Quebec Mortgage Rates

Looking for the best mortgage rates in Quebec?

We've got the goods. Call or chat with our brokers online!

We'll beat any competitor's offer

Save a lot of money with our lower mortgage rates in Quebec.

Whether you’re investing in a first home, your next home, or an income or vacation property β€” our lower rates can help save you thousands. How do we do that? By dealing with all the banks on your behalf, we find your best rate and mortgage option, then pass along our volume discount for your better rate. Even a fraction lower can make a big difference over the long term.

Call us, or apply online now to see your best qualifying rate.

The Quebec real estate outlook

Quebec's housing market has seen a remarkable year, especially when compared to pre-pandemic levels. Demand is stripping inventory down to all-time lows, which has pushed house prices much higher compared to 2020. Experts feel this market pressure will continue as high demand and historically-low interest rates factor into the Quebec housing equation.

Hold your low rate now, before it goes up.

In Quebec, mortgage interest rates can fluctuate. Our expert True North Mortgage brokers will get your best rates AND hold them for up to 4 months (depending on the lender). You'll have peace-of-mind while you look for your next move or investment, and get great advice on everything from down payment strategies to the flexible mortgage options you need to save more money.

We make it simple to save thousands over the life of your mortgage.

We can help you get a better mortgage rate β€” apply online, over the phone or through our chat β€” in your preferred language, anywhere you are in Quebec.

Give us a shout, or send us an email. Really busy? Schedule your call back now, and we'll call when it's right for you.


Historical Mortgage Rates

For Quebec - Last Updated Sep. 28 2022

5 Year Fixed Rate

4.59% - 5.24%

  2022 (average)

3.67%

4.10%

  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%

5 Year Variable Rate

4.3% - 4.95%

  2022 (average)

2.10%

2.66%

  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%

Quebec Mortgage Rates

Mortgage 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.

Canada Wide Mortgages

True North Mortgage can efficiently complete your mortgage anywhere you are in Canada β€” online, over the phone or at our store locations.