Quebec Housing Market Outlook 2025
Table of contents
Quebec Market Report Summary
- The average selling price of a home in Quebec increased by 9.5% year-over-year to $531,100 in July 2025.
- The average selling price of a single-family home in Quebec increased by 10.5% year-over-year to $600,500 in July 2025.
- The average selling price of a townhouse/multiplex in Quebec increased by 5.2% year-over-year to $581,200 in July 2025.
- The average selling price of a condo in Quebec increased by 6.2% year-over-year to $406,800 in July 2025.
- The average rent in Quebec decreased by 0.7% year-over-year to $1,952 for July 2025.
- August 28, 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 $531,100 for the month of July 2025, that’s increased by 0.3% compared to the previous month. On a year-over-year basis, Quebec home prices have increased 9.5% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $600,500 for the month of July 2025, that’s increased by 0% compared to the previous month. On a year-over-year basis, single-family home prices in Quebec have increased by 10.5% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $581,200 for the month of July 2025, that’s increased by 1.3% compared to the previous month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 5.2% over the last 12 months.
Condo Prices
The average selling price of a condo in Quebec was $406,800 for the month of July 2025, that’s increased by 1% compared to the previous month. On a year-over-year basis, the price of a condo in Quebec has increased 6.2% 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 July 2025 was $531,100, and it increased of 9.5% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 75%, indicating a Sellers in Quebec for July 2025.
July Brings Double-Digit Gains for Québec Home Prices
According to the Quebec Professional Association of Real Estate Brokers (QPAREB) for July 2025, the provincial housing market stayed firmly in sellers’ territory as prices kept climbing and sales activity remained strong in several regions. Across Quebec, the median price of a single-family home rose to $450,000, up 9% from a year earlier. Condominiums posted a 5% increase to $395,000, while plexes reached a median of $650,000, up 12%. The market remained competitive, with average days on market tightening in many segments, particularly in Quebec City.
- Home prices: Single-family homes up 9% year-over-year to $450,000, condos up 5% to $395,000, plexes up 12% to $650,000
- Sales volume: Provincial residential transactions increased 12% compared to July 2024
- Inventory: Active listings grew by 2%, but demand outpaced supply in hot markets like Quebec City CMA
- Days on market: Single-family homes averaged 48 days, condos 48 days, and plexes 61 days across Quebec
Home Price Trends in Quebec City CMA
Quebec City’s residential market saw record-breaking gains in July. The median price of a single-family home reached $453,500, a 21% jump from last year. Condos rose 10% to $310,000, and plexes climbed 11% to $498,500. Overbidding was notable but not extreme; 40% of transactions closed at least 5% above the asking price. Sellers held a clear advantage in negotiations, driven by low supply and strong buyer demand.
Market Demand and Inventory Levels
Despite modest growth in active listings, properties sold quickly. Single-family homes in Quebec City averaged just 26 days on the market, well below the provincial average. Plexes and condos took slightly longer, at 41–50 days, but still reflected a brisk pace. The region’s economic resilience, with unemployment at just 4.5%, continues to support market strength despite the uncertainty from US tariff challenges.
Economic Context and Provincial Insights for Quebec
Quebec City’s diversified economy, anchored by the financial sector, government employment, and SME exporters, has shielded it from the sharper slowdowns seen in more trade-sensitive regions. According to QPAREB Senior Economist Hélène Bégin, “Several positive economic factors have enabled the Quebec City CMA to maintain its growth trajectory and a low unemployment rate… a remarkable achievement, given that unemployment rates in most other regions have been rising.”
Desjardins indicates that Quebec’s provincial housing market remains resilient despite slower national activity. While Montreal is trending toward balanced conditions, most other regions remain in a sellers’ market. Housing supply is expanding, but elevated construction costs, labour shortages, and infrastructure limits continue to constrain new builds.
Rising active listings across the province are starting to ease pressure, yet home prices in all regions have climbed in recent months. Population growth stalled in Q2 2025, which may temper demand, but structural supply shortages mean affordability will remain strained.
Provincially, Desjardins expects modest cooling in sales and price growth through late 2025, supported by a possible rate cut from the Bank of Canada. However, fixed mortgage rates may see only limited declines, keeping qualification standards tight. Homebuyers will face continued affordability challenges, renewers will encounter higher payments, and refinancers will still navigate a stricter stress test despite equity gains.
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Month-over-Month Expectations for Quebec’s Housing Market
Transactions – Number of Sales
The number of sales in Quebec was 7,971 during July 2025, that’s decreased by 10.3% compared to the previous month. On a year-over-year basis, sales in Quebec have increased by 11% over the last 12 months.
New Listings
The number of new listings in Quebec was 10,565 during July 2025, that’s increased by 7.2% compared to the previous month. On a year-over-year basis, new listings in Quebec have increased by 4.6% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Quebec was 75% during July 2025, indicating a Sellers. On a monthly basis, that’s decreased by 3.3% compared to the previous month. Quebec’s yearly sales to new listings ratio has increased by 6.1% 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 $1,952 for the month of July 2025, which decreased by 0.7% on a year-over-year basis.
The average rent for a bachelor apartment in Quebec was $1,465 for the month of July 2025, which decreased by 0.6% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Quebec was $1,694 for the month of July 2025, which decreased by 1.1% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Quebec was $2,159 for the month of July 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Quebec was $1,694 for the month of July 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 $528.19 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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