Current Mortgage Interest Rates in Quebec: September 2025
Current Mortgage Interest Rates in Quebec: September 2025
As of September 2025, mortgage interest rates in Quebec are reflecting a complex economic landscape influenced by various factors, including inflation, the Bank of Canada's monetary policy, and housing market conditions. Understanding these rates is crucial for potential homebuyers, investors, and homeowners looking to refinance.
Current Mortgage Rates Overview
According to recent data, the average mortgage interest rates in Quebec are as follows:
- Fixed-rate mortgages (5 years): Approximately 5.50%
- Variable-rate mortgages: Around 4.85%
These rates can vary significantly based on the lender, the borrower’s creditworthiness, and the specific terms of the mortgage. For example, first-time homebuyers may qualify for slightly lower rates under special programs offered by various financial institutions.
Factors Influencing Mortgage Rates
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Bank of Canada Policy: The Bank of Canada has maintained a cautious approach to interest rates. Following a series of rate hikes in 2022 and 2023 to combat inflation, the current stance appears to be one of stability. As noted in their recent reports, the Bank is closely monitoring economic indicators to make future adjustments Bank of Canada.
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Inflation Rates: As of September 2025, inflation is reported at 3.2% year-over-year, which has a direct impact on interest rate movements. When inflation is high, lenders tend to increase rates to maintain profit margins.
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Housing Market Trends: The real estate market in Quebec has shown resilience despite rising interest rates. According to the Quebec Professional Association of Real Estate Brokers (QPAREB), the average price of a home in Quebec has adjusted to approximately $420,000, which is a slight increase from the previous year. This uptick in prices can influence mortgage demand and, subs
