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: Dec 01, 2023

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 Nov 10 2023

5 Year Fixed Rate

5.29% - 6.09%

  2023 (average)

4.97%

5.48%

  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%

  2023 (average)

5.81%

6.47%

  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 the province and in its two major centres, Québec City and Montréal, sellers' market conditions prevailed with an uptick in sales despite the higher-rate environment, likely due to fewer new listings available. The higher demand led to home-price increases across the province in many areas, such as Gatineau and Sherbrooke.

With higher interest rates, will buyers and sellers stick to the sidelines for the remaining months of 2023?

Start your history of great mortgage savings — today.