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.

Across Quebec, housing market activity in September 2024 continued at a brisk pace, logging an 18.6% year-over-year increase in the provincial sales average compared to last year.

All major centres showed an annual sales bump, with Sherbrooke (+31.5%), Quebéc City (+21.9%), and Trois-Rivieres (+20.2%) leading the way. All Quebec housing markets have also moved into seller's market territory with a provincial SNLR (sales-to-new-listings ratio) of 68%, with areas ranging from a 66% SNLR in Montreal to a (very high) 95% in Quebéc City.

With sustained 2024 sales comes a corresponding September increase in Quebec home prices. The provincial home price average was up by 5.3% from last year to $534,025, with increases seen in all major centres (Saguenay saw the largest increase of 16.3%).

This robust activity is despite higher mortgage rates and a swell of new listing increases ranging from +23% in Trois-Rivieres to +9.4% in Montreal (some area saw declining listings, like Gatineau at -3.7%).

Data source: Sagen Housing Market Updates