Best mortgage rates - Quebec City

If you are looking to search for the best mortgage rates in Quebec City, you've come to the right place. RateSupermarket.ca compares over 55 mortgage lenders and Quebec City mortgage brokers so you'll be sure to find the best mortgage rates in Quebec City.

You can either go compare Quebec City's current mortgage rates now or look at the latest Quebec City mortgage news listed below.

Quebec City mortgage rate forecast

The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest Housing Market Outlook for Montreal that mortgage rates are expected to continue to decrease throughout 2008 , but will be within 25-50 basis points of their current levels. For 2009, posted mortgage rates will begin to drift up slightly as the year progresses. For 2008 and 2009, the one-year posted mortgage rate is forecast to be in the 6.50- 7.50 per cent range, while three and five-year posted mortgage rates are forecast to be in the 6.75-7.50 per cent range.

Quebec City house prices

The CMHC believes that resales on the MLS shall be down in all major centres of the province in 2008 including Qu�ec with a 4 per cent decline. Despite these declines resale volumes will remain relatively high across these areas. Meanwhile, average prices shall continue to climb, recording growth of between 2% - 10%.

CMHC Quebec City housing market forecast

Census Metropolitan Area		Total Housing Starts	MLS sales	MLS average price
Quebec City	2007	5,284	7,287	$178,212
	2008 (F)	5,000	7,000	$191,000
	2009(F)	4,850	7,200	$201,000