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 May 2025, Quebec's housing market continued to surge, with a substantial 13.2% increase in home sales compared to May 2024.

All of the major markets in this province boasted sales growth, with Sherbrooke leading the way at a robust 44.2%, followed by Saguenay at 39.3%, Gatineau at 18.3%, Montreal at 13.3%, Quebec City at 10.4%, and Trois-Rivières at 2.6%.

The bustling housing activity is driving up Quebec's provincial average home price, with May seeing an 8.5% increase to $539,721. Saguenay and Quebec City led this trend, with home prices rising by 23% and 15%. Other Quebec markets recorded average home price increases ranging from 8.9% to 6.9%.

Quebec remained a predominantly seller's market, with an SNLR (sales-to-new-listings ratio) of 65%, seeing higher numbers in areas such as Saguenay (91%), Quebec City (82%), Trois-Rivieres (80%), Sherbrooke (79%), and Montreal (63%). Gatineau remains in a balanced market with a 56% SNLR.

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

Data source: Sagen Housing Market Updates