Find the Best Mortgage
Rates in Beloeil

As of Friday, November 6, 2026, nesto’s best insured rates in Beloeil are 4.59% for a 5-year fixed mortgage, 4.54% for a 3-year fixed mortgage and 3.66% for a 5-year variable mortgage. Compare all of nesto’s rates to find the best offer for your term and down payment.

Not sure which term to pick? Our guide to fixed vs variable mortgages explains how to choose, and the mortgage rates forecast tracks where rates could go next. For prices, sales and listings, see the Quebec housing market outlook and the Montréal housing market outlook.

Mortgage and Economic Update

Bank of Canada Rate Announcement

The Bank of Canada (BoC) raised its policy rate by 25 basis points to 2.50% at its October 28 announcement, its first increase since July 2023 after seven consecutive holds. Governing Council said it raised the rate “to reduce the risk that continuing high energy prices spread broadly to the prices of other goods and services.” In its October Monetary Policy Report, the Bank raised its inflation outlook: CPI inflation is expected to rise to about 3.5% by the end of the year, average 3% in 2027, a percentage point above its July projection, and come down to 2% in the middle of 2028. It also revised growth up to 1% in 2026 and 2% in 2027 and 2028.

The Bank left the door open to further increases: “There could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully.” Governor Tiff Macklem said Governing Council would take future decisions “one meeting at a time.” Bond markets put the odds of a 25-basis-point hike at the Bank’s December 9 announcement at 44%, against 56% for a hold. That decision comes without a new Monetary Policy Report, so the October jobs report on November 6 and the October inflation report on November 16 carry more weight. On inflation expectations, the Bank said, “near-term household and business inflation expectations have risen, while longer-term inflation expectations remain well anchored.” Markets imply 99% for a hike by January 27.

A Bank of Canada decision affects fixed and variable mortgages differently. If you hold a variable-rate mortgage (VRM) or an adjustable-rate mortgage (ARM), a rate change flows through directly, adjusting your principal-and-interest split (VRM) or your monthly payment itself (ARM), within days of your lender updating its prime rate. If you hold a fixed-rate mortgage, nothing changes until your term ends, since your rate and payment are locked for the full term. Either way, the next decision, on December 9, is the one to watch if you’re renewing or shopping for a new mortgage soon.

GDP and Jobs Update

Statistics Canada reported that real GDP was essentially unchanged in August, the second straight flat month, below its advance estimate of a 0.2% gain, with 9 of 20 industrial sectors growing. Its advance estimate points to a 0.1% decline in September, and the industry data suggest the economy expanded 0.3% in the third quarter, about 1.3% annualised. That is below the roughly 2% the Bank of Canada projected for the quarter, and the Bank expects growth to slow further in the fourth quarter as new US tariffs weigh on activity. Second-quarter growth stands at an annualised 3.3%, so Canada has not entered a technical recession. The labour market has cooled further: the Labour Force Survey showed employment down 68,000 in September, a second straight monthly decline following August’s 42,000 drop, while the unemployment rate edged up to 6.5% from 6.4%. Average hourly wages rose 2.3% from a year earlier, up from 2% in August. October jobs data arrive on November 6, and third-quarter GDP follows on November 30.

Real Estate Market Update

The Canadian Real Estate Association (CREA) reports that national home sales fell 2.3% month over month in September 2026 on a seasonally adjusted basis, after a four-month run of modest gains, with actual sales 7.7% below September 2025. New listings fell 1.8% from August, and the sales-to-new-listings ratio eased to 48.8% from 49.1%, in balanced territory but below its long-term average of 54.7%. The MLS Home Price Index edged down 0.4% from August and stood 3.4% below September 2025, while the national average home price was $666,538, down 1.6% from a year earlier. Just over 200,000 properties were listed for sale, up 1.8% from last year, equal to 4.9 months of inventory and in line with the long-term average. CREA’s chair, Garry Bhaura, said the latest jump in fixed mortgage rates makes the mortgage side harder for prospective buyers but should also mean more homes to choose from and more negotiating power. CMHC reported that housing starts rose 3% in September to a seasonally adjusted annual rate of 248,896 units, up from 242,223 in August. However, new housing starts in urban centres with 10,000 or more inhabitants were down 11% from a year earlier. The Bank of Canada expects housing to remain relatively weak, as affordability constraints, slow population growth and rising borrowing costs weigh on demand. CREA releases its October figures on November 17.

CPI Inflation Update

Inflation rose to 3.1% year-over-year in September from 3% in August. Gasoline prices were 27.8% higher than a year earlier, up from 22.8% in August, even with the switch to cheaper winter-blend fuel. Excluding gasoline, inflation eased to 2.2% from 2.4%, and the Bank’s core measures eased too, with the trimmed-mean rate at 1.8%, the median rate at 1.9% and the common rate at 2.4%. Smaller annual gains in travel tours and groceries held back the all-items rate: grocery prices rose 1.7%, the smallest annual gain since May 2024 and the second straight month below the all-items rate. Rent growth held at 2.8%, and the mortgage interest cost (MIC) index fell 0.2%. Heating oil and other fuels rose 57.8%, and the Atlantic provinces, where heating oil is more common, felt it most. In its October Monetary Policy Report, the Bank of Canada put September energy inflation at 19% and expects CPI inflation to rise to about 3.5% by the end of the year. October figures are released on November 16.

Quebec Housing Market Statistics

These figures cover the whole province of Quebec. Prices are benchmark prices from the CREA MLS Home Price Index (HPI), which tracks a typical home of a given type rather than the median or average sale price. Sales and new listings come from the Quebec Professional Association of Real Estate Brokers (QPAREB).

• Benchmark price, all home types (as of September 2026): $537,100
• Change in the benchmark price over the past year: increased by 1.13%
• Benchmark price, single-family home: $610,400, increased by 1.60% over the past year
• Benchmark price, condo: $408,900, increased by 0.86% over the past year
• Home sales in Quebec (as of September 2026): 7,045
• New listings in Quebec (as of September 2026): 15,378
• Sales-to-new-listings ratio in Quebec: 45.8%, indicating a balanced market
• Quebec homeownership rate (2021 Census): 59.9% (Statistics Canada)

Housing Market in Quebec’s Main Cities

Each city’s benchmark price covers only that market, so it differs from the Quebec figure above, which covers the whole province. Where we don’t track a city separately, such as Laval, Longueuil or Gatineau, the Quebec figures above are the best guide.

City or region	Benchmark price, all home types	Change over the past year
Montréal	$578,200	increased by 0.02%
Quebec City	$445,800	increased by 4.70%
Central Quebec	$366,600	increased by 8.62%
Estrie	$475,400	increased by 7.31%
Mauricie	$331,200	increased by 6.09%

QPAREB’s sales and new listings for the two largest markets, as of September 2026:

Market	Home sales	New listings	Sales-to-new-listings ratio
Montréal area	3,082	7,494	41.1%
Quebec City area	776	1,403	55.3%

Mortgage Options in Beloeil

Beloeil conventional mortgage: A conventional, or uninsured, mortgage requires a 20% or more down payment. There is no purchase price limit, and you can amortize it over up to 30 years with prime lending. However, your lender may have lending limits based on the area of your interest within the province. You don’t require mortgage default insurance since your substantial down payment already protects the lender if you default.

Beloeil high-ratio mortgage: A high-ratio, or insured, mortgage lets you buy with less than 20% down and requires mortgage default insurance to protect the lender. The minimum down payment is 5% on the first $500,000 of the price and 10% on the portion up to $1.5 million, and the amortization is up to 25 years. It can reach 30 years if at least one borrower is a first-time buyer or the home is newly built (CMHC).

Beloeil fixed-rate mortgage: A fixed-rate mortgage locks in your interest rate for the term, so your principal and interest payments stay the same. If you break the mortgage before the end of your term, the penalty is the greater of the interest rate differential (IRD) or 3 months’ interest. At nesto, we calculate the penalty on your actual rate, with no reinvestment fee added, and our mortgage penalty calculator shows the difference.

Beloeil variable-rate mortgage: The rate on a variable-rate mortgage changes with your lender’s prime rate. With an adjustable-rate mortgage (ARM), your payment changes whenever the prime rate changes: the principal portion stays fixed, and the interest portion rises or falls. With a variable-rate mortgage (VRM), the payment stays fixed, and the interest-to-principal split changes instead. At nesto, variable mortgages are adjustable-rate mortgages (ARM), so there is no trigger rate.

What Affects My Mortgage Rate in Beloeil

Lenders price your rate based on your credit score, income and down payment, measured by your loan-to-value (LTV) ratio, which plays the biggest role in your pricing, plus the mortgage’s risk, the loan’s purpose and the property it secures. The factors that matter most are:

• Down payment – Your down payment sets your LTV ratio and decides whether you need mortgage default insurance. Insured mortgages (less than 20% down) can be used on homes up to $1.5 million. Insurable mortgages (20% or more down) are limited to homes under $1 million and a 25-year amortization. Both usually get better rates than uninsured mortgages because the lender carries less risk.
• Amortization – An uninsured mortgage (20% or more down) can be amortized over up to 30 years with prime lending, and it usually carries a higher rate to cover the added risk to the lender. An insured mortgage is limited to 25 years, or 30 years for first-time buyers and newly built homes.
• Property usage – A primary residence (owner-occupied) generally gets a lower rate. An investment property you plan to rent out usually gets a higher rate. A primary residence with a second, separate, legally registered suite counts as an owner-occupied rental and gets the same rates as a primary residence.
• Mortgage type – Open mortgages cost more than closed mortgages because of the added flexibility, with refinances costing more than renewals and new purchases.
• Credit score – Your credit score determines which lenders will approve you. With good to excellent credit, you can usually use prime lending and get the best rates. With a lower score, you may need an alternative lender, which charges higher rates to offset the lender’s risk. CMHC requires a minimum score of 600 for at least one borrower on an insured mortgage.

First-Time Home Buyer Programs in Quebec

First-time buyers in Quebec can combine provincial, federal and municipal help, and our guide to first-time home buyer incentives in Quebec covers them all. Our guide to buying a house in Quebec walks through each step.

Quebec tax credit for access to homeownership – First-time buyers who acquire a home after December 31, 2025 can claim a refundable credit of up to $5,875 against the welcome tax, after they pay the bill. The credit is the first $5,000 at 100% plus 25% of the next $3,500, and it shrinks for homes priced above $750,000 (Revenu Québec).

Federal First-Time Home Buyers’ Tax Credit (HBTC) – This federal program lets first-time buyers claim up to $10,000 in tax credit, worth up to $1,400, to help offset closing costs (CRA).

First Home Savings Account (FHSA) and Home Buyers’ Plan (HBP) – The FHSA lets you save tax-free toward a first home, and the Home Buyers’ Plan lets you withdraw up to $60,000 from your RRSPs and repay it over 15 years.

Quebec City Accès Famille program – Quebec City offers eligible families an interest-free loan with no payments toward the down payment on a new or existing home. The criteria and amounts depend on your family situation, so check the City of Québec program page before you buy.

Montréal Home Purchase Assistance Program – Montréal stopped accepting new applications on July 7, 2026, after the provincial refundable credit above replaced it. Applications received before that date are still processed (Ville de Montréal).

Welcome Tax (Land Transfer Tax) in Quebec

Quebec’s land transfer tax, called the welcome tax or property transfer duties (droits de mutation), is paid to the municipality after the deed is registered. In 2026, the provincial brackets are 0.5% up to $62,900, 1% from $62,900 to $315,000 and 1.5% above $315,000, and the limits are indexed every year. Outside Montréal, a municipality can charge higher rates on the part of the taxable base above $500,000. Montréal follows the provincial brackets up to $552,300, then charges 2% to $1,104,700, 2.5% to $2,136,500, 3.5% to $3,113,000 and 4% above that (Ville de Montréal).

Here’s what that means on four purchase prices in 2026, before any first-time buyer credit:

Purchase price	Provincial brackets	Montréal
$300,000	$2,686	$2,686
$500,000	$5,611	$5,611
$700,000	$8,611	$9,349
$1,000,000	$13,111	$15,349

The figures above use the purchase price as the taxable base and exclude notary fees and other closing costs; a municipality outside Montréal may charge more than the provincial brackets above $500,000. Use nesto’s Quebec land transfer tax calculator to estimate your own bill.

How to Find the Best Mortgage Rate in Beloeil

• Step 1: Understand your credit score. Before you apply, check your credit score regularly to catch and fix errors. If needed, improve it first to help with approval (see what credit score you need to get a mortgage).
• Step 2: Determine your borrowing capacity. To find the right mortgage, calculate how much you can afford based on your income and down payment, then use the mortgage payment calculator for Quebec to see the monthly cost.
• Step 3: Know your mortgage needs. Compare the features, risks and costs of different mortgages. Careful research helps you choose the one that fits your immediate and long-term needs.
• Step 4: Find a suitable mortgage strategy. Your strategy shouldn’t rest on the lowest rate alone. Get expert guidance on the best strategy for your homeownership goals, even if it isn’t the lowest rate.
• Step 5: Compare rates and terms. Not all mortgages are equal. A lender like nesto can help you compare rates and terms across several lending solutions.
• Step 6: Get pre-qualified for a mortgage. Nesto’s pre-qualification reviews your down payment and financial stability and tells you the maximum mortgage amount you can afford based on current rates. It helps you set realistic expectations and narrow your home search to your budget.

Quebec Mortgage Rates