Québec Mortgage Rates

THINK great rates and a better mortgage in Quebec.

True North Mortgage operates in this province as THINK Financial, our in-house, CMHC-approved mortgage lender. We do not offer brokerage services in Quebec, but we do offer exclusive access to THINK Financial's great rates and fully featured products.

Apply with THINK Financial today to help lift your savings and reach your financial goals!

THINK Financial offers fixed and variable rate mortgages:

• Low fixed-rate 6-month and 1-year Rate Relief™ products
• Industry-best fixed and variable rate mortgages from 6-month to 5-year terms
• All mortgages come fully-featured with fewer fees, no made-up fees, and less costly pre-payment penalties than many big banks
• The lowest open variable-rate mortgage in Canada (No Commitment™ Mortgage)
  
• Easy to manage your mortgage online and make changes

You'll still get an exceptional mortgage experience through a True North Mortgage expert who specializes in Québec mortgages.

We put you first to answer all your questions and provide a seamless process from the beginning to walking through your own front door (or getting a great renewal option).

The service you need to save thousands over the life of your mortgage.

Our highly trained mortgage experts help make your mortgage process through THINK Financial simple and stress-free.

Like features? So do we. We offer exceptional pre-payment privileges, lower payout penalties compared to the big bank, and many other convenient options, depending on your needs and specific mortgage details:

• Portability (government and lender restrictions may apply)
• Recast your payments after a lump sum
• Free payment frequency changes
• No hidden fees

Apply with THINK Financial today, or talk to your mortgage expert at the phone number above.

A province steeped in history: Québec housing market remains resilient.

In January 2025, Québec'shousing market was on a roll with a substantial 47.6% rise in home sales compared to last January.

Most of the markets in this province basked in the sales positivity, with Gatineau leading the way at 25.7% to a slower 5% for Québec City. Only Sherbrooke was a hold-out with a 4.6% decline.

The rapid acceleration of market activity also resulted in a 10% increase in the average Québec home price to $555,372. Trois-Rivieres led this trend (27.5%), and Quebec City (26.1%) followed. Other markets recorded an average home price increase ranging from 16.6% to 5.4%.

Québec offers a predominant seller's market with an SNLR (sales-to-new-listings ratio) of 67%, with higher numbers in areas like Saguenay (77%), Québec City (73%), and Trois-Rivieres (71%). Sherbrooke was the lone centre shifting to a buyer's market with a 44% SNLR.

Lower mortgage rates and improved qualification rules likely contributed to Québec's vigorous housing activity this month. Will the momentum persist into Spring 2025, despite a U.S. trade war?

Data source: Sagen Housing Market Updates