Best 3-year fixed mortgage rates in Quebec.
Today’s best 3-year fixed rate in Quebec is 4.09%. We compare 3-year fixed rates across 50+ Canadian lenders for Quebec and lock your best on one application — no bureau pull to start.
The best 3-year fixed rate in Quebec today is approximately 4.09% — about $2,166/month on Quebec’s benchmark price of $510,000 with 20% down over a 25-year amortization. A 3-year fixed is the hedge term — certainty without locking in a five-year rate at the top of the cycle. Desjardins (Quebec's largest financial cooperative) and National Bank dominate the Quebec mortgage market with deeply localized products.
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Quebec rates →
Quebec mortgage payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.09% | $2,166/mo |
| 5-Year VariableLowest | 3.60% | $2,059/mo |
| 3-Year Fixed | 4.09% | $2,166/mo |
| 3-Year Variable | 3.90% | $2,124/mo |
| 2-Year Fixed | 4.14% | $2,177/mo |
| 1-Year Fixed | 4.74% | $2,313/mo |
| 4-Year Fixed | 4.09% | $2,166/mo |
| 7-Year Fixed | 4.44% | $2,245/mo |
| 10-Year Fixed | 5.34% | $2,453/mo |
Is a 3-year fixed right for you in Quebec?
Who it suits. Borrowers who want fixed-rate certainty but don't want to commit to five years when they expect rates to be lower at renewal. It's a popular middle path for renewers in a falling-rate environment and for anyone whose plans (a move, a growing family, a career change) sit roughly three years out.
What drives the rate. The 3-year fixed follows the 3-year Government of Canada bond. When markets price in rate cuts, the 3-year often sits below the 5-year fixed — letting you lock a payment now and re-shop sooner, closer to the bottom of the cycle.
Breaking it early. Like all fixed terms it uses the greater of three months' interest or IRD, but because the term is shorter the IRD window shrinks faster, so the penalty tends to be smaller than a 5-year fixed's by the back half of the term.
The most popular shorter fixed term, and rising whenever cuts are expected. You give up two years of locked certainty to keep the option of renewing into a lower rate sooner.
What’s specific to Quebec
The Quebec rate market. Desjardins (Quebec's largest financial cooperative) and National Bank dominate the Quebec mortgage market with deeply localized products. Desjardins frequently offers competitive rates with simplified closing through their integrated notary network. French-language service is mandatory for many borrowers — we have French-speaking advisors available.
Top Quebec lenders to compare. Quebec’s 3-year fixed pricing is shaped by a distinct lender mix — Desjardins, National Bank, RBC, Scotiabank, Laurentian Bank and others all bid for files here, and we shop the whole panel on one application. Foreign-buyer rules: Federal foreign-buyer ban applies (extended to 2027). Quebec does not have its own NRST.
Closing costs. On top of the rate, budget for quebec welcome tax (droits de mutation) — tiered tax of 0.5%–3% on purchase price, billed several months after closing (not at closing like Ontario LTT). Montreal first-time buyers can claim a $5,000 rebate via the Home Ownership Program; other municipalities have their own programs. Run the full number in our Quebec land transfer tax calculator.
A worked example for Quebec
On Quebec’s benchmark price of $510,000 with 20% down ($102,000), the mortgage is $408,000. At today’s best 3-year fixed rate of 4.09% over a 25-year amortization, that’s about $2,166/month using Canadian semi-annual compounding. That payment is locked for the full term. Model your own price in the payment calculator.
Whatever your situation in Quebec
First home, renewal, refinance, self-employed or bruised credit — there's a 3-year fixed path for your file, with the same 50+ lender network.
First-time buyers
5% down to your first Quebec home, with FHSA + RRSP HBP optimization.
Refinancing
Unlock Quebec equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew — most clients beat their bank's first offer by 30-60 bps.
Self-employed
Business-for-self files priced right — A-lender, alt-A and private compared.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
New to Canada
Newcomer programs at the big banks; international credit accepted.
6 reasons to lock your Quebec 3-year fixed rate through a broker
Why Quebec borrowers shop the whole market instead of signing their bank's first 3-year fixed offer.
50+ lenders compete — not one
A Quebec bank shows you a single 3-year fixed rate sheet. We put your file in front of 50+ lenders who bid for it, then pass on the volume pricing we hold as a brokerage.
Broker-channel pricing
The wholesale rate brokers access is typically 15-30 bps below a bank's posted rate — you can't get it walking into a branch.
Built for the Quebec market
Desjardins (Quebec's largest financial cooperative) and National Bank dominate the Quebec mortgage market with deeply localized products.
Your rate held 90-120 days
A pre-approval locks today's 3-year fixed rate while you shop — and many lenders honour a drop if rates fall before you close.
No bureau pull to start
We can shop your Quebec 3-year fixed rate and pre-qualify you without a hard credit check, so comparing costs you nothing.
Best-rate guarantee
We'll beat any comparable Big-6 3-year fixed offer or pay you $500 — and our advice is free, because the lender pays our commission on funding.
Why shop your Quebec 3-year fixed rate with us
- 50+ lenders on one application — banks, monolines, and Quebec credit unions like Desjardins and National Bank.
- Broker-channel rates 15-30 bps below posted, only a brokerage can access.
- Quebec-specific guidance — land transfer tax, rebates, and local lender fit built in.
- FSRA-licensed advice in 50+ languages, online or in person.