Quebec Housing Market Outlook 2025
Table of contents
Quebec Market Report Summary
- The average selling price of a home in Quebec increased by 7.9% year-over-year to $526,100 in August 2025.
- The average selling price of a single-family home in Quebec increased by 8.7% year-over-year to $594,900 in August 2025.
- The average selling price of a townhouse/multiplex in Quebec increased by 2.4% year-over-year to $560,500 in August 2025.
- The average selling price of a condo in Quebec increased by 5.7% year-over-year to $404,600 in August 2025.
- The average rent in Quebec unchanged by 0% year-over-year to $1,959 for August 2025.
- September 21, 2025: Today’s lowest mortgage rate in Québec is
for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Quebec was $526,100 for the month of August 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, Quebec home prices have increased 7.9% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $594,900 for the month of August 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, single-family home prices in Quebec have increased by 8.7% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $560,500 for the month of August 2025, that’s decreased by 3.6% compared to the previous month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 2.4% over the last 12 months.
Condo Prices
The average selling price of a condo in Quebec was $404,600 for the month of August 2025, that’s decreased by 0.5% compared to the previous month. On a year-over-year basis, the price of a condo in Quebec has increased 5.7% over the last 12 months.
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Quebec Housing Market Summary
Data from the Quebec Professional Association of Real Estate Brokers (QPAREB) indicates that the average price of resale residential homes sold across Quebec in August 2025 was $526,100, and it increased of 7.9% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 63%, indicating a Sellers in Quebec for August 2025.
Québec Records Price Growth Despite Economic Pressures
According to the Québec Professional Association of Real Estate Brokers (QPAREB) for August 2025, Québec’s housing market continues to show resilience even as the province’s economy weakens under the weight of new US tariffs. While GDP fell 0.5% in May and unemployment rose to 6% in August, residential home sales increased 12% in the first half of 2025 compared to the same period last year.
Home Sales Activity Climbs While Supply Remains Tight
The first half of 2025 saw robust demand with resale transactions rising sharply across Québec. This activity has been supported by relatively lower mortgage rates paired with a limited housing supply. The median price of single-family homes reached $493,000 from January to June, a 10% annual increase and a new provincial record.
- Provincial GDP declined 0.5% in May following a 0.2% dip in April.
- Exports dropped 13.4% quarter over quarter, led by aluminum.
- Unemployment rate climbed to 6% in August.
- Median single-family home price $493,000, up 10% YoY.
Home Prices Reach Record Levels, But Growth May Slow
Québec’s housing market has so far resisted broader economic headwinds. Home prices remain elevated across most regions, reflecting tight inventory. However, QPAREB warns that as the job market weakens and household confidence softens, sales momentum is likely to moderate. This could ease upward price pressure by year-end, with the potential for prices to stabilize or even dip in some regions if tariffs and unemployment persist.
Montréal Market Activity Picks Up After Lull
Montréal played a leading role in Québec’s housing strength this summer. RBC reported that both home sales and new listings jumped more than 8% in August after months of muted activity, marking the first clear sign of renewed buyer confidence. Median prices rose 7.3% for single-family homes and 3.7% for condos compared with last year, reflecting ongoing demand despite higher borrowing costs. This performance made Montréal one of the strongest contributors to Canada’s national sales growth in August.
Market Resilience Tested By Tariff-Driven Economic Downturn
While markets like Saguenay–Lac-Saint-Jean and Côte-Nord remain exposed to downturns in aluminum exports, housing demand province-wide has not yet contracted. QPAREB senior economist Hélène Bégin explained that “unlike some provinces, the residential real estate market in Québec is showing great resilience despite the economic turmoil. However, if the climate of uncertainty persists and current tariffs remain in place, the economy and labour market will continue to weaken.”
Regional Differences Highlight Strengths in Some Areas
- Greater Montréal remains the province’s growth engine, absorbing new supply quickly and posting steady price appreciation.
- Québec City continues to see balanced gains tied to local employment strength, though the pace may ease if economic conditions worsen.
- Saguenay–Lac-Saint-Jean and Côte-Nord face downside risk due to exposure to the aluminum trade and layoffs.
- Smaller outlying regions continue to benefit from affordability migration out of major urban centres, which is keeping supply tight and demand elevated.
Mortgage Implications For Homebuyers and Sellers in Québec
For buyers, affordability pressures remain high with record home prices, but economic uncertainty could create opportunities for more balanced negotiations later this year. Sellers in the province continue to benefit from low supply and record valuations, though conditions may shift if sales soften. For mortgage holders, lower interest rates may provide some relief even as job security becomes a growing concern.
With the Bank of Canada expected to return to easing monetary policy, Québec borrowers could benefit from slightly lower fixed and variable rates. Homebuyers should maintain pre-approvals to secure today’s qualifying rates. Renewers may want to explore shorter-term commitments to remain flexible, while refinancers can consider leveraging stable equity values before potential price moderation arrives.
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Month-over-Month Expectations for Quebec’s Housing Market
Transactions – Number of Sales
The number of sales in Quebec was 7,109 during August 2025, that’s decreased by 10.8% compared to the previous month. On a year-over-year basis, sales in Quebec have increased by 9.1% over the last 12 months.
New Listings
The number of new listings in Quebec was 11,302 during August 2025, that’s increased by 7% compared to the previous month. On a year-over-year basis, new listings in Quebec have increased by 12.5% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Quebec was 63% during August 2025, indicating a Sellers. On a monthly basis, that’s decreased by 16.6% compared to the previous month. Quebec’s yearly sales to new listings ratio has decreased by 3.1% over the last 12 months.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR under 40% suggests a buyer’s market in which buyers have the upper hand and more negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market.
Annual Changes to Quebec’s Regional Composite Home Prices
Annual Changes to Quebec’s Composite Home Prices
Quebec Market Rents Summary
The average rent in Quebec was $1,959 for the month of August 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a bachelor apartment in Quebec was $1,485 for the month of August 2025, which increased by 5% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Quebec was $1,686 for the month of August 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Quebec was $2,161 for the month of August 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Quebec was $1,686 for the month of August 2025, which unchanged by 0% on a year-over-year basis.
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How Does Renting Compare with Homeownership in Quebec?
Each $100,000 in mortgage balance costs an average of $520.08 per month on nesto’s lowest fixed 5-year rate at
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
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Frequently Asked Questions (FAQ) on Québec Housing Market Outlook for 2025
Will housing prices in Quebec rise or fall in 2025?
Housing prices in Quebec are expected to remain stable, with modest increases in markets like Montréal, Québec City and Gatineau. Affordable pricing compared to Ontario and low supply will maintain demand.
Is the Quebec housing market in a bubble?
Experts do not believe Quebec is in a housing bubble. While Montreal has seen price growth, the market remains balanced due to rising supply and moderate demand.
How affordable will Quebec homes be in 2025?
Quebec housing remains relatively affordable compared to other provinces. Smaller markets like Trois Rivieres and other regional areas offer more entry-level opportunities for homebuyers.
Will mortgage rates in Quebec decline in 2025?
Yes, mortgage rates in Quebec are expected to ease, improving affordability. Buyers should secure pre-approvals to lock in lower rates.
What factors will drive Quebec’s housing market in 2025?
Key drivers include strong regional demand, economic growth, and continued interest in suburban and regional housing.
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