What is the average mortgage rate in Quebec, Canada?

The current 5-year fixed mortgage rate in Quebec is approximately 4.31%, and the variable rate is approximately 3.62% (Bank of Canada data, as of Apr 16, 2026). Rates vary by lender, term, and whether you require CMHC insurance.

Do I need CMHC insurance when buying a home in Quebec?

CMHC mortgage default insurance is required in Quebec when your down payment is less than 20% of the purchase price. Premiums range from 2.80% to 4.00% of the insured loan amount and are added to your mortgage balance — not paid at closing.

What is the stress test rate for mortgages in Canada?

Under OSFI Guideline B-20, all Canadian mortgage applicants must qualify at the higher of their contract rate plus 2%, or 5.25%. With a 5.24% contract rate, the qualifying rate is approximately 7.24%.

Hypothèque — Quebec, Canada

Q: What is the land transfer tax in Quebec?

Quebec has a 'Welcome Tax' (Taxe de bienvenue) charged by municipalities. The rate is 0.5% on the first C$56,300, 1% on C$56,300–C$282,200, and 1.5% above C$282,200. Montreal's rate increases to 2% above C$563,000 and 2.5% above C$1,126,000.

Pre-filled with Quebec's average home price of C$440000, property tax of C$3740/year, and a 5-year fixed rate of 4.31%. Adjust any value below.

OSFI Stress Test: You must qualify at 7.24% (contract rate + 2%) under Canada's mortgage stress test rules. This calculator shows your actual payment — your lender will verify you can afford the stress-test rate.

Reference Rates

5-yr Fixed 4.31% Variable 3.62% Prime Rate 4.46% BoC Rate 2.2649%

Apr 16, 2026 · Bank of Canada

1 Détails de l'Hypothèque

Prix de la Propriété

Mise de Fonds

Montant Hypothécaire

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Taux d'Intérêt (live 5-yr fixed 4.31%)

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2 Coûts Mensuels (Quebec averages pre-filled)

Taxe Municipale ((annuelle)) ~0.85% in QC

Assurance Habitation ((annuelle))

Frais de Copropriété (mensuel, si applicable)

Inclure l'Assurance SCHL

Obligatoire si mise de fonds < 20 %

Versement Mensuel Estimé

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Capital et Intérêts

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Capital + intérêts

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Montant financé

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Répartition du Versement Mensuel

Évolution du Solde Hypothécaire

Comparaison des Taux

Comment votre versement évolue selon le taux

Scénario de Taux	Versement C+I	Total Intérêts
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Tableau d'Amortissement

Détail mensuel complet

Mois	Année	Versement	Capital	Intérêts	Solde Restant

Quebec Marché Immobilier

Quebec offers some of Canada's best housing affordability outside the Prairies. Montreal remains significantly cheaper than Toronto or Vancouver despite recent appreciation. Quebec City is one of the country's most stable markets. Strong rental rights and tenant protections make renting a viable long-term option.

Prix Moyen du Logement C$440000

Taux de Taxe Foncière Effectif ~0.85%

Taxe Foncière Annuelle Moy. C$3740

Assurance Annuelle Moy. C$1100

Taux du Test de Résistance ~7.24%

Acheter en Quebec

At C$440,000 average price, Quebec is one of Canada's most accessible major markets. Montreal condos remain well below Toronto and Vancouver equivalents. Combined municipal and provincial taxes, however, make ongoing costs important to budget carefully.

Taxe de Bienvenue

Quebec has a 'Welcome Tax' (Taxe de bienvenue) charged by municipalities. The rate is 0.5% on the first C$56,300, 1% on C$56,300–C$282,200, and 1.5% above C$282,200. Montreal's rate increases to 2% above C$563,000 and 2.5% above C$1,126,000.

Assurance Hypothécaire SCHL

CMHC insurance is required for down payments of 5–19.99%. Quebec's notarial system adds unique closing costs — a notary (rather than a lawyer) handles the transaction, typically costing C$1,200–C$2,000.

Marchés Clés

Montreal Quebec City Laval Longueuil Gatineau

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