Compare the best mortgage rates in Quebec City. Show off your savvy.

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Best Variable Rate
True North Mortgage

True North Mortgage

Term 5 Year
Type Variable Closed
Rate 2.70%
Best Fixed Rate
True North Mortgage

True North Mortgage

Term 5 Year
Type Fixed Closed
Rate 2.54%
True North Mortgage

True North Mortgage

Term 3 Year
Type Fixed Closed
Rate 2.74%
True North Mortgage

True North Mortgage

Term 2 Year
Type Fixed Closed
Rate 2.74%
True North Mortgage

True North Mortgage

Term 4 Year
Type Fixed Closed
Rate 2.79%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Fixed Closed
Rate 2.87%
First National

First National

Term 5 Year
Type Fixed Closed
Rate 2.89%
Scotiabank

Scotiabank

Term 5 Year
Type Fixed Closed
Rate 5.19%
BMO Bank of Montreal

BMO Bank of Montreal

Term 3 Year
Type Fixed Closed
Rate 2.92%

Compare mortgage rates in Quebec City.

Shopping for a mortgage in Quebec City? You’re doing it at the right time. Mortgage rates are sitting at record lows, and competition among lenders in Quebec has never been greater. That’s why it’s so important to shop around for your mortgage rate at LowestRates.ca — we show you the best rates all in one place.

Focus On

Quebec City housing.

Despite falling mortgage rates and positive employment trends, the real estate market in Quebec City has been slow since 2013, and 2016 prices remained just as stagnant. First-time buyers have been the main drivers behind demand in the city, but average home prices still failed to reach the CMHC’s predictions for 2016. While the CMHC expected average prices to rise to $280,000, prices actually hovered around $270,000 all year.

The current outlook is that prices may actually decrease slightly in 2017.

Average Home Prices in Quebec City.

DateHome Prices
Q1 2013$261,480
Q2 2013$264,985
Q3 2013$266,009
Q4 2013$267,294
Q1 2014$265,304
Q2 2014$263,773
Q3 2014$264,938
Q4 2014$272,991
Q1 2015$273,709
Q2 2015$274,605
Q3 2015$265,986
Q4 2015$275,358
Q1 2016$275,296
Q2 2016$275,563
Q3 2016$270,239

New home prices have been fairly stable for the past five years in Quebec City. Buyers in the market for a brand new house are currently looking at an average cost of about $370,000, a very modest increase from 2015.

New Home Prices in Quebec City, Single-Detached

YearPrice
2011$313,905
2012$326,583
2013$354,041
2014$356,521
2015$366,000
2016 (F)$368,000

About Quebec City.

As the capital of its namesake, Quebec City is the seat of political power in la belle province and an endearing centre of French Canadian culture. Founded in the 17th century, it’s one of the oldest cities in North America and its fortified city walls have garnered a UNESCO World Heritage Site distinction.

Quebec City is best-known for its ancient streetscapes and profound sense of history as Canada's first major European settlement. It’s one of the most popular tourist destinations in all of Canada, drawing thousands of visitors year-round, especially when Quebec Winter Carnival, an annual event held since 1955, kicks off.

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