Quebec Housing Market Outlook 2026
Quebec Sales Cool While Single-Family Prices Keep Climbing
According to the Quebec Professional Association of Real Estate Brokers (QPAREB) and the Government of Quebec, in July 2026, brokers across the province completed 7,407 residential transactions, 6% fewer than in July 2025. Prices moved in the opposite direction for most property categories.
- The single-family median price rose 3% from a year ago to $505,000, and plexes of two to five units gained 8% to reach $690,000. Condominiums were the exception, slipping 1% to a median of $396,504.
- Active listings climbed 19% to 41,166 properties, the clearest sign yet of a market rebalancing toward buyers. New listings rose 9% to 11,303.
- Sales fell across every category, led by condominiums at 1,580 transactions, a drop of 16%, and plexes at 663, down 17%. Single-family activity proved far more resilient, easing just 1% to 5,141 sales.
The pattern of falling sales alongside rising single-family prices tells a specific story. Supply is rebuilding fastest in the segments where investors and first-time buyers concentrate, while demand for detached family homes remains firm enough to keep pushing values up. Properties also sat longer, with single-family homes averaging 41 days on the market. QPAREB expects provincial sales to close 2026 down 6% while the single-family median price rises 5%, which is close to the split July already shows.
If you are watching this market for an opening, the widening inventory means less pressure to decide quickly. Compare current mortgage rates in Quebec and connect with our nesto mortgage experts for a clear read on what you can carry comfortably.
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Quebec Housing Market Highlights
- The average selling price of a home in Quebec increased by 4.3% year-over-year to $550,400 in June.
- The average selling price of a single-family home in Quebec increased by 4.3% year-over-year to $623,200 in June.
- The average selling price of a townhouse/multiplex in Quebec decreased by 1.1% year-over-year to $582,000 in June.
- The average selling price of a condo in Quebec increased by 5.7% year-over-year to $424,600 in June.
- The average rent in Quebec decreased by 2% year-over-year to $1,923 for June.
- August 24, 2026: Today’s lowest mortgage rate in Québec is 4.24% 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 $550,400, and it increased by 4.3% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 66%, indicating Sellers market conditions in Quebec for June.
Average Home Prices in Quebec by Property Type
Composite Home Prices
The average selling price of a home in Quebec was $550,400 for the month of June, that’s decreased by 0.5% month-over-month. On a year-over-year basis, Quebec home prices have increased 4.3% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $623,200 for the month of June, that’s decreased by 0.2% month-over-month. On a year-over-year basis, single-family home prices in Quebec have increased by 4.3% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $582,000 for the month of June, that’s increased by 2.6% month-over-month. On a year-over-year basis, the price of a townhouse in Quebec has decreased by 1.1% year-over-year.
Condo Prices
The average selling price of a condo in Quebec was $424,600 for the month of June, that’s decreased by 2% month-over-month. On a year-over-year basis, the price of a condo in Quebec has increased 5.7% year-over-year.
Quebec Home Sales, New Listings and Market Conditions
Transactions and Number of Sales
The number of sales in Quebec was 7,407 during June, that’s decreased by 12.8% month-over-month. On a year-over-year basis, sales in Quebec have decreased by 7.1% year-over-year.
New Listings
The number of new listings in Quebec was 11,303 during June, that’s decreased by 19.3% month-over-month. On a year-over-year basis, new listings in Quebec have increased by 7% year-over-year.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Quebec was 66% during June, indicating a Sellers. On a monthly basis, that’s increased by 8.1% month-over-month. Quebec’s yearly sales-to-new-listings ratio has decreased by 13.1% 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 $1,923 for the month of June, which decreased by 2% year-over-year.
The average rent for a 1-bedroom apartment in Quebec was $1,714 for the month of June, which decreased by 2% year-over-year.
The average rent for a 2-bedroom apartment in Quebec was $2,156 for the month of June, which decreased by 2% year-over-year.
Average Rent by City in Canada
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $3,039 | $2,588 | $3,458 |
| 2 | Vancouver | $2,686 | $2,377 | $3,255 |
| 3 | Toronto | $2,580 | $2,234 | $2,947 |
| 4 | North York | $2,565 | $2,188 | $2,743 |
| 5 | Burnaby | $2,543 | $2,159 | $2,802 |
| 6 | Coquitlam | $2,526 | $2,134 | $2,753 |
| 7 | Oakville | $2,517 | $2,198 | $2,819 |
| 8 | Kanata | $2,514 | $2,230 | $2,751 |
| 9 | Etobicoke | $2,439 | $2,094 | $2,624 |
| 10 | Halifax | $2,372 | $2,071 | $2,616 |
| 11 | Burlington | $2,370 | $2,075 | $2,448 |
| 12 | Mississauga | $2,357 | $2,052 | $2,445 |
| 13 | Vaughan | $2,319 | $2,048 | $2,580 |
| 14 | Victoria | $2,307 | $2,016 | $2,682 |
| 15 | Brampton | $2,285 | $2,001 | $2,379 |
| 16 | Langley | $2,239 | $1,899 | $2,457 |
| 17 | Ajax | $2,234 | $1,878 | $2,218 |
| 18 | Guelph | $2,217 | $1,905 | $2,280 |
| 19 | Scarborough | $2,213 | $1,872 | $2,288 |
| 20 | New Westminster | $2,190 | $1,880 | $2,656 |
| 21 | Surrey | $2,167 | $1,794 | $2,239 |
| 22 | Ottawa | $2,164 | $1,960 | $2,449 |
| 23 | Barrie | $2,155 | $1,863 | $2,108 |
| 24 | Waterloo | $2,118 | $1,915 | $2,234 |
| 25 | Kingston | $2,100 | $1,827 | $2,271 |
| 26 | Laval | $2,096 | $1,732 | $2,356 |
| 27 | Nanaimo | $2,092 | $1,835 | $2,290 |
| 28 | Kelowna | $2,091 | $1,808 | $2,248 |
| 29 | East York | $2,050 | $1,791 | $2,312 |
| 30 | Cambridge | $2,042 | $1,847 | $2,139 |
| 31 | Greater Sudbury | $2,021 | $1,708 | $2,072 |
| 32 | Oshawa | $2,002 | $1,740 | $2,017 |
| 33 | Airdrie | $1,987 | $1,441 | $1,804 |
| 34 | Peterborough | $1,977 | $1,742 | $1,957 |
| 35 | Brossard | $1,970 | $1,722 | $2,199 |
| 36 | Kamloops | $1,956 | $1,731 | $2,042 |
| 37 | Montreal | $1,941 | $1,769 | $2,255 |
| 38 | Niagara Falls | $1,940 | $1,600 | $1,980 |
| 39 | Brantford | $1,936 | $1,807 | $2,043 |
| 40 | Hamilton | $1,929 | $1,654 | $2,235 |
| 41 | London | $1,924 | $1,670 | $2,058 |
| 42 | Kitchener | $1,908 | $1,684 | $2,078 |
| 43 | Calgary | $1,883 | $1,513 | $1,847 |
| 44 | St. Catharines | $1,817 | $1,558 | $1,931 |
| 45 | Welland | $1,779 | $1,522 | $1,985 |
| 46 | Gatineau | $1,775 | $1,592 | $1,852 |
| 47 | Côte Saint-Luc | $1,704 | $1,441 | $1,997 |
| 48 | Windsor | $1,685 | $1,492 | $1,921 |
| 49 | Sarnia | $1,680 | $1,495 | $1,728 |
| 50 | Winnipeg | $1,663 | $1,463 | $1,759 |
| 51 | Edmonton | $1,617 | $1,282 | $1,638 |
| 52 | Red Deer | $1,536 | $1,293 | $1,509 |
| 53 | Lethbridge | $1,519 | $1,342 | $1,571 |
| 54 | Quebec City | $1,516 | $1,279 | $1,611 |
| 55 | Saskatoon | $1,514 | $1,310 | $1,537 |
| 56 | Regina | $1,444 | $1,300 | $1,540 |
| 57 | Fort McMurray | $1,412 | $1,221 | $1,426 |
| 58 | Medicine Hat | $1,359 | $1,237 | $1,380 |
| 59 | Lloydminster | $1,348 | $1,072 | $1,386 |
| 60 | St. John's | $1,215 | $1,105 | $1,314 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province in Canada
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 4.24% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.45%.
For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. The interest rates used for calculation are those offered on insured purchases with less than a 20% down payment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is 4.45%.
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Frequently Asked Questions (FAQ) About the Quebec Housing Market in 2026
Are Quebec Housing Market Conditions Favouring Buyers or Sellers in 2026?
Quebec housing market conditions still favour sellers in 2026, though less decisively than a year ago and not evenly across property types. Sellers of single-family homes and plexes retain a clear negotiating advantage, while active listings across the province climbed 19% in July to 41,166 properties, giving buyers materially more choice than they have had in years. CREA counts Quebec among the provinces where sellers’ markets have been cooling steadily for about a year, moving the province toward balance rather than into buyer territory.
Are Home Prices in Quebec Going Up or Down in 2026?
Home prices in Quebec are rising in 2026, setting the province apart from Ontario and British Columbia. The single-family median price rose 3% year over year in July to $505,000, and plexes of two to five units gained 8% to $690,000, while condominiums were the lone exception at $396,504, down 1%. QPAREB expects the single-family median to finish 2026 about 5% higher. Nationally, Quebec posted one of the most significant provincial average-price gains at 5.2%.
Why Are Quebec Sales Falling While Prices Keep Rising?
Quebec sales are falling while prices rise because supply is rebuilding fastest in exactly the segments where demand has weakened. Active listings rose 19% in July, concentrated in condominiums and plexes, where investors and first-time buyers dominate, and sales in those two categories fell 16% and 17%, respectively. Single-family activity eased by just 1%, so the homes that continue to trade are those with the firmest demand, which keeps median prices climbing even as total transactions decline.
Which Quebec Property Type Is Softening Fastest?
Condominiums are softening fastest in Quebec. July condominium sales fell 16% year over year to 1,580 transactions, and the median price slipped 1% to $396,504, the only category to record a price decline. Plexes saw a steeper sales drop at 17%, but their median still rose 8%, which points to thin volume rather than weak pricing. For buyers priced out of detached homes, the condominium segment is where negotiating leverage has shifted most.
Is Quebec Still More Affordable Than Ontario and British Columbia?
Quebec remains more affordable than Ontario and British Columbia in 2026, with a single-family median of $505,000 against an Ontario composite benchmark of $749,800. That gap is why Quebec has continued to post price gains while the two larger provinces have recorded declines. The advantage is narrowing, however, because Quebec prices are rising while Ontario and British Columbia prices fall, and the mortgage stress test applies the same qualifying standard regardless of where you buy.
What Is Limiting Quebec Housing Demand in 2026?
Population growth is the main factor limiting housing demand in Quebec in 2026. Tighter immigration rules have slowed household formation, and CREA cited Quebec specifically, alongside the East Coast, when it downgraded its national sales forecast in July. QPAREB expects provincial sales to close the year down 6%. Qualification is the second constraint, since the mortgage stress test requires borrowers to qualify at a rate above the one they will actually pay, and rising Quebec prices work against that.
Is It Cheaper to Rent or Buy in Quebec in 2026?
Renting is still cheaper month over month than buying across most of Quebec in 2026, and the province is unusual in that the gap is widening rather than narrowing. Quebec home prices are rising while asking rents nationally have fallen for 22 consecutive months, so the monthly cost of homeownership is moving away from the cost of renting rather than toward it. Which option costs less over time depends on how long it takes to save the down payment, how long you plan to stay, and the mortgage rate you qualify for.
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