Quebec Housing Market Outlook 2025
Table of contents
Quebec Market Report Summary
- The average selling price of a home in Quebec increased by 9.2% year-over-year to $525,900 in April 2025.
- The average selling price of a single-family home in Quebec increased by 10.0% year-over-year to $594,000 in April 2025.
- The average selling price of a townhouse/multiplex in Quebec increased by 5.0% year-over-year to $573,200 in April 2025.
- The average selling price of a condo in Quebec increased by 6.3% year-over-year to $404,800 in April 2025.
- The average rent in Quebec decreased by 1.7% year-over-year to $1,976 for April 2025.
- June 9, 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 $525,900 for the month of April 2025, that’s increased by 1.0% compared to the previous month. On a year-over-year basis, Quebec home prices have increased 9.2% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $594,000 for the month of April 2025, that’s increased by 1.1% compared to the previous month. On a year-over-year basis, single-family home prices in Quebec have increased by 10.0% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $573,200 for the month of April 2025, that’s increased by 1.7% compared to the previous month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 5.0% over the last 12 months.
Condo Prices
The average selling price of a condo in Quebec was $404,800 for the month of April 2025, that’s increased by 0.3% compared to the previous month. On a year-over-year basis, the price of a condo in Quebec has increased 6.3% 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 April 2025 was $525,900, and it increased of 9.2% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 70%, indicating a sellers market in Quebec for April 2025.
Québec Home Prices Reach New Heights as Sales Accelerate
According to April 2025 data from the Québec Professional Association of Real Estate Brokers (QPAREB) and the Government of Québec, Québec’s housing market remains one of the strongest in Canada, bucking national trends of price declines and flat sales. The province set a new all-time high for average home prices at $539,667, reflecting a 1.9% monthly gain and an impressive 8.3% increase YoY. Resilient market conditions, rising demand, and improving mortgage accessibility support robust activity across Québec’s key urban and regional centres.
Québec Market Maintains Strong Sales Momentum
Real estate transactions across Québec totalled 13,812 in April 2025, marking a 10% increase over the same month last year. Sales volumes also rose 4.6% month-over-month from March. Mortgage originations surged 24.8% YoY, further reflecting increased buyer confidence. Notably, the province’s financial difficulty index dropped 6.7%, indicating reduced financial stress among borrowers compared to last year.
- Average home price (Québec): $539,667 (↑ 1.9% MoM, ↑ 8.3% YoY)
- Sales volume (April): 13,812 (↑ 10.0% YoY)
- Mortgage activity: ↑ 24.8% YoY
- Financial difficulty index: ↓ 6.7% YoY
Home Price Trends Across Québec Metros
The capital and metropolitan regions are both contributing to the province’s growth trajectory:
- Québec City: Average price reached $455,647, up 2.5% month-over-month and 14.9% YoY.
- Montréal CMA: Average price rose 7.6% YoY to $645,867.
- Laval: Led all regions in sales growth at 23.7% YoY.
- Côte-Nord: Posted the most significant percentage increase in high-end sales, with sales over $500,000 up 300%.
While Montréal’s affordability has modestly improved (the RBC aggregate affordability measurement now stands at 48.2%), the market has cooled slightly due to external economic pressures. Québec City, by contrast, remains highly competitive, with its RBC affordability measure at 33.8%, thanks to lower ownership costs and intense resale activity.
Market Demand and Inventory Dynamics
Activity across all price categories has increased, with notable gains in the $250,000–$500,000 bracket (up 39.6% in Centre-du-Québec) and luxury segments (sales over $500,000 up 34.8% province-wide). Laval led in mortgage growth (up 32.3%), confirming widespread demand recovery and access to financing across income tiers.
Despite strong demand, listings have not kept pace in some areas, particularly in Québec City, leading to rising prices and reduced affordability gains. Montréal’s peripheral markets, such as the South Shore, continue to overheat, supported by favourable borrowing conditions and a high share of overbidding transactions.
Québec’s real estate market continues to outperform other provinces, driven by economic resilience, lower interest rates, and population growth. With both resale activity and mortgage lending trending upward, the province remains a bright spot amid national headwinds. However, affordability gains may be short-lived if prices continue to climb at current rates, especially in high-demand regions like Québec City and Laval.
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Month-over-Month Expectations for Quebec’s Housing Market
Transactions – Number of Sales
The number of sales in Quebec was 10,185 during April 2025, that’s increased by 4.6% compared to the previous month. On a year-over-year basis, sales in Quebec have increased by 9.2=0% over the last 12 months.
New Listings
The number of new listings in Quebec was 14,642 during April 2025, that’s decreased by 0.1% compared to the previous month. On a year-over-year basis, new listings in Quebec have increased by 8.3% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Quebec was 70% during April 2025, indicating a sellers market. On a monthly basis, that’s increased by 4.7% compared to the previous month. Quebec’s yearly sales to new listings ratio has increased by 0.6% 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 $1,976 for the month of April 2025, which decreased by 1.7% on a year-over-year basis.
The average rent for a bachelor apartment in Quebec was $1,422 for the month of April 2025, which decreased by 1.8% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Quebec was $1,704 for the month of April 2025, which increased by 0.3% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Quebec was $2,177 for the month of April 2025, which decreased by 1.8% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Quebec was $1,704 for the month of April 2025, which decreased by 1.8% 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 $533.43 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 Quebec 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.
Housing Market Glossary and Definitions
MLS® Home Price Index (HPI)
The MLS® Home Price Index (HPI) is a real estate price index compiled by the Canadian Real Estate Association (CREA) that tracks the price of homes in your neighbourhood. It’s a quick way for Canadians to compare home prices in different parts of Canada and between different periods without having to factor in the unique characteristics of a particular property.
While market prices can vary from one month to the next based on seasonal factors, the Home Price Index (HPI) provides a more consistent view and tracks price trends over an extended period. The Home Price Index (HPI) is updated annually in May to reflect changes in real estate markets.
MLS® HPI is the most comprehensive and precise way to track a neighbourhood’s home price level and trends. MLS HPI uses over 15 years of data from the MLS® System and advanced statistical models to create a “typical” home based on the characteristics of homes purchased and sold. This benchmark home is tracked across all Canadian neighbourhoods and various types of homes.
Strata insurance
Strata insurance is insurance that a strata or condominium uses to cover damages to common areas, assets and liabilities to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. Strata insurance can cover the following:
- Buildings and structures on the strata’s property, including common areas such as the garage, roof, lobby, pool, etc.,
- Liabilities for any property damage or bodily harm due to an injury suffered on a strata property,
- Which also includes fixtures in the standard unit or part of the original make of each unit.
Strata insurance generally does not cover personal belongings and appliances in a condo unit. Damage caused by individual unit owners (e.g., water damage due to a unit owner’s negligence) is typically covered under personal condo insurance.
Property Types
Detached homes, also known as single-family homes, are residential properties that stand alone and are not connected to other buildings. They are legal single residential units on their own parcel of land and have a separate title.
Semi-detached homes are characterized by their unique architectural design. Two houses are built side by side and share a common wall. Although sharing a building, semi-detached homes have their own parcel of land and separate legal titles.
Townhouses are residential dwellings typically characterized by narrow, tall structures, often sharing walls with neighbouring units. Although they may share yards or common elements with their neighbours, townhouses will have separate legal titles from any adjoining building. Townhouses can be purchased as freehold or leasehold within a condo or strata and may come with their own land parcel. Townhouses can be part of a low-rise or high-rise building.
Condo apartments, also known as condominiums, are residential properties that combine elements of apartments and individual homes. It is a unit within a larger building or complex owned by an individual who also shares ownership of common areas and amenities with other residents. Condo apartment owners have legal ownership of their units and can modify them within the guidelines set by the condominium association. Unlike a townhouse, condos do not offer exclusive use of outdoor space unless they come with a balcony or terrace. Condos can be part of a low-rise or high-rise building.
Plexes or multiplexes are unique residential buildings constructed into 2 to 6 units within a single structure. Traditionally, they have been designed as low-rise residential buildings where any unit is accessible via an external entrance with higher floors connected by staircases. Each unit will have a separate registration and title but may share common elements and co-ownership fees with the other multiplex owners. Plexes are common in Québec and older parts of Toronto.
Property Ownership Classes
A freehold is a type of property ownership where an individual or entity has complete and indefinite ownership rights over a property and its parcel of land. Common freehold property types include detached houses, semi-detached houses, farms, and townhouses not part of condominium corporations.
A condominium or condo is a distinct type of property class that combines apartment living and individual homeownership elements. In a condominium, individual units are owned by the residents, while the common areas and amenities are shared among all the unit owners. This type of ownership gives you rights to your specific unit and some rights and responsibilities to the common areas, such as the hallways, elevators, garage, pool and rooftop patios.
A leasehold is a legal arrangement where a person or entity holds the right to use and occupy a property for a specific period, typically through a lease agreement. In some cases, the leaseholder may own the building or unit and rent the land from the landowner (landlord).
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