- Closing costs in Quebec: Quebec charges transfer duties, often called the welcome tax.
- The federal stress test and down payment rules apply in every province.
- Mortgage brokers are supervised by the Autorité des marchés financiers (AMF). Notaries close Quebec real estate and mortgage transactions.
What are today's best mortgage rates in Quebec?
| Term | Rate | Lender type | Shelf / note | Payment on $400,000 |
|---|---|---|---|---|
| 5-year fixed | 4.04% | Credit union | uninsured | $2,113/mo |
| 5-year variable | 3.70% | Brokerage | prime − 0.75% | $2,046/mo |
| 3-year fixed | 4.19% | Monoline | uninsured | $2,145/mo |
| HELOC | 4.95% | Bank | prime + 0.50% | — |
Payments on a $400,000 mortgage, 25-year amortization, fixed rates compounded semi-annually. Prime 4.45% (Bank of Canada policy rate 2.25%), October 7, 2026.
Who lends in Quebec?
What does it cost to close in Quebec?
Quebec charges transfer duties, often called the welcome tax. For 2026 the standard brackets are 0.5% up to $62,900, 1% up to $315,000 and 1.5% above, with higher brackets in Montreal.
| Item | Amount |
|---|---|
| Transfer tax / registration fees (incl. mortgage fee where charged) | $7,110 |
| Effective rate | 1.19% |
Mortgage registration estimated at 80% of price where charged. Rules checked October 7, 2026.
Mortgage rules in Quebec
Mortgage brokers are supervised by the Autorité des marchés financiers (AMF). Notaries close Quebec real estate and mortgage transactions. National rules apply everywhere: minimum down payment of 5% to 20%, the stress test (the greater of your rate + 2% or 5.25%), and insured mortgages only on homes under $1.5 million.
HELOC in Quebec
Quebec homeowners can get a HELOC up to 65% of value, or 80% combined with a mortgage. Bids show the rate as prime plus a margin. See HELOC.
First-time home buyer programs in Quebec
Some municipalities, including Montreal, offer purchase assistance that offsets transfer duties; federal FHSA, Home Buyers' Plan and new-home GST rebate. First-time home buyer programs in Quebec
Mortgage rates by city in Quebec
Frequently asked questions
Are mortgage rates different in Quebec?
Most national lenders price provinces similarly; differences come from which lenders serve the area, property type and local closing costs.
Do I need a mortgage broker in Quebec?
Not to get bids. Licensed brokerages bid alongside lenders on MortgageBids.ca.
Can I renew with a different lender in Quebec?
Yes, at maturity with no prepayment penalty.
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