Quebec Housing Market Outlook 2026
Quebec Sales Slow for a Third Straight Quarter
According to the Quebec Professional Association of Real Estate Brokers (QPAREB) and the Government of Quebec, provincial home sales fell 5% year over year in the second quarter of 2026 to 27,296 transactions, marking the third consecutive quarterly decline, even though activity remains slightly above the 10-year average.
- Median prices kept climbing despite the sales slowdown: single-family homes reached $523,250, up 5%, while plexes rose 2% to $690,000 and condos gained 1% to $405,000.
- Active listings jumped 14% to 41,466, giving buyers meaningfully more choice even as prices held their ground.
- Homes are selling faster than a year ago across every property type, with single-family days on market down 5 days to 38 and plexes down 10 days to 43.
Buyers with more choices in the resale market should reach out to nesto mortgage experts to compare mortgage rates in Quebec before locking in a rate.
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Quebec Housing Market Highlights
- The average selling price of a home in Quebec increased by 3.4% year-over-year to $547,400 in June.
- The average selling price of a single-family home in Quebec increased by 4.7% year-over-year to $622,200 in June.
- The average selling price of a townhouse/multiplex in Quebec increased by 4.5% year-over-year to $597,700 in June.
- The average selling price of a condo in Quebec increased by 0.7% year-over-year to $416,100 in June.
- The average rent in Quebec decreased by 1.8% year-over-year to $1,939 for June.
- July 17, 2026: Today’s lowest mortgage rate in Québec is 4.09% 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 June was $547,400, and itincreased of 3.4% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 60%, indicating Balanced market conditions in Quebec for June.
Composite Home Prices
The average selling price of a home in Quebec was $547,400 for the month of June, that’s decreased by 0.6% month over month. On a year-over-year basis, Quebec home prices have increased 3.4% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $622,200 for the month of June, that’s decreased by 0.5% month over month. On a year-over-year basis, single-family home prices in Quebec have increased by 4.7% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $597,700 for the month of June, that’s increased by 1.5% month over month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 4.5% year over year.
Condo Prices
The average selling price of a condo in Quebec was $416,100 for the month of June, that’s decreased by 0.8% month over month. On a year-over-year basis, the price of a condo in Quebec has increased 0.7% year-over-year.
Transactions – Number of Sales
The number of sales in Quebec was 9,300 during June, that’s decreased by 2.4% month over month. On a year-over-year basis, sales in Quebec have decreased by 6.3% year over year.
New Listings
The number of new listings in Quebec was 15,405 during June, that’s decreased by 2.7% month over month. On a year-over-year basis, new listings in Quebec have increased by 2.7% year over year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Quebec was 60% during June, indicating a Balanced. On a monthly basis, that’s increased by 0.3% month over month. Quebec’s yearly sales to new listings ratio has decreased by 8.8% year over year.
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 $1,939 for the month of June, which decreased by year over year.
The average rent for a 1-bedroom apartment in Quebec was $1,726 for the month of June, which increased by year over year.
The average rent for a 2-bedroom apartment in Quebec was $2,191 for the month of June, which increased by year over year
Rental Price Changes by City
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $2,983 | $2,457 | $3,363 |
| 2 | Vancouver | $2,723 | $2,392 | $3,336 |
| 3 | North York | $2,563 | $2,154 | $2,765 |
| 4 | Kanata | $2,551 | $2,282 | $2,766 |
| 5 | Toronto | $2,543 | $2,213 | $2,912 |
| 6 | Burnaby | $2,522 | $2,135 | $2,766 |
| 7 | Coquitlam | $2,504 | $2,083 | $2,687 |
| 8 | Oakville | $2,438 | $2,170 | $2,657 |
| 9 | Etobicoke | $2,427 | $2,084 | $2,629 |
| 10 | Burlington | $2,381 | $2,064 | $2,470 |
| 11 | Mississauga | $2,360 | $2,056 | $2,437 |
| 12 | Halifax | $2,351 | $2,051 | $2,628 |
| 13 | Langley | $2,285 | $1,965 | $2,439 |
| 14 | Vaughan | $2,277 | $2,028 | $2,586 |
| 15 | Victoria | $2,258 | $1,999 | $2,642 |
| 16 | Brampton | $2,231 | $1,962 | $2,355 |
| 17 | Ajax | $2,217 | $1,834 | $2,262 |
| 18 | Scarborough | $2,210 | $1,862 | $2,292 |
| 19 | Guelph | $2,193 | $1,901 | $2,276 |
| 20 | Surrey | $2,187 | $1,803 | $2,239 |
| 21 | Ottawa | $2,179 | $1,956 | $2,462 |
| 22 | Barrie | $2,144 | $1,874 | $2,164 |
| 23 | New Westminster | $2,132 | $1,888 | $2,640 |
| 24 | Waterloo | $2,115 | $1,918 | $2,253 |
| 25 | Kingston | $2,111 | $1,875 | $2,232 |
| 26 | Kelowna | $2,110 | $1,831 | $2,241 |
| 27 | Nanaimo | $2,102 | $1,847 | $2,313 |
| 28 | Laval | $2,089 | $1,726 | $2,350 |
| 29 | East York | $2,077 | $1,829 | $2,335 |
| 30 | Cambridge | $2,075 | $1,836 | $2,141 |
| 31 | Airdrie | $2,027 | $1,477 | $1,814 |
| 32 | Peterborough | $2,000 | $1,755 | $1,968 |
| 33 | Brossard | $1,987 | $1,708 | $2,246 |
| 34 | Greater Sudbury | $1,980 | $1,702 | $2,140 |
| 35 | Oshawa | $1,966 | $1,740 | $2,015 |
| 36 | Montreal | $1,951 | $1,780 | $2,257 |
| 37 | Kamloops | $1,949 | $1,796 | $2,034 |
| 38 | Hamilton | $1,939 | $1,680 | $2,255 |
| 39 | London | $1,932 | $1,664 | $2,068 |
| 40 | Brantford | $1,923 | $1,779 | $2,029 |
| 41 | Calgary | $1,886 | $1,515 | $1,853 |
| 42 | Kitchener | $1,865 | $1,662 | $2,048 |
| 43 | Niagara Falls | $1,861 | $1,607 | $1,976 |
| 44 | St. Catharines | $1,827 | $1,570 | $1,904 |
| 45 | Gatineau | $1,781 | $1,593 | $1,888 |
| 46 | Welland | $1,762 | $1,533 | $1,937 |
| 47 | Côte Saint-Luc | $1,705 | $1,450 | $1,971 |
| 48 | Windsor | $1,702 | $1,488 | $1,921 |
| 49 | Winnipeg | $1,678 | $1,472 | $1,770 |
| 50 | Sarnia | $1,664 | $1,477 | $1,709 |
| 51 | Edmonton | $1,610 | $1,292 | $1,632 |
| 52 | Saskatoon | $1,544 | $1,341 | $1,561 |
| 53 | Lethbridge | $1,534 | $1,321 | $1,543 |
| 54 | Quebec City | $1,508 | $1,292 | $1,675 |
| 55 | Red Deer | $1,508 | $1,337 | $1,499 |
| 56 | Regina | $1,457 | $1,309 | $1,523 |
| 57 | Fort McMurray | $1,413 | $1,212 | $1,443 |
| 58 | Medicine Hat | $1,370 | $1,238 | $1,374 |
| 59 | Lloydminster | $1,306 | $1,026 | $1,378 |
| 60 | St. John's | $1,172 | $1,061 | $1,268 |
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 $530.91 per month on nesto’s lowest fixed 5-year rate at 4.09% 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 $13.42. 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
Why is Quebec’s housing market expected to outperform many other provinces in 2026?
Quebec’s housing market is expected to outperform many other provinces in 2026 due to greater affordability, steady population growth, and tighter resale inventory, which are expected to limit price declines.
Are home prices in Quebec expected to rise in 2026?
Home prices in Quebec are expected to rise modestly in 2026, driven by sustained demand and limited housing supply, rather than by speculative activity.
Is Quebec becoming less affordable for first-time homebuyers?
Quebec remains more affordable than Ontario and British Columbia, but rising home prices and mortgage qualification rules continue to challenge first-time homebuyers.
How does inventory affect Quebec’s housing outlook in 2026?
Low resale inventory across Quebec is expected to prevent meaningful price corrections and maintain competitive conditions in many local markets through 2026.
What should buyers in Québec monitor most closely in 2026?
Buyers in Quebec should closely monitor changes in local inventory levels through 2026, as even small increases in listings can quickly shift market conditions.
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