specializes in Quebec mortgages.

We put you first to answer all your questions and provide a seamless process from the beginning to walking through your own front door (or getting a great renewal option).

The service you need to save thousands over the life of your mortgage.

Our highly trained mortgage experts help make your mortgage process through THINK Financial simple and stress-free.

Like features? So do we. We offer exceptional pre-payment privileges, lower payout penalties compared to the big bank, and many other convenient options, depending on your needs and specific mortgage details:

• Portability (government and lender restrictions may apply)
• Recast your payments after a lump sum
• Free payment frequency changes
• No hidden fees

Apply with THINK Financial today, or talk to your mortgage expert at the phone number above.

A province steeped in history: Quebec housing market remains resilient.

In June 2025, Quebec's housing market continued to surge, with a substantial 11.6% increase in home sales compared to June 2024.

All of the major markets in this province boasted sales growth, with Sherbrooke leading the way with an impressive 28%, followed by Montreal at 11.8%, Gatineau at 11.3%, Saguenay at 10.6%, Trois-Rivieres at 5.5%, and Quebec City at 4.6%.

The bustling housing activity is driving up Quebec's provincial average home price, with June seeing an 8.2% increase to $544,056. Trois-Rivieres and Quebec City led this trend, with home prices rising by 22.5% and 13.2%, respectively. Other Quebec markets recorded average home price gains ranging from 9.5% in Saguenay to 4.4% in Sherbrooke.

Quebec remained a predominantly seller's market, with an SNLR (sales-to-new-listings ratio) of 68%, seeing strong ratios in areas such as Saguenay (99%), Quebec City (83%), Sherbrooke (78%), Trois-Rivieres (74%), and Montreal (64%). Gatineau completes the provincial seller's market club with a 62% SNLR.

Lower mortgage rates and improved qualification rules likely contributed to Quebec's vigorous housing activity this month. Will the momentum persist into Fall 2025, despite a U.S. trade war?

Data source: Sagen Housing Market Updates