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Find the best mortgage rate in Quebec City

We’ll find the best rates for you in less than 2 minutes

Best Quebec City mortgage rates

The rate table shows 5-year fixed mortgage rates in Quebec City. To compare other rate types and terms, click on the filters icon beside the down payment percentage.

As of:

RateProviderPayment

Big 6 Bank

$2,109

Trust Company

$2,109

Desjardins

$2,141

Canwise

A Ratehub Company

$2,141

First National

$2,218

Scotiabank

$2,229

Quebec City mortgage rates: Common questions

How much can I save by comparing Quebec City mortgage rates?


Why compare Quebec City mortgage rates with Ratehub.ca?


Are Quebec City mortgage rates higher than other cities?


What’s the difference between variable and fixed rates?


Is it worth getting a mortgage pre-approval?


Which bank has the best mortgage rates in Quebec City?


Should I use a mortgage broker in Quebec City?


Not sure where to start? Check out our tools to get started

See today's best mortgage rates

Compare current mortgage rates across the Big 5 Banks and top Canadian lenders. Take 2 minutes to answer a few questions and discover the lowest rates available to you.

4.14%

Best fixed rate in Canada

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Getting the best mortgage rates in Quebec City

As one of Quebec’s largest cities, Quebec City has a bustling housing market, which results in high demand for mortgages. That's great for prospective homebuyers, as more competition between mortgage providers generally results in lower rates.

If you’re looking to take out a mortgage in Quebec City, one of the best things you can do is to compare rates from multiple lenders, to take full advantage of this competition!

Best mortgage rates in Quebec City +

Comparing the best mortgage rates in Quebec City

The comparison tables at the top of this page list the best mortgage rates available in Quebec City, up to the minute. Comparing rates between multiple providers and mortgage brokers is the best thing you can do to get the lowest rate possible.

Of course, your personal rate may be different from the rates listed above. The rate you're eligible for can change based on things like your down payment, the price of the house, your credit score, which lender you choose, as well as what the property is being used for.

Luckily, you can get personalized quotes for mortgage rates without filling in a full mortgage application. Use the tools at the top of this page and we’ll provide you with personalized mortgage quotes from Quebec City lenders in under two minutes.

 

Quebec City closing costs

If you’re buying a home in Quebec City, be sure to factor in the relevant closing costs. Some closing costs can be added to your mortgage and paid off over time, but others need to be paid in cash upfront. Be sure to remember this when you set your savings goals.

  • Provincial Land Transfer Tax: The Quebec provincial government will charge a land transfer tax on top of your property purchase price. The marginal land transfer tax rate for Quebec City is 0.5% - 1.5% depending on the purchase price. Learn more here.
  • CMHC Insurance (and PST): If you take out an insured mortgage, you’ll need to pay for mortgage default insurance, also called CMHC insurance. While the premiums can be added to your mortgage, the provincial sales tax (PST) on those premiums needs to be paid upfront. In Quebec, premiums are subject to a 9% tax.
  • Legal Fees: Any property purchase will require some legal documents to be processed by a Quebec licensed real estate lawyer. Fees for this are generally in the hundreds or low thousands of dollars.
  • Adjustment fees: You may need to reimburse the seller for any prepaid utilities, maintenance, or taxes on the home.

These are just some of the closing costs you’ll pay when buying a home in Quebec City. Learn more on our closing costs education centre page.

 

Quebec City first-time homebuyer rebates

Unlike other provinces including BC and Ontario, Quebec does not have a first-time homebuyers land transfer tax rebate. This is especially unfortunate for first-time homebuyers in Quebec City, which has relatively high land transfer tax rates.

There is, however, an additional first-time homebuyers tax credit available in Quebec. Alongside the maximum $750 first-time homebuyer federal tax credit, Quebec residents can claim an additional $750 maximum credit in the year they first purchase a home.

In addition to this, first-time homebuyers in Quebec City are able to access the national first-time homebuyer programs. Be sure to check those out if you’re in this situation.

Jamie David, Director of Marketing and Head of Mortgages

Jamie has 15+ years of business and marketing experience. She contributes her mortgage expertise to The Globe and Mail and authors Ratehub’s mortgage and homebuying guides. read full bio

Want to learn more? Check out our comprehensive education centre

About Ratehub.ca

Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.

Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada. 

How does Ratehub.ca make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

How are CanWise Financial and Ratehub.ca connected?

We own and operate a mortgage brokerage, Ratehub.ca (formerly known as CanWise Financial), and are compensated for mortgages funded through our brokerage. Ratehub Inc. o/a Ratehub.ca & CanWise is a licensed mortgage brokerage and CMHC-approved lender. When comparing mortgage rates on Ratehub.ca, you’ll see rates from a number of lenders, including CanWise. All products are sorted according to the rates available to you and the selection criteria you’ve shared with us. Both Ratehub.ca and CanWise are owned and operated by Ratehub Inc.

We’re proud of our Ratehub.ca mortgage brokerage, which offers our users great rates, trusted advice and an award-winning team of mortgage experts. Read any of our 6,700 five-star Google and Facebook reviews and you’ll see what we mean.

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