Quebec mortgage rates & welcome tax
Mortgage rates in Quebec are the same national rates offered across Canada — a lender’s five-year fixed in Montreal is the same number quoted in Toronto. What differs is the closing cost: Quebec’s "welcome tax" (droits de mutation), which municipalities can set above the provincial floor. Here are the verified national offers and what the welcome tax costs at real prices.
Mortgage rates are national, not provincial
No Canadian lender quotes a different rate in Quebec than it does anywhere else in the country — a five-year fixed in Quebec is the same number it offers nationwide. So the verified offers below apply to Quebec buyers exactly as they do across Canada. What genuinely changes by province is the cost of closing — above all, the land transfer tax.
Verified national mortgage rates
Verified at the source · July 30, 2026| Lender | Product | Rate | Type | |
|---|---|---|---|---|
| Nesto | 5-yr fixed · insured | 4.09% | special | source |
| DUCA | 5-yr fixed · insured high-ratio | 4.14% | special | source |
| First National | 5-yr fixed · insured · conventional 4.84 | 4.49% | posted | source |
| Tangerine | 5-yr fixed | 4.49% | special | source |
| TD | 5-yr fixed | 4.84% | special | source |
| BMO | 5-yr fixed · Smart Fixed — no full payout for 5 yrs except sale; insured 4.74 | 4.84% | special | source |
| National Bank | 5-yr fixed · high-ratio 4.69 | 4.84% | special | source |
| RBC | 5-yr fixed · high-ratio 4.59 | 4.89% | special | source |
| CIBC | 5-yr fixed · high-ratio 4.64 | 4.94% | special | source |
| Scotiabank | 5-yr fixed · specials not published | 6.09% | posted | source |
| Nesto | 3-yr fixed · insured | 4.14% | special | source |
| DUCA | 3-yr fixed · insured high-ratio | 4.24% | special | source |
| Tangerine | 3-yr fixed | 4.44% | special | source |
| BMO | 3-yr fixed · amortization ≤25y | 4.64% | special | source |
| TD | 3-yr fixed | 4.69% | special | source |
| National Bank | 3-yr fixed | 4.69% | special | source |
| CIBC | 3-yr fixed | 4.74% | special | source |
| RBC | 3-yr fixed | 4.74% | special | source |
| First National | 3-yr fixed | 4.94% | posted | source |
| Scotiabank | 3-yr fixed | 5.95% | posted | source |
| Nesto | 5-yr variable · insured | 3.40% | special | source |
| RBC | 5-yr variable · prime − 0.50 · high-ratio 3.65 | 3.95% | special | source |
| Tangerine | 5-yr variable | 4.00% | special | source |
| BMO | 5-yr variable · amortization ≤25y | 4.10% | special | source |
| CIBC | 5-yr variable · high-ratio flex 3.95 | 4.10% | special | source |
| National Bank | 5-yr variable | 4.10% | special | source |
| First National | 5-yr variable · prime − 0.26 · insured 3.70 | 4.19% | posted | source |
| TD | 5-yr variable · TD prime − 0.36 | 4.24% | special | source |
| Scotiabank | 5-yr variable · Flex Value | 4.90% | posted | source |
These are national offers — the same rates apply to Quebec buyers. Advertised special-offer rates for standard residential mortgages, read at each lender's own page. Insured (high-ratio) pricing is typically lower than uninsured; many lenders only advertise one. Brokers and smaller lenders frequently beat every rate in this table.
Land transfer tax in Quebec
Verified · June 12, 2026Quebec’s land transfer tax — the "welcome tax" (droits de mutation) — is graduated at 0.5%, 1% and 1.5%, with thresholds at $62,900 and $315,000 that are indexed every January 1. It is due in cash on closing and cannot be added to your mortgage.
Municipalities outside Montreal may set up to 3% on the amount above $500,000, so the rate on a higher-priced home depends on your city’s by-law — always check it. The City of Montreal sets its own higher brackets, climbing to 4% on the portion over $3.1 million. The worked examples below use the provincial floor; a Montreal or high-end suburban purchase can cost more.
| Purchase price | Total land transfer tax |
|---|---|
| $500,000 | $5,611 |
| $800,000 | $10,111 |
| $1,000,000 | $13,111 |
These figures are computed for a regular (non-first-time) buyer and are due in cash on closing — they cannot be added to your mortgage. For an exact figure on your own price — including first-time-buyer relief — use the land transfer tax calculator.
First-time buyer help
Quebec offers no welcome-tax first-time-buyer rebate. Montreal’s home-purchase assistance is a separate grant program, not a tax rebate, so it does not reduce the droits de mutation you owe on closing.
Good to know
- The welcome tax is usually the largest closing cost in Quebec, is due in cash, and cannot be added to your mortgage.
- Quebec assesses the tax on the greatest of the purchase price, the deed amount, or the municipal assessment multiplied by a comparative factor.
- Municipalities outside Montreal can set up to 3% above $500,000 — confirm your city’s by-law before budgeting.
- Montreal uses its own higher brackets (to 4% over $3.1M), so a Montreal purchase can cost more than the provincial-floor examples below.
- The $62,900 and $315,000 thresholds are indexed every January 1.
Run the numbers for Quebec
Rates are national; your closing cost is local. Calculate exactly what you'll pay.
Frequently asked questions
Are mortgage rates different in Quebec?
No. Mortgage rates in Canada are national — lenders quote the same five-year fixed or variable rate in Quebec as anywhere else. The verified offers above apply to Quebec buyers exactly as they do across the country. What changes is the closing cost, led by the welcome tax.
How much is the welcome tax in Quebec?
The welcome tax (droits de mutation) is graduated at 0.5%, 1% and 1.5%, with thresholds at $62,900 and $315,000 that index every January 1. On an $800,000 home at the provincial floor it comes to about $10,111. Municipalities outside Montreal may add up to 3% above $500,000, and Montreal sets its own higher brackets, so your actual bill depends on the city.
Do first-time buyers get relief in Quebec?
There is no welcome-tax rebate for first-time buyers in Quebec. Montreal does run a separate home-purchase assistance grant, but that is a grant program, not a reduction of the droits de mutation — you still owe the full welcome tax on closing.
Does Montreal charge more welcome tax?
Yes. The City of Montreal sets its own higher brackets, climbing to 4% on the portion of the price over $3.1 million. Municipalities outside Montreal may also set up to 3% on amounts above $500,000. Always check your specific city’s by-law, because the provincial floor is only a starting point.
Educational content, not financial advice or a rate guarantee. Mortgage rates are national; lender specials were read at each lender's own page on the stamped date and change without notice. Land transfer tax brackets, rates and rebates verified June 12, 2026 at official government sources and computed by RetireSmarter's land-transfer-tax engine — always confirm your exact figure with your lawyer or the relevant authority before closing.