Last updated
Quebec offers some of Canada's most affordable home prices. Compare today's best mortgage rates for Quebec buyers from major banks and brokers.
Best 5Y fixed
4.34%
Broker rate · insured
Best 5Y variable
3.25%
Broker rate · insured
Prime rate
4.45%
Bank of Canada
| Lender | 3Y fixed | 5Y fixed | 5Y variable | Prime |
|---|---|---|---|---|
| RBC | 5.27% | 5.03% | 3.88% | 4.45%best |
| TD | 5.14% | 5.34% | 4.24% | 4.60% |
| CIBC | 5.09%best | 5.34% | 4.20% | 4.45% |
| Best broker (WOWA) | — | 4.34%best | 3.25%best | 4.45% |
Rates updated every Monday. Bank rates are special/discounted rates as posted on each lender's website. Broker rates represent the lowest available insured rates from aggregators. Not financial advice — always confirm rates directly with your lender.
Rates verified Oct 15, 2026
Quebec at a glance
As of October 12, 2026, mortgage rates for buyers in Quebec follow the same national benchmarks: the best 5-year fixed insured rate available through brokers is 4.34%, while the best 5-year variable insured rate is 3.25%. Big bank 5-year fixed rates are higher, at 5.03%–5.34%. Always confirm the rate you qualify for with your lender or broker.
Fixed rates give you payment certainty for your term (often 3 or 5 years). Variable rates move with the prime rate (4.45% as of October 12, 2026). Many buyers in Quebec choose 5-year fixed for budgeting stability; variable can make sense if you accept rate changes.
The Bank of Canada overnight rate is 2.25%, and the Big Six prime lending rate is 4.45%. The Bank has held its rate for 7 consecutive announcements.
Banks publish their own mortgage rates. Brokers work with multiple lenders and often access lower insured rates than big-bank posted specials. Broker best rates are commonly about 0.5%–1.0% below typical bank advertised rates — relevant whether you're buying in Quebec or elsewhere in Canada.
Our mortgage rate data is updated every Monday from official bank websites and leading Canadian mortgage aggregators including WOWA.
National mortgage rates (Canada) · Educational reference only. Not financial or lending advice.