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Quebec Mortgages

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 1.99%
3-Year 1.99% 2.45%
5-Year 1.84% 1.75%
10-Year 2.59%
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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

CDIC: Everything you need to know about how your money is federally insured

August 5, 2020

This post is sponsored by the CDIC. As you go about your daily banking online or watch the ATM dutifully swallow up your deposit envelope, have you ever stopped to wonder just how safe your hard-earned money really is? Canadians … Continue reading →

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What happens if your mortgage renewal is denied?

August 3, 2020

Having your mortgage renewal denied is painful, whether it's from your current lender or a new lender. Here's what to do if your mortgage renewal is denied. Continue reading →

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