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Quebec Rates

We shop the most competitive brokers, lenders and banks in Canada to bring you today's lowest interest rates, free of charge! Our Canadian comparison charts list current rates, and are updated on a daily basis.

Term Lowest Fixed Rate Lowest Variable Rate
1-Year 2.69%
3-Year 2.69% 3.00%
5-Year 2.39% 2.70%
10-Year 2.99%
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We shop the most competitive brokers, lenders and banks in Canada to bring you today's lowest interest rates, free of charge! Our Canadian comparison charts list current rates, and are updated on a daily basis.

Purchase Price of home - outside of Montreal Marginal Tax Rate
First $50,000 0.5%
On $50,000 to $250,000 1.0%
Over $250,000 1.5%

For homes in Montreal, the rates differ from those listed above as follows:

Purchase price of home - in Montreal Marginal Tax Rate
On $250,000 to $500,000 1.5%
Over $500,000 2.0%

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Mortgage default insurance or CMHC insurance is required in Canada for down payments of less than 20%.


Down payment (% of home)
5%-9.99% 10%-14.99% 15-19.99% 20% or higher
CMHC insurance premium 2.75% 2.00% 1.75% 0.00%

Additional criteria as of July 9th, 2012:

  • The maximum amortization available on an insured mortgage (less than 20% down) is 25 years.
  • Homes sold for more than $1,000,000 do not qualify for CMHC insurance and, therefore, require a down payment of at least 20%.

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Quebec First Time Home Buyer Freebies

  • First time home buyer Tax Credit

    Get $750 dollars back on your personal tax return.

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  • RRSP Home buyers Plan

    Access up to $25,000 from
    your RRSP tax-free.

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Quebec Blog Articles

The Best Low Interest Credit Cards in Canada for 2019

September 19, 2019

If there’s a chance you’ll carry a credit card balance from month to month; you should look for a low interest credit card. Low interest credit cards have interest rates that are lower than typical credit cards (for example, 12.99% … Continue reading →

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Leak Detection and Insurance (Smart Home Series)

September 19, 2019

Smoke detectors are common in homes to prevent fires. But, water damage can be just as costly for homeowners and their respective insurance rates. Without leak detection, water can wreak havoc when it’s unleashed into a home unfettered.  According to the … Continue reading →

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