Quebec Housing Market Outlook 2026

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Housing in Québec Sees Resilience Amid Moderate Activity

According to the Gouvernement du Québec and provincial data from the QPAREB, the real estate market is entering a more moderate phase in 2026. Despite cooling, intentions to buy remain stable, with 21% of Quebecers still planning a purchase within the next five years.

Scarcity Drives Competition in a Seller Market

Sales activity in the province remains structurally tight, especially in the Quebec City area, where a historic shortage of properties continues to curb sales while supporting price growth. The supply of properties listed for sale in Quebec City fell for the 25th consecutive month, reaching its lowest level ever recorded in February.

• The median price for single-family homes in Quebec City rose 13% year-over-year to reach a new benchmark.
• Nearly 45% of transactions in Quebec City were concluded through an overbidding process, virtually unchanged from last year.
• Across the province, the number of mortgages grew by 10.7% compared to last year, totalling 18,584 registrations in the most recent monthly count.
• Single-family homes in Montreal also hit a new peak median price of $639,000 in February.

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Quebec Housing Market Highlights

• The average selling price of a home in Quebec increased by 6.9% year-over-year to $547,800 in February.
• The average selling price of a single-family home in Quebec increased by 6.3% year-over-year to $616,400 in February.
• The average selling price of a townhouse/multiplex in Quebec increased by 5.3% year-over-year to $591,400 in February.
• The average selling price of a condo in Quebec increased by 7.7% year-over-year to $424,200 in February.
• The average rent in Quebec decreased by 3% year-over-year to $1,916 for February.
• March 26, 2026: Today’s lowest mortgage rate in Québec is 4.04% for a 5-year fixed.

Data from the Quebec Professional Association of Real Estate Brokers (QPAREB) indicates that the average price of resale residential homes sold across Quebec in February was $547,800, and itincreased of 6.9% compared to a year ago.

QPAREB also reported a sales-to-new-listings ratio (SNLR) of 57%, indicating Balanced market conditions in Quebec for February.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% indicates a buyer’s market, where buyers hold the upper hand and greater 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

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Quebec Market Rents Snapshot

The average rent in Quebec was $1,916 for the month of February, which decreased by year over year.

The average rent for a 1-bedroom apartment in Quebec was $1,686 for the month of February, which decreased by year over year.

The average rent for a 2-bedroom apartment in Quebec was $2,178 for the month of February, which decreased by year over year

Rental Price Changes by City

Rank	CITY	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,969	$2,465	$3,330	−4.4%
2	Vancouver	$2,672	$2,376	$3,289	−4.5%
3	North York	$2,524	$2,119	$2,689	0.00%
4	Burnaby	$2,517	$2,099	$2,788	−6.6%
5	Coquitlam	$2,513	$2,051	$2,750	−6.3%
6	Toronto	$2,482	$2,201	$2,857	−6.8%
7	Oakville	$2,456	$2,188	$2,524	−21.3%
8	Kanata	$2,405	$2,251	$2,564	−14.3%
9	Etobicoke	$2,375	$2,092	$2,548	−8.4%
10	Mississauga	$2,373	$2,077	$2,478	−7.6%
11	Burlington	$2,356	$2,052	$2,435	−5.0%
12	Langley	$2,344	$2,069	$2,467	−1.2%
13	Scarborough	$2,294	$1,926	$2,387	−6.8%
14	Kingston	$2,287	$1,927	$2,455	23.00%
15	Brampton	$2,282	$1,986	$2,302	−2.8%
16	Victoria	$2,271	$1,998	$2,607	−3.3%
17	Halifax	$2,269	$2,023	$2,550	1.80%
18	East York	$2,267	$1,913	$2,498	−8.8%
19	Vaughan	$2,254	$2,072	$2,516	−5.6%
20	Waterloo	$2,223	$2,055	$2,329	−9.2%
21	Ajax	$2,217	$1,812	$2,251	−0.5%
22	Guelph	$2,183	$1,973	$2,241	−8.6%
23	Barrie	$2,154	$1,926	$2,172	0.20%
24	Ottawa	$2,143	$1,960	$2,489	−2.3%
25	New Westminster	$2,131	$1,887	$2,650	−5.1%
26	Hamilton	$2,115	$1,767	$2,258	8.50%
27	Laval	$2,105	$1,711	$2,343	8.70%
28	Surrey	$2,090	$1,801	$2,236	−7.4%
29	Greater Sudbury	$2,080	$1,897	$2,145	−5.8%
30	Nanaimo	$2,057	$1,812	$2,324	7.20%
31	Cambridge	$2,039	$1,802	$2,104	−6.1%
32	Kitchener	$2,019	$1,790	$2,143	−4.6%
33	Oshawa	$2,018	$1,746	$2,058	−4.8%
34	Kamloops	$2,018	$1,773	$2,180	5.50%
35	Brantford	$1,996	$1,820	$2,103	2.80%
36	Kelowna	$1,994	$1,703	$2,142	−9.9%
37	Brossard	$1,973	$1,799	$2,049	−9.0%
38	Peterborough	$1,956	$1,711	$1,995	−0.6%
39	Montreal	$1,925	$1,722	$2,257	0.10%
40	Airdrie	$1,914	$1,442	$1,702	−4.3%
41	London	$1,912	$1,647	$2,048	−6.1%
42	Niagara Falls	$1,901	$1,615	$1,936	−9.2%
43	Calgary	$1,870	$1,531	$1,844	−3.9%
44	Gatineau	$1,869	$1,639	$2,049	−8.2%
45	St. Catharines	$1,832	$1,626	$1,937	−2.7%
46	Sarnia	$1,761	$1,538	$1,836	−4.0%
47	Welland	$1,704	$1,546	$1,872	1.70%
48	Winnipeg	$1,671	$1,427	$1,800	3.20%
49	Windsor	$1,657	$1,517	$1,825	−1.5%
50	Edmonton	$1,590	$1,302	$1,639	−0.7%
51	Côte Saint-Luc	$1,567	$1,415	$1,802	−21.9%
52	Red Deer	$1,556	$1,282	$1,511	2.10%
53	Saskatoon	$1,555	$1,329	$1,555	2.10%
54	Lethbridge	$1,502	$1,361	$1,582	0.00%
55	Regina	$1,454	$1,259	$1,521	3.30%
56	Quebec City	$1,444	$1,341	$1,597	−15.2%
57	Medicine Hat	$1,364	$1,240	$1,386	−0.6%
58	Fort McMurray	$1,353	$1,165	$1,411	−0.7%
59	Lloydminster	$1,255	$1,090	$1,354	8.40%
60	St. John's	$1,163	$1,084	$1,253	−5.1%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Quebec?

Each $100,000 in mortgage balance costs an average of $520.07 per month on nesto’s lowest fixed 5-year rate at 4.04% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About Québec Housing Market Outlook for 2026

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nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

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