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Then, we pass along our volume discount to help lower your rate. Even a fraction lower can make a big difference over the long term.
It's true, we may be able to lower your rate with your current lender. In fact, our rates are 0.20% better on average compared to the competition. Plus, our service is free and comes with no obligation.
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Learn MoreContinually updated. Will we see more rate cuts this year? CEO Dan Eisner offers some…
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For Quebec - Last Updated Jun 14 2024
2024 (average)
4.79%
5.47%
May
4.74%
5.39%
April
4.74%
5.39%
March
4.74%
5.39%
February
4.84%
5.49%
January
4.89%
5.69%
2023 (average)
5.02%
5.59%
December
5.13%
6.02%
November
5.46%
6.19%
October
5.62%
6.12%
September
5.54%
5.94%
August
5.32%
5.84%
July
5.08%
5.72%
June
4.82%
5.29%
May
4.47%
4.97%
April
4.64%
5.19%
March
4.69%
5.19%
February
4.89%
5.19%
January
4.59%
5.39%
2022 (average)
4.05%
4.52%
December
4.69%
5.39%
November
5.01%
5.39%
October
5.08%
5.37%
September
4.59%
5.27%
August
4.34%
5.29%
July
4.52%
5.22%
June
4.52%
4.90%
May
3.86%
4.17%
April
3.77%
3.94%
March
3.10%
3.48%
February
2.65%
2.97%
January
2.49%
2.79%
2021 (average)
1.87%
2.16%
December
2.34%
2.74%
November
2.34%
2.59%
October
2.04%
2.38%
September
1.84%
2.09%
August
1.79%
2.09%
July
1.79%
2.09%
June
1.79%
2.09%
May
1.79%
2.09%
April
1.84%
2.09%
March
1.84%
2.09%
February
1.57%
1.87%
January
1.42%
1.76%
2020 (average)
2.04%
2.39%
December
1.49%
1.79%
November
1.49%
1.89%
October
1.59%
1.89%
September
1.67%
1.97%
August
1.74%
2.09%
July
2.02%
2.47%
June
2.02%
2.47%
May
2.29%
2.64%
April
2.47%
2.76%
March
2.53%
2.80%
February
2.49%
2.89%
January
2.69%
3.04%
2019 (average)
2.80%
3.09%
December
2.70%
2.93%
November
2.39%
2.84%
October
2.57%
2.79%
September
2.52%
2.77%
August
2.39%
2.74%
July
2.50%
2.84%
June
2.94%
3.14%
May
2.82%
3.12%
April
3.09%
3.39%
March
3.09%
3.39%
February
3.27%
3.59%
January
3.39%
3.59%
2018 (average)
3.24%
3.45%
December
3.79%
3.82%
November
3.39%
3.59%
October
3.31%
3.59%
September
3.17%
3.54%
August
3.17%
3.54%
July
3.17%
3.54%
June
3.14%
3.44%
May
3.22%
3.44%
April
3.14%
3.27%
March
3.14%
3.27%
February
3.14%
3.27%
January
3.14%
3.14%
2017 (average)
2.61%
2.80%
December
3.07%
3.09%
November
2.77%
3.09%
October
2.86%
2.92%
September
2.86%
2.92%
August
2.64%
2.89%
July
2.56%
2.84%
June
2.24%
2.54%
May
2.39%
2.63%
April
2.49%
2.64%
March
2.49%
2.69%
February
2.49%
2.69%
January
2.49%
2.69%
2016 (average)
2.37%
2.55%
December
2.49%
2.69%
November
2.32%
2.47%
October
2.17%
2.32%
September
2.29%
2.49%
August
2.29%
2.49%
July
2.29%
2.49%
June
2.29%
2.49%
May
2.34%
2.59%
April
2.44%
2.62%
March
2.44%
2.62%
February
2.52%
2.67%
January
2.61%
2.71%
2015 (average)
2.54%
2.68%
December
2.52%
2.70%
November
2.52%
2.70%
October
2.47%
2.59%
September
2.39%
2.59%
August
2.39%
2.59%
July
2.44%
2.64%
June
2.49%
2.69%
May
2.64%
2.69%
April
2.64%
2.69%
March
2.64%
2.74%
February
2.64%
2.74%
January
2.73%
2.80%
2014 (average)
2.98%
3.04%
December
2.77%
2.94%
November
2.84%
2.89%
October
2.84%
2.89%
September
2.84%
2.89%
August
2.84%
2.89%
July
2.92%
3.00%
June
2.92%
3.00%
May
2.92%
3.00%
April
3.01%
3.07%
March
3.19%
3.19%
February
3.29%
3.29%
January
3.35%
3.45%
2024 (average)
6.05%
6.90%
May
6.05%
6.90%
April
6.05%
6.90%
March
6.05%
6.90%
February
6.05%
6.90%
January
6.05%
6.90%
2023 (average)
5.85%
6.54%
December
6.05%
6.90%
November
6.05%
6.90%
October
6.05%
6.90%
September
6.10%
6.90%
August
6.10%
6.90%
July
6.10%
6.90%
June
5.82%
6.48%
May
5.60%
6.15%
April
5.55%
6.15%
March
5.70%
6.15%
February
5.55%
6.15%
January
5.53%
6.03%
2022 (average)
2.89%
3.64%
December
4.80%
5.40%
November
4.80%
5.40%
October
4.63%
5.23%
September
4.30%
5.05%
August
3.55%
4.40%
July
3.55%
4.25%
June
2.55%
3.10%
May
2.05%
2.60%
April
1.72%
2.15%
March
1.32%
1.82%
February
1.05%
1.45%
January
1.04%
1.49%
2021 (average)
1.15%
1.39%
December
1.15%
1.38%
November
0.90%
1.35%
October
1.09%
1.34%
September
1.09%
1.30%
August
1.15%
1.35%
July
1.15%
1.33%
June
1.20%
1.35%
May
1.20%
1.43%
April
1.20%
1.43%
March
1.20%
1.43%
February
1.20%
1.43%
January
1.28%
1.60%
2020 (average)
1.92%
2.21%
December
1.43%
1.72%
November
1.50%
1.80%
October
1.50%
1.80%
September
1.60%
1.80%
August
1.60%
1.85%
July
1.85%
2.13%
June
1.85%
2.13%
May
2.07%
2.30%
April
2.07%
2.30%
March
2.21%
2.59%
February
2.65%
3.00%
January
2.70%
3.05%
2019 (average)
2.76%
3.00%
December
2.78%
2.98%
November
2.50%
2.95%
October
2.70%
2.95%
September
2.70%
2.95%
August
2.70%
2.95%
July
2.70%
2.95%
June
3.35%
3.35%
May
2.70%
3.00%
April
2.75%
3.00%
March
2.75%
3.00%
February
2.75%
3.00%
January
2.79%
2.96%
2018 (average)
2.45%
2.77%
December
3.20%
3.23%
November
2.71%
2.90%
October
2.71%
2.90%
September
2.46%
2.77%
August
2.46%
2.77%
July
2.46%
2.77%
June
2.21%
2.55%
May
2.21%
2.60%
April
2.21%
2.70%
March
2.21%
2.70%
February
2.21%
2.70%
January
2.30%
2.70%
2017 (average)
2.01%
2.35%
December
2.30%
2.45%
November
2.02%
2.45%
October
2.25%
2.56%
September
2.25%
2.56%
August
1.95%
2.40%
July
1.92%
2.22%
June
1.85%
2.18%
May
1.85%
2.18%
April
1.90%
2.30%
March
1.90%
2.30%
February
1.90%
2.30%
January
2.00%
2.30%
2016 (average)
2.08%
2.26%
December
2.05%
2.23%
November
2.01%
2.19%
October
2.01%
2.19%
September
2.01%
2.19%
August
2.01%
2.19%
July
2.01%
2.19%
June
2.01%
2.19%
May
2.15%
2.35%
April
2.20%
2.35%
March
2.20%
2.35%
February
2.15%
2.35%
January
2.22%
2.35%
2015 (average)
2.01%
2.16%
December
2.10%
2.25%
November
2.03%
2.15%
October
1.95%
2.05%
September
1.95%
2.05%
August
1.85%
2.05%
July
1.88%
2.05%
June
2.03%
2.20%
May
2.05%
2.20%
April
2.05%
2.20%
March
2.05%
2.20%
February
2.05%
2.20%
January
2.18%
2.30%
2014 (average)
2.37%
2.44%
December
2.18%
2.30%
November
2.30%
2.35%
October
2.30%
2.35%
September
2.30%
2.35%
August
2.30%
2.35%
July
2.38%
2.50%
June
2.38%
2.50%
May
2.38%
2.50%
April
2.45%
2.50%
March
2.50%
2.50%
February
2.50%
2.50%
January
2.50%
2.60%
Across Quebec, housing market activity in Q1 of 2024 continued at a brisker pace, logging a 21% increase in the provincial sales average compared to this time last year. Almost all major centres showed a sales bump up, with Sherbrooke (+62.0%), Quebéc City (+38%), and Montreal (+25%) leading the way. Most areas also moved into seller's market territory, with the exception of Gatineau.
With the surge in sales came a corresponding increase in home prices. The provincial home price average was up by over 8.0% from last year to $507,868, with increases in all major centres (Trois-Rivieres saw the highest increase of 24%). This robust activity is despite higher mortgage rates and a swell of new listings (by an average of 30%).
Are higher interest rates still holding Quebéc's markets back? We wait and watch for the timing of interest rate drops.
Data source: Sagen Housing Market Updates
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Learn MoreHigher rates may paint you into a corner. Here’s help to find a way out.…
Learn MoreDon't fit the mortgage mold? We may have the right fit to help you move…
Learn MoreMortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.
True North Mortgage can efficiently complete your mortgage anywhere you are in Canada — online, over the phone or at our store locations.