Québec Mortgage Rates

Looking for the best mortgage rates in Québec?

We have an historical obsession with your best rate — to help you save the most on your mortgage. Apply online or call us today.

Last Updated: Mar 18, 2024

Get a better rate offer? We'll beat it

It makes sense to save more with our lower mortgage rates in Québec.

Whether you’re investing in a first home, your next home, or an income or vacation property — our lower mortgage rates can help save you thousands. How do we do that? By dealing with all the banks on your behalf. We quickly find your best rate, lender and mortgage option. 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.

A lower rate from your own bank?

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.

Can't decide between a variable or fixed rate? Or what length of mortgage term to take? Talk to your expert True North Mortgage broker for great savings advice about one of the biggest financial decisions you'll likely face.

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

Hold your lower rate now, to beat the clock.

In Québec, mortgage interest rates can change quickly — it's hard to predict where rates may be in a few weeks or months. If you're a first-time buyer, buying your next home, or renewing or refinancing — get in touch with us right away.

The sooner you contact us, the sooner your expert True North Mortgage broker can hold your rates for up to 4 months (depending on the lender). You'll have peace of mind while you look for your home or investment, plus get great advice on everything from down payment strategies to the flexible mortgage options you need to save more.

We're here for you, contact us today!

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

Our highly trained mortgage brokers know how to get your better mortgage rate. And your mortgage process is made simple and stress-free, from beginning to end. For all your mortgage needs, get personalized service in your preferred language, anywhere you are in Québec.

Give us a shout, or send us an email. Are you really busy? Schedule your call back now, and an expert broker will get in touch when it works for you!

Historical Mortgage Rates

For Quebec - Last Updated Mar 15 2024

5 Year Fixed Rate

4.74% - 5.39%

  2024 (average)

4.87%

5.59%

  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%

5 Year Variable Rate

6.05% - 6.9%

  2024 (average)

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%

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

Across Quebec, market conditions moved into balanced territory in the last quarter of 2023. With improved sales of 4% year-over-year, average Quebec home prices increased 6.1%. Despite higher mortgage rates, new listings materialized to meet buyer demand in the second half of the year.

Greater Montreal saw a more balanced market in Q4 for both single-family homes and condos, shifting from a seller's market. In Quebec City, however, seller-market conditions remained, though a bit more room was afforded from less demand.

Higher interest rates kept markets cool, but will 2024 see will buyers and sellers surge back with the spring season?

Data source: Sagen Housing Market Updates

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