Mortgage Rates in Quebec City

Live national rates with Capitale-Nationale welcome-tax and notary notes.

By Andrew · Last reviewed October 14, 2026Sources: national posted rates from the lenders we track, plus the provincial or municipal tax rules described on this page. Confirm any rate with the lender.

Current mortgage rates for Quebec City shoppers

These are live national postings from lenders we track (updated Oct 14, 2026)—not a made-up “average Quebec City rate.” Lenders generally price the product and the borrower, not the city. Closing costs in Quebec City still follow Quebec tax rules below.

Best 5-year fixed we track

4.29%

RFA Bank · uninsured

Best 5-year variable we track

3.25%

Butler Mortgage · insured

Compare all live rates →5-year fixed hub

Buying or renewing in Quebec City

Quebec City purchases close with a notary and municipal transfer duties. Mortgage rates are national. The capital’s public-sector employment can help qualification; it does not create a provincial rate discount.

French-language documents and notary practice are normal in Quebec City. Some national monolines still lend in Quebec; confirm the lender’s Quebec process before you waive conditions.
Quebec’s lease and condo (copropriété) rules differ from Ontario. Lenders care about the property type and your income documentation, not the city slogan.

Quebec City transfer duties

Quebec City uses municipal droits de mutation under provincial bracket rules. Extra Montreal-style high-value city rates do not automatically apply here—your notary will use the Quebec City schedule. There is no Ontario-style first-time LTT refund.

Tax rules change. Confirm the figures with your lawyer or notary before you waive conditions. Amounts on this page follow the provincial and municipal programs described here. They are not a Quebec City average sale price.

Quebec transfer duty calculator →

First-time buyers in Quebec City

Quebec first-time buyers in Quebec City still use the federal FHSA and Home Buyers’ Plan. Transfer duties are municipal and generally not rebated the way Ontario LTT is. Budget the welcome tax in cash on closing.

Notary, not lawyer

A Quebec notary handles the deed, hypothec, and most of the cash-to-close statement. Factor notary fees into closing costs along with transfer duties.

FHSA

The First Home Savings Account lets eligible first-time buyers contribute up to $8,000 a year (lifetime $40,000). Contributions are tax-deductible and qualifying withdrawals for a first home are tax-free.

Home Buyers’ Plan

The RRSP Home Buyers’ Plan lets eligible first-time buyers withdraw up to $60,000 per person (couples can combine) to buy or build a home, then repay it over 15 years.

Stress test

Federally regulated lenders must qualify you at the greater of your contract rate plus 2% or the Bank of Canada’s qualifying rate. Run the numbers before you shop listings.

Renewing a mortgage in Quebec City

Renewing in Quebec City still means comparing national posted rates. Desjardins, National Bank, and Laurentian often sit beside the Big 5 on a Quebec shopping list.

Shop before the lender’s offer

Your current lender’s renewal letter is a starting point, not a ceiling. Compare it with today’s posted 5-year fixed and variable rates on this site, then ask them to match.

Know the break cost

If you refinance or switch before maturity, the penalty can wipe out the rate savings. Estimate it with the penalty calculator before you sign a new term.

Lenders Quebec City buyers often compare

Desjardins
Quebec’s largest credit-union movement; closings typically run through a notary.
National Bank
Montreal-based bank with a strong Quebec footprint.
Laurentian Bank
Quebec-based bank often compared with National Bank and Desjardins.

Quebec City mortgage FAQs

Is Quebec City’s welcome tax the same as Montreal’s?

Both are municipal transfer duties, but Montreal adds extra high-value brackets. Ask a Quebec City notary for the local calculation; do not reuse a Montreal worksheet.

Do I need a notary in Quebec City?

Yes for a typical hypothec and title transfer.

What is the welcome tax in Quebec City?

Municipal transfer duties on the purchase. They are the Quebec counterpart to land transfer tax. Montreal uses extra high-value brackets; other municipalities generally follow the provincial formula. Ask your notary for the exact amount on your offer.

Do I need a notary to get a mortgage in Quebec City?

Yes for a typical Quebec purchase. The notary registers the hypothec and disburses funds. That is different from most other provinces, where a real-estate lawyer often handles closing.

Are mortgage rates different in Quebec?

Product rates are still national. A few lenders are Quebec-heavy (Desjardins, National Bank, Laurentian). Compare them on this site’s live tables rather than assuming a “Quebec rate.”

Where should I compare Quebec City mortgage rates?

Start with the live snapshot on this page, then open the 5-year fixed, variable, insured, and uninsured hubs. Open individual lender pages for the names you are considering. We do not invent a Quebec City-only average rate.