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Located along Quebec’s pretty Rivière du Nord, Saint-Jérôme is the largest city near the Laurentians mountains, and considered the gateway to the region. In the summer, it comes alive with a vibrant folk festival that draws throngs to the historic downtown. At just 60 kilometers from Montreal, it is a piece of tranquility just a short drive away from the bustling city life.
Looking for a home here? LowestRates.ca allows you to compare mortgage rates in Saint-Jérôme from 50+ banks and brokers across Canada. Just scroll to the top of this page, tell us whether you’re buying a home, renewing or refinancing, and in just three minutes we’ll get you started comparing the best mortgage rates in Saint-Jérôme, Canada.
Check out today's best mortgage rates in Canada by type and term.
| Insured ? | 80% LTV ? The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | 65% LTV ? The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | Uninsured ? | Bank Rate ? | ||
|---|---|---|---|---|---|---|
Insured 4.69% | 80% LTV 4.19% | 65% LTV 4.19% | Uninsured 5.59% | 5.49% | ||
Insured 4.04% | 80% LTV 3.89% | 65% LTV 3.89% | Uninsured 4.54% | 4.79% | ||
Insured 3.87% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.24% | 4.29% | ||
Insured 3.99% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.44% | 4.39% | ||
Insured 3.91% | 80% LTV 3.89% | 65% LTV 3.89% | Uninsured 3.91% | 4.09% | ||
Insured 4.39% | 80% LTV 4.24% | 65% LTV 4.24% | Uninsured 5.19% | 5% | ||
Insured 5.04% | 80% LTV 4.34% | 65% LTV 4.34% | Uninsured 5.29% | 6.09% | ||
Insured 4.15% | 80% LTV 4.3% | 65% LTV 4.3% | Uninsured 4.4% | 6.35% | ||
Insured 3.95% | 80% LTV 3.95% | 65% LTV 3.95% | Uninsured 4.05% | 4.25% | ||
Insured N/A | 80% LTV N/A | 65% LTV N/A | Uninsured N/A | N/A | ||
Insured 5.25% | 80% LTV 5.25% | 65% LTV 5.25% | Uninsured 5.25% | N/A |
4.04%
3.89%
7.24%
Canada has rules for classifying mortgages as “conventional” or “high-ratio” based on your down payment amount. With a conventional mortgage, the buyer has a down payment of at least 20% of the purchase of the property. That means the loan is no more than 80% the cost of the home. In this case, the buyer isn’t required to purchase mortgage insurance to back the purchase of the home. Keep this in mind when searching for mortgage rates for houses in Saint-Jérôme.
A high-ratio mortgage is one where the buyer has a down payment of less than 20% of the property purchase price. You do need to put down something, though — at least 5%. Lenders also require extra assurity that they will get the money they lend you, in the form of mortgage default insurance. The cost is typically folded into what you’re paying for the mortgage over time, and so it is a factor to keep in mind when calculating mortgages in Saint-Jérôme. Getting a personalized quote is the best way to get a sense of average mortgage rates in Saint-Jérôme.
| Date | Average Conventional Rate | Average High Ratio Rate |
|---|---|---|
| 07/24 | 5.07% | 4.93% |
| 08/24 | 5.20% | 5.03% |
| 09/24 | 5.17% | 4.97% |
| 10/24 | 4.85% | 4.59% |
| 11/24 | 4.76% | 4.48% |
| 12/24 | 4.79% | 4.56% |
| 01/25 | 4.80% | 4.60% |
| 02/25 | 4.80% | 4.57% |
| 03/25 | 4.68% | 4.45% |
| 04/25 | 4.67% | 4.46% |
| 05/25 | 4.75% | 4.62% |
| 06/25 | 4.73% | 4.63% |
Last Updated: July 1, 2025
The best choice when looking for a mortgage loan in Saint-Jérôme will depend on what you’re looking for. Let’s start with fixed-rate mortgages in Saint-Jérôme. It’s dependable and predictable, because the interest rate (and your mortgage payments) will not change over the course of the term. For example, if you have a five-year term with a 3% interest rate, your interest rate will stay at 3% for a full five years.
Variable mortgages have more wiggle room. During your term, the interest rate on a variable rate mortgage may jump around. Variable mortgage rates are based on the lender’s prime rate, which in turn is related to the Bank of Canada’s overnight lending rate. The Bank of Canada’s rate is used as a benchmark for big banks and other lenders, so if the overnight lending rate changes, banks tend to adjust their rates as well.
Choosing between fixed mortgage rates and variable mortgage rates in Saint-Jérôme may depend on where interest rates are sitting at the time you’re shopping for your home. If interest rates are low, a fixed rate may make more sense. As always, the key is to do a comparison of mortgage rates in Saint-Jérôme to see what’s available on the market.
| Month | Fixed | Variable |
|---|---|---|
| 07/24 | 4.93% | 6.12% |
| 08/24 | 4.99% | 6.14% |
| 09/24 | 5.01% | 6.19% |
| 10/24 | 4.75% | 5.76% |
| 11/24 | 4.66% | 5.40% |
| 12/24 | 4.77% | 5.30% |
| 01/25 | 4.82% | 5.14% |
| 02/25 | 4.70% | 4.90% |
| 03/25 | 4.60% | 4.75% |
| 04/25 | 4.60% | 4.74% |
| 05/25 | 4.74% | 4.88% |
| 06/25 | 4.73% | 4.85% |
Last Updated: July 1, 2025
As you set out in search for the lowest mortgage rates in Saint-Jérôme, let’s paint a picture of the world you’re entering. Understanding these basic factors will help you wade through bank or broker mortgage rates in Saint-Jérôme.
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Home prices, down payment amount and current mortgage rates in Saint-Jérôme all affect the size of your mortgage and how much interest you’ll pay. If your down payment is less than 20% of the home’s purchase price, you will need mortgage default insurance. In Canada, mortgage default insurance is available from three sources: the Canada Mortgage and Housing Corporation (CMHC), which is backed by the government, or private insurance companies Canada Guaranty and Sagen.
And we know the price of housing is constantly changing, but here are some rough figures to keep in mind. The median price for a single family home in Saint-Jérôme was $378,000 in the second quarter of 2021, according to data from Centris. As a point of comparison, it was $451,000 in August of 2021 for the entire province of Quebec.
To calculate the cost of your mortgage in Saint-Jérôme, use LowestRates.ca’s mortgage payment calculator.
Although it’s vibe is quite different, Saint-Jérôme is considered part of the Greater Montreal area, which is the second most populous region in Canada. Prices in the Montreal Census Metropolitan Area (CMA) are going up faster than in the rest of Canada.
According to the Canadian Real Estate Association, the benchmark price of a home in August 2021 was $497,800 in the Montreal CMA, up 22% from the previous year. In all of Canada, prices climbed 13%, to $663,503, over that same time period.
Drilling down into more specifics, the median price for a single-family home in the Montreal was $500,000 in August, an increase of 17% over the previous year; it was $375,000 for a condo, up 20%; while a larger building that contains two to five units costs $679,750 which represents an increase of 13%.
Remember that the costs associated with buying a home don’t stop at the purchase price. Yes, securing the cheapest mortgage rates in Saint-Jérôme is important, but you also have to factor in those pesky things called closing costs — everything from title insurance, mortgage insurance (if your down payment is less than 20% of the purchase price), home inspections, legal fees and home insurance. Closing costs are usually priced around 1-4% of the home’s purchase price.
Title insurance protects the title to your property, certifying that you are its owner. It is known as “servitude” in Quebec, and while it is fairly uncommon in this particular province, it is still available.
In Quebec, like several other provinces, there’s also a land transfer tax. The land transfer tax is known as the “welcome tax” in Quebec and is calculated on a sliding scale based on the price of the home. It’s also indexed to the Consumer Price Index, which means that it goes up every year. Here’s how homes in Saint-Jérôme are taxed:
Depending on the price of your home, the land transfer tax can add a sizable chunk to your bottom line, so make sure you keep that in mind when searching for the best mortgage rates in Saint-Jérôme.
The amortization period is the entire time it will take you to pay off the money lenders give you to purchase a property. It’s a crucial figure in terms of calculating your monthly payments. Most home loans in Canada have a 25-year amortization period.
The mortgage term is the period of time you’re locked into your contract. During the term, you’re locked into the terms and conditions laid out in your mortgage contract, including the interest rate.
Here’s how the amortization period and mortgage terms work together: You agree to pay a certain amount of interest, be it variable or fixed, for a certain amount of years — the mortgage term. Mortgage terms can range from six months to 10 years, so you’ll have several terms within a longer amortization period. By the end of the amortization period — 25 years, for example — you will have cleared your debt.
An open mortgage gives you more freedom to make additional or accelerated mortgage payments. A closed one does not. This matters if you want to be able to control how quickly you pay down your debt. Depending on the terms of your open mortgage, you will have the ability to increase monthly payments, or apply bigger chunks on the principle, all at once.
Closed mortgages, as the name suggests, don’t give you that flexibility. They may even penalize you for clearing your debts quicker, because the lender had expected to make a certain amount of money by charging you interest over a certain amount of time. You mess with that plan, and you will have to pay.
The cost of living in Saint-Jérôme depends, in large part, on you. Renting may be more affordable than buying a house. The cost of buying a house in Saint-Jérôme is climbing at a rate that is higher than the rest of the country. But if you have saved enough money to put down a sizable down payment, and if you can lock in good mortgage terms, then your monthly payments could be more manageable. One positive is that Quebec has the cheapest auto insurance rates in Canada, at around $700 a year — which is half of what you pay in Ontario. Property taxes in Saint-Jérôme are among the lowest among municipalities in Quebec.
Securing the lowest mortgage interest rate in Saint-Jérôme matters, but there are other factors to consider before signing on the dotted line. Let’s talk about prepayment privileges and portability.
Prepayment is the ability to pay off more of your mortgage at a time of your choosing. Open mortgages allow you to do that, without penalty. Closed mortgages will charge you for speeding up the rate at which you pay off your loan. If you think you might not be in your house for the long haul, or if you want the flexibility to get out of the contract, this is something to keep in mind.
Similarly, the portability of a mortgage will allow you to transfer your existing mortgage to another property, without paying penalties. Not all mortgage companies in Saint-Jérôme will allow you to port your mortgage, so ask them about that. Flexibility may be worth paying extra for.
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The better informed you are, the more likely you'll negotiate a better deal for yourself. And, really, that’s what we care about the most.
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