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QuebecLive ratesUpdated Aug 8, 2026

Quebec mortgage rates.

Bilingual market dominated by Desjardins + National Bank with materially different legal infrastructure — notarial closings (not lawyer-based), Quebec welcome tax, and unique mortgage suspension provisions.

5-star rated| FSRA #13737| 50+ languages

Best Quebec rates

Updated Aug 8, 2026

5-yr fixed

4.09%

5-yr variable

3.60%

3-yr fixed

4.04%

2-yr fixed

3.99%

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Live · updated Aug 8, 2026

Lowest offer per term across 100+ lenders

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Lender

Term

Type

Rate

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Home Trust Best

Alternate Broker-only

5-yr

Variable

3.60%APR 3.60% · $2,826/mo

Home Trust Best

5-yr · Variable Broker-only

3.60%

APR 3.60% · $2,826/mo

M-

MERIX - Standard (Lendwise)

Monoline

3-yr

Variable

3.90%APR 3.90% · $2,915/mo

M-

MERIX - Standard (Lendwise)

3-yr · Variable

3.90%

APR 3.90% · $2,915/mo

Scotiabank

Bank

2-yr

Fixed

3.99%APR 3.99% · $2,943/mo

Scotiabank

2-yr · Fixed

3.99%

APR 3.99% · $2,943/mo

Scotiabank

Bank

3-yr

Fixed

4.04%APR 4.04% · $2,958/mo

Scotiabank

3-yr · Fixed

4.04%

APR 4.04% · $2,958/mo

Desjardins

Credit Union

5-yr

Fixed

4.09%APR 4.09% · $2,973/mo

Desjardins

5-yr · Fixed

4.09%

APR 4.09% · $2,973/mo

Desjardins

Credit Union

4-yr

Fixed

4.09%APR 4.09% · $2,973/mo

Desjardins

4-yr · Fixed

4.09%

APR 4.09% · $2,973/mo

Desjardins

Credit Union

7-yr

Fixed

4.44%APR 4.44% · $3,081/mo

Desjardins

7-yr · Fixed

4.44%

APR 4.44% · $3,081/mo

Scotiabank

Bank

1-yr

Fixed

4.59%APR 4.59% · $3,128/mo

Scotiabank

1-yr · Fixed

4.59%

APR 4.59% · $3,128/mo

TD Canada Trust

Bank

6-yr

Fixed

5.19%APR 5.19% · $3,318/mo

TD Canada Trust

6-yr · Fixed

5.19%

APR 5.19% · $3,318/mo

TD Canada Trust

Bank

10-yr

Fixed

5.34%APR 5.34% · $3,366/mo

TD Canada Trust

10-yr · Fixed

5.34%

APR 5.34% · $3,366/mo

TD Canada Trust

Bank

0.5-yr

Fixed

5.49%APR 5.49% · $3,415/mo

TD Canada Trust

0.5-yr · Fixed

5.49%

APR 5.49% · $3,415/mo

Est. payment shown on a $700,000 home, 20% down, 25-yr amortization. Rates updated daily. O.A.C., E.&O.E.

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Quebec rates by term

Compare the best Quebec rate for each term — fixed and variable.

5-Year Fixed 5-Year Variable 3-Year Fixed 3-Year Variable 2-Year Fixed 1-Year Fixed 4-Year Fixed 7-Year Fixed 10-Year Fixed

Benchmark price

$510,000

Quebec provincial average · 2026

Quebec Welcome Tax (Droits de mutation)

Tiered tax of 0.5%–3% on purchase price, billed several months after closing (not at closing like Ontario LTT).

Montreal first-time buyers can claim a $5,000 rebate via the Home Ownership Program; other municipalities have their own programs.

Montreal charges municipal welcome tax brackets that exceed the provincial rate at higher values (3% on portion above $1.034M), making total welcome tax on luxury Montreal properties materially higher than other QC cities.

Regulator

Autorité des marchés financiers (AMF)

Official site →

Top Quebec lenders

DesjardinsNational BankRBCScotiabankLaurentian BankB2B Bank

Why Quebec rates work the way they do

Desjardins (Quebec's largest financial cooperative) and National Bank dominate the Quebec mortgage market with deeply localized products. Desjardins frequently offers competitive rates with simplified closing through their integrated notary network. French-language service is mandatory for many borrowers — we have French-speaking advisors available.

Foreign-buyer rules: Federal foreign-buyer ban applies (extended to 2027). Quebec does not have its own NRST.

Mortgage brokers in Quebec

Same FSRA license, same 100+ lender network — applied to each Quebec market.

All Quebec cities →

Today’s rate read · Quebec

AI-generated from the live board · live feed · as of 2026-08-08T05:02:44.277Z

Maya

4.09%

5-yr fixed

3.60%

5-yr variable

5.95%

Lender prime

4.25%

BoC overnight

The best 5-year fixed mortgage rate is 4.09%, while the best 5-year variable rate is 3.60%, indicating that fixed rates are currently 49 basis points higher than variable rates. The Bank of Canada's overnight rate is 4.25%, and with lender prime at 5.95%, the overall trend suggests stability, as the Bank of Canada’s stance appears to be leaning towards a downward direction.

Estimates only — your rate depends on your file. FSRA #13737.

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FAQ

Quebec mortgage rates — common questions.

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Quebec's Droits de mutation immobilière (transfer duties, colloquially 'welcome tax') is billed by the municipality 3-6 months after closing, not at closing like Ontario LTT. Budget for it separately. Rates range from 0.5% on the first $58,900 to 1.5% on portions above $294,600 (Montreal adds higher brackets up to 3%).

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

Ontario British Columbia Alberta Manitoba Saskatchewan Nova Scotia New Brunswick Newfoundland and Labrador Prince Edward Island

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