Best Mortgage Rates Quebec City
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Best Variable Closed Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
|
2.75% | 5 Years | Lower rates available on demand in Quebec. | Get Rate |
Rates updated February 3, 2012 09:30:38 | ||||
Best Variable Open Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
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4.00% | 3 Years | Get Rate | |
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3.50% | 5 Years | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
Best Fixed Closed Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
|
4.40% | 6 Month | Get Rate | |
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2.74% | 1 Year | Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E | Get Rate |
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2.69% | 2 Years | Get Rate | |
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2.79% | 3 Years | Get Rate | |
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2.99% | 4 Years | lower rates are available on request | Get Rate |
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3.15% | 5 Years | Ask about lower rates that are available | Get Rate |
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3.99% | 6 Years | Get Rate | |
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3.89% | 7 Years | Get Rate | |
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6.55% | 8 Years | Get Rate | |
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5.79% | 9 Years | Get Rate | |
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3.89% | 10 Years | Get Rate | |
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9.25% | 15 Years | Get Rate | |
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9.25% | 18 Years | Get Rate | |
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9.35% | 25 Years | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
Best Fixed Open Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
|
|
6.20% | 6 Month | Get Rate | |
|
6.30% | 1 Year | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
More About Quebec City
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 Quebec 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 |
|---|---|---|---|
| 2007 | 5,284 | 7,287 | $178,212 |
| 2008 (F) | 5,000 | 7,000 | $191,000 |
| 2009(F) | 4,850 | 7,200 | $201,000 |
Source = CMHC | |||