Quebec Mortgage Rates & Home Buying Guide
Quebec offers some of the best big-city affordability in Canada, especially in Montreal. Just remember the 'welcome tax' arrives a few months after you move in — plan for it.
Last updated: May 2026
Montreal is affordable relative to other major Canadian cities.
- Montréal
- Québec City
- Laval
- Gatineau
- Longueuil
The 'welcome tax' (droit de mutation): 0.5% to ~$58,900, 1% to ~$294,600, and 1.5% above. Montreal adds higher upper brackets.
Montreal offers a Home Purchase Assistance program for some buyers. Federal FHSA, RRSP HBP, and the tax credit apply province-wide.
What to Know About Buying in Quebec
Montreal remains affordable among Canada's big cities.
The welcome tax is billed a few months after closing.
Notary (rather than lawyer) handles closings in Quebec.
Mortgage rates in Quebec are set nationally by Canada's major banks and lenders, then adjusted for your down payment, credit, and whether your mortgage is insured. The Bank of Canada's policy rate drives variable rates, while fixed rates track government bond yields.
To get the best rate in Quebec, compare offers from multiple lenders, consider both fixed and variable options, and remember that insured (high-ratio) mortgages often carry lower rates because they're CMHC-backed.
See live rates from RBC, TD, BMO, Scotiabank, CIBC and more on our Canadian bank rates page, updated with the latest Bank of Canada prime rate.
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Calculate Your Quebec Mortgage
Model your monthly payment and estimate your land transfer tax for Quebec.