5-year fixed broker floor: 4.04% · Variable broker floor: 3.60% · Qualifying income for median Quebec home (~$400K): approximately $104,825/yr.
Paid report options after the free check: Rate Fairness Report CA$24 · Full Renewal Decision Report CA$49. No broker calls. No data sold.
Canadian mortgage rates are set nationally — the benchmark is the same in Quebec as across Canada. The table below shows current estimated benchmark rates for all terms, based on Bank of Canada data. Rates assume excellent credit (750+ score) and represent the best available pricing tier.
| Term | Fixed broker floor | Fixed bank avg | Variable broker floor |
|---|---|---|---|
| 1-Year | 4.54% | 4.79% | 3.60% |
| 2-Year | 4.34% | 4.59% | 3.60% |
| 3-Year | 4.19% | 4.44% | 3.60% |
| 4-Year | 4.09% | 4.34% | 3.60% |
| 5-Year | 4.04% | 4.29% | 3.60% |
| 7-Year | 4.24% | 4.49% | 3.60% |
| 10-Year | 4.49% | 4.74% | 3.60% |
Quebec charges droits de mutation (Welcome Tax) on all real estate transfers, collected by the municipality.
Brackets are adjusted annually. Montreal applies an additional surtax on properties over $500,000. No first-time buyer exemption exists provincially.
| Value threshold | Tax rate / fee |
|---|---|
| Up to $53,200 | 0.5% |
| Up to $266,200 | 1.0% |
| Up to $532,300 | 1.5% |
| Above prior bracket | 2.0% |
For the Quebec median purchase price of approximately $400,000 with 10% down ($40,000):
Mortgage amount: $360,000 · Stress test qualifying rate: 6.04% · Monthly P&I at qualifying rate: $2,312/month · Annual PITH: ~$33,544 · Required gross income (32% GDS): approximately $104,825/year.
Quebec borrowers qualify at the federal stress test rate. Quebec mortgages require notarization, adding to closing costs. Desjardins and National Bank are dominant lenders in this province.
Mortgage brokers and lenders in Quebec are regulated by the Autorité des marchés financiers (AMF). Borrowers in Quebec can access the full range of federally regulated banks, provincially regulated credit unions, and monoline lenders through the broker channel.
Major cities in Quebec: Montreal, Quebec City, Laval, Gatineau.
CMHC mortgage insurance applies in Quebec for eligible purchases under $1,500,000 with less than 20% down (as of December 2024).
Select your term, rate type, credit tier, and intent to see a detailed rate page for your exact borrower scenario in Quebec.
Many Quebec borrowers are renewing mortgages locked in at historically low rates between 2019 and 2023. If you locked in during this period, your renewal represents a significant payment change.
Select your original term and year to see your specific renewal shock analysis:
The current 5-year fixed mortgage broker floor in Quebec is approximately 4.04% and the bank average is 4.29%. Variable rate broker floor is approximately 3.60%. These are national benchmark rates that apply equally in all provinces.
Quebec charges droits de mutation (Welcome Tax) on all real estate transfers, collected by the municipality. Brackets are adjusted annually. Montreal applies an additional surtax on properties over $500,000. No first-time buyer exemption exists provincially.
For a Quebec median home price of approximately $400,000 with 10% down, you need approximately $104,825 in gross annual income under the 2026 stress test at 6.04%. This is an estimate — your lender calculates your exact qualifying income.
Quebec does not offer a provincial LTT rebate for first-time buyers. The federal First Home Savings Account (FHSA) is available to eligible first-time buyers nationally.
Mortgage brokers in Quebec are regulated by the Autorité des marchés financiers (AMF).