Quebec Housing Market Outlook 2026
Quebec Market Report Summary
- The average selling price of a home in Quebec increased by 6.5% year-over-year to $527,300 in November 2025.
- The average selling price of a single-family home in Quebec increased by 6.5% year-over-year to $593,600 in November 2025.
- The average selling price of a townhouse/multiplex in Quebec increased by 6.1% year-over-year to $576,500 in November 2025.
- The average selling price of a condo in Quebec increased by 4.9% year-over-year to $405,700 in November 2025.
- The average rent in Quebec decreased by 2.6% year-over-year to $1,929 for November 2025.
- December 24, 2025: Today’s lowest mortgage rate in Québec is
for a 5-year fixed.
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 November 2025 was $527,300, and it increased of 6.5% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 78%, indicating Sellers market conditions in Quebec for November 2025.
Composite Home Prices
The average selling price of a home in Quebec was $527,300 for the month of November 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, Quebec home prices have increased 6.5% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $593,600 for the month of November 2025, that’s decreased by 1.4% compared to the previous month. On a year-over-year basis, single-family home prices in Quebec have increased by 6.5% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $576,500 for the month of November 2025, that’s increased by 0.5% compared to the previous month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 6.1% over the last 12 months.
Condo Prices
The average selling price of a condo in Quebec was $405,700 for the month of November 2025, that’s decreased by 0.2% compared to the previous month. On a year-over-year basis, the price of a condo in Quebec has increased 4.9% over the last 12 months.
Transactions – Number of Sales
The number of sales in Quebec was 7,486 during November 2025, that’s decreased by 12.7% compared to the previous month. On a year-over-year basis, sales in Quebec have decreased by 6% over the last 12 months.
New Listings
The number of new listings in Quebec was 9,547 during November 2025, that’s decreased by 28.6% compared to the previous month. On a year-over-year basis, new listings in Quebec have decreased by 4.9% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Quebec was 78% during November 2025, indicating a Sellers. On a monthly basis, that’s increased by 22.2% compared to the previous month. Quebec’s yearly sales to new listings ratio has decreased by 1.1% 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
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Québec Sees Slower Home Sales but Firm Pricing Momentum
According to the Québec Professional Association of Real Estate Brokers (QPAREB), in November, Québec’s housing market continued to cool in terms of activity, while home prices held up better than many expected. Total residential sales across the province reached 7,486 transactions, down 5% from November last year, even as overall sales dollar volume edged up 1%. This combination points to fewer transactions, but at higher price points, a pattern that has been forming through the second half of the year.
Québec Market Snapshot for November
The latest Centris figures show a market that is no longer overheated, but not distressed either.
- Total sales declined by 5% YoY to 7,486
- Active listings increased by 2% to 36,252 properties
- New listings slipped 3% to 9,547
- Total sales volume rose 1% to just over $4.18B
- Year-to-date sales are up 9% compared to last year, indicating more vigorous activity earlier in the year
Single-Family Homes See Price Growth Despite Fewer Sales
The single-family segment remained resilient on pricing even as transactions slowed. Sales fell 6% YoY in November, while active listings were down 3%. The median price for a single-family home climbed to $495,000, up 7% from last year, and homes sold faster, with average days on market dropping to 43 from 54. On a year-to-date basis, sales are up 10% and the median price is 9% higher than last year, reinforcing that demand has not disappeared; it has simply become more selective.
Condo Market Faces Softer Demand but Stable Pricing
Condominium activity weakened more noticeably. Sales declined 10% YoY, while active listings rose 13%, giving buyers more choice. Median condo prices still edged up 1% to $400,000, and days on market improved slightly to 49 days. Year-to-date, condo sales are up 7% and median prices are up 6%, suggesting that the late-year slowdown follows a relatively strong first half.
Plex Properties Stand Out With Strong Price Gains
Small multi-unit properties continued to outperform. Plex sales increased 10% YoY in November, even as active listings declined 4%. Median prices jumped sharply to $697,250, up 15% from last year, and days on market fell to 52 from 65. For investors, year-to-date plex sales are up 15% and median prices are up 14%, reflecting sustained demand for rental-oriented assets amid tight rental markets
Why Québec’s Housing Market Conditions Are Shifting
The Québec market is adjusting to higher borrowing costs and tighter affordability, but not collapsing. More listings are giving buyers leverage, while sellers who priced their homes realistically are still finding success. The mix of declining sales and rising prices suggests that motivated buyers remain active, particularly in segments tied to long-term housing needs, such as single-family homes and income properties.
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Quebec Market Rents Summary
The average rent in Quebec was $1,929 for the month of November 2025, which decreased by 2.6% on a year-over-year basis.
The average rent for a bachelor apartment in Quebec was $1,430 for the month of November 2025, which decreased by 2% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Quebec was $1,686 for the month of November 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Quebec was $2,134 for the month of November 2025, which decreased by 2% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Quebec was $1,686 for the month of November 2025, which decreased by 2% 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 $520.07 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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