Best 3-year variable mortgage rates in Quebec.
Today’s best 3-year variable rate in Quebec is 3.90%. We compare 3-year variable rates across 50+ Canadian lenders for Quebec and lock your best on one application — no bureau pull to start.
The best 3-year variable rate in Quebec today is approximately 3.90% — about $2,124/month on Quebec’s benchmark price of $510,000 with 20% down over a 25-year amortization. A 3-year variable is a shorter-commitment variable for borrowers who want flexibility and a quick re-shop. 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 variable right for you in Quebec?
Who it suits. Borrowers who like the variable structure but want to revisit the whole mortgage in three years rather than five. It suits people expecting rate cuts who also anticipate a change — selling, refinancing, or restructuring — inside three years.
What drives the rate. Like the 5-year variable, it moves with prime and the Bank of Canada, but the shorter term means you renegotiate sooner. Availability is thinner than the 5-year variable, so the lender mix that offers it matters.
Breaking it early. Three months' interest, the same cheap-exit advantage as any variable — paired here with an even shorter commitment.
A niche term — useful, but offered by fewer lenders than the 5-year variable. You get maximum flexibility but give up the longer rate hold a 5-year term provides.
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 variable 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 variable rate of 3.90% over a 25-year amortization, that’s about $2,124/month using Canadian semi-annual compounding. That payment moves with prime over the 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 variable 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 variable rate through a broker
Why Quebec borrowers shop the whole market instead of signing their bank's first 3-year variable offer.
50+ lenders compete — not one
A Quebec bank shows you a single 3-year variable 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 variable 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 variable 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 variable offer or pay you $500 — and our advice is free, because the lender pays our commission on funding.
Why shop your Quebec 3-year variable 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.