How to Make the Most of nesto’s Moving Day Mortgage Rate Lock Offer in Quebec

Moving Day in Quebec isn’t just a date on the calendar—it’s practically a cultural event. Every year, July 1st sees thousands of people across the province packing boxes, loading trucks, and settling into new homes. But if you’re one of those planning a big move this year, there’s more to celebrate than just a fresh start. nesto has brought a little extra excitement to the table by offering an extended rate lock window that could save you thousands—and a ton of stress.

If you’re shopping for a mortgage or thinking of renewing soon, here’s how you can take full advantage of nesto’s Moving Day promotion and lock in your mortgage rate until July 15, 2023.

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What Is nesto’s Moving Day Promotion?

nesto’s regular mortgage rate lock policy allows you to secure a competitive fixed mortgage rate for 120 days. That’s already one of the longest guaranteed rate holds available in the Canadian mortgage market. But to celebrate Quebec’s Moving Day, nesto is going even further.

Between now and March 17, 2023, nesto clients in Quebec can lock in their mortgage rate and extend their rate hold all the way until July 15, 2023—even if that’s longer than the standard 120-day window.

In plain terms, the earlier you lock in your rate before March 17, the longer your guaranteed rate window will be. That’s a major win if you’re moving this summer, especially considering how volatile mortgage rates have been recently.

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Real-Life Example: How Much Time Do You Really Get?

Let’s say you’re planning to move into your new home on July 1st, and you’re looking to secure a fixed mortgage rate now to avoid any future rate hikes. Here’s what locking in early with nesto could look like:

• If you secured your rate on February 1, 2023, you’d get a 165-day rate hold.
• Lock it in on February 15, 2023, and you’re guaranteed that low rate for 150 days.
• Even on the final qualifying date, March 17, 2023, you’ll still enjoy the standard 120-day hold—which still takes you right to July 15.

That’s not just extra time—it’s extra protection. Many traditional lenders won’t even start offering rate locks for summer closings until March. But nesto is giving you a full month’s head start, which could mean locking in at a rate that’s significantly lower than what’ll be available come spring.

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Why This Matters in a Rising Rate Environment

Over the past year, we’ve all watched mortgage rates inch higher—sometimes faster than expected. Fixed mortgage rates in particular are sensitive to bond market movements and inflation signals, and with continued uncertainty in the global economy, nobody can say for sure where rates will go next.

That’s why locking in a low rate early can be one of the smartest financial decisions you make when buying a home or renewing your mortgage. Even if rates hold steady or drop slightly, you’ve already protected yourself from the possibility of paying more. And if rates rise—which many economists believe they will—you’ll be grateful you acted when you did.

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Who Can Benefit From This Offer?

This Moving Day promotion is ideal for:

• First-time buyers aiming to close this summer but want financial predictability now
• Homeowners renewing their mortgage in the next few months and hoping to avoid spring rate hikes
• Buyers in the pre-construction or planning phase, who aren’t ready to close just yet but want to secure a favourable rate while it’s available

Since the promotion is only available to Quebec residents, it’s tailored specifically to the province’s unique Moving Day traditions. If you’re one of the thousands planning to relocate on July 1st—or even later in the month—this is your window to gain peace of mind and possibly save big on interest.

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How to Lock in Your Rate Before the Deadline

Taking advantage of this offer is simple. All you need to do is start your mortgage application with nesto before March 17, 2023. Once your application is in the system, your rate will be locked for as long as needed—up to July 15.

This applies whether you’re choosing a 2, 3, 4, or 5-year fixed mortgage term. So you have flexibility in how you want to structure your loan, while still benefiting from the extended rate hold.

It’s also worth noting that nesto’s rate lock is fully commitment-free. That means you’re under no obligation to go through with the deal if your plans change—but you still have the option to move forward with your secured rate when the time comes.

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Final Thoughts: Play Ahead, Not Catch Up

With so many moving parts in a home purchase—timing, inspections, approvals, closing costs—anything that gives you more breathing room is worth grabbing. And that’s exactly what nesto’s Moving Day promotion does. It gives you extra time, extra certainty, and a head start on one of the biggest financial decisions of your life.

If you’re planning to move in Quebec this summer, don’t wait until spring like everyone else. Get ahead of the crowd, lock in today’s rate, and let your future self thank you later.