Best 5-Year Fixed
4.49%
Mortgage rates in Quebec
Updated June 25, 2026.
Quebec runs on a unique notary-led closing system, charges a tiered welcome tax (Taxe de Bienvenue), and has the most distinct mortgage market in Canada — Desjardins, Caisses Populaires, and the Mouvement Desjardins network are the dominant lenders.
Rates shown are updated daily and are not an offer of credit. Actual rates require lender approval and may differ. Discounted rates are the bank's own published special-offer rates; a mortgage broker can often secure a lower rate than what's shown. See our methodology.
Best 3-Year Fixed
4.44%
Best Variable
3.95%
All lenders available in Quebec
Includes national lenders plus provincial credit unions and lenders operating in Quebec.
| Lender | 3-Year Fixed | 5-Year Fixed | Variable |
|---|---|---|---|
 Tangerine | 4.44% | 4.49% | 4.00% |
 Desjardins Local | 5.99% | 4.49% | 4.10% |
 TD Bank | 4.69% | 4.84% | 4.24% |
 BMO Bank of Montreal | 4.64% | 4.84% | 4.10% |
 CIBC | 4.64% | 4.84% | 3.95% |
 National Bank of Canada | 4.74% | 4.84% | 4.45% |
 RBC Royal Bank | 4.74% | 4.89% | 3.95% |
 Scotiabank | 6.05% | 4.90% | 5.95% |
Provincial credit unions and lenders
These lenders operate primarily in Quebec and don't appear in the national-only "All Canada" view on the home page. Provincially regulated credit unions are not bound by the federal stress test (B-20) at the same threshold, which can be an opening if you're close to the federal qualifying ceiling.
Land transfer tax in Quebec
Quebec's land transfer tax (Droit de mutation, popularly the 'Welcome Tax'): 0.5% on first $58,900; 1.0% on $58,900–$294,600; 1.5% on $294,600–$552,300; 2.0% on $552,300–$1,104,700; 2.5% on $1,104,700–$2,041,900; 3.0% above $2,041,900. Brackets are 2026 figures and indexed annually. On a $500,000 Montreal home that's about $5,733.
Montreal
Montreal charges higher brackets at the upper end (3.0% above $1,104,700 vs 2.0% in most of Quebec). Confirm rates with your notary — municipalities can deviate from the provincial schedule.
First-time buyer rebate
Quebec offers the Home Buyers' Tax Credit (Crédit pour acquisition d'habitations) at the provincial level — up to $750 in tax savings, on top of the federal credit. No standalone provincial LTT exemption like Ontario or BC.
First-time home buyer programs
Federal programs apply everywhere — the FHSA, RRSP Home Buyers' Plan, and federal Home Buyers' Tax Credit. The programs below are specific to Quebec.
- Home Buyers' Tax Credit (provincial)
Non-refundable tax credit worth up to $750 for first-time buyers. Calculated as 15% of $5,000. Stackable with the federal Home Buyers' Tax Credit.
- RénoVert / Habitation Verte
Various provincial energy-efficiency rebates that are technically post-purchase but worth factoring into total cost of ownership for new buyers.
Local notes
- Quebec uses a notary-based closing system rather than the lawyer-based system of common-law provinces. Notary fees are typically $1,200–$2,000 and are paid by the buyer.
- Desjardins is the dominant lender in Quebec — a federation of caisses populaires that operates as a credit union but with national-bank scale. Their rates are often a hair higher than the Big 6, but customer-service relationships are tighter.
- The Welcome Tax is normally paid 30–60 days after closing as a single bill, not at closing. Some buyers are surprised by this.