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 July 2025, Quebec's housing market continued to surge, with an 11.6% increase in home sales compared to July 2024 — recording the province's 19th consecutive monthly increase in residential sales. 

All the major markets in this province boasted sales growth. Trois-Rivieres led the way with an impressive 13.9%, followed by Saguenay at 12.7%, Gatineau at 11.5%, Montreal at 9.9%, Quebec City at 9.4%, and Sherbrooke at 5.9%.

The bustling housing activity is driving up Quebec's provincial average home price, with July seeing a 7.8% increase to $547,974. Saguenay and Quebec City led this home price trend, rising by 21.6% and 15.4%, respectively. Other Quebec markets recorded average price gains ranging from 9.3% in Trois-Rivieres to 6.1% in Gatineau. Sherbrooke is the only centre that recorded a price drop of 8%. 

Quebec remained a predominantly seller's market, with an SNLR (sales-to-new-listings ratio) of 69%, seeing strong ratios in areas such as Quebec City (91%), Trois-Rivieres (90%), Sherbrooke and Saguenay (84%). Gatineau and Montreal complete the provincial seller's market club with a 64% SNLR.

Lower mortgage rates and improved qualification rules likely contributed to Quebec's vigorous housing activity over the past few months. Will the momentum persist into Fall 2025, despite U.S. trade disruption?

See more housing stats
Read our Housing Market Forecast (2025-2027)

Data source: Sagen Housing Market Updates