Quebec Housing Market Outlook 2026

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More Choice for Buyers as Quebec Prices Keep Climbing

According to the Quebec Professional Association of Real Estate Brokers (QPAREB) and the Government of Québec, figures from the Centris provincial database for May 2026 show that 9,300 homes were sold across the province, down 6% from a year earlier. A welcome rebuild in supply is meeting the slowdown: active listings jumped 13% to 42,066. Yet the extra choice has not pulled prices lower. Across all property categories, the typical Quebec home is still worth more than it was last spring, leaving the province in an unusual spot where buyers have more options but no real price relief.

• Single-family homes carried the market, with a median price of $524,900, up 5% over the past 12 months, even as sales eased 5%. Plexes held firm at a $685,000 median, while condominiums reached $407,000, each climbing about 2% from last May.
• Total dollar volume slipped just 2% to $5.29 billion, well shy of the 6% drop in transactions, a gap that shows higher prices are doing the heavy lifting and offsetting the thinner sales count.
• Homes are still moving quickly for sellers, with single-family properties taking a median 38 days to sell, four days faster than a year ago, even as the deeper pool of listings hints that the long-running squeeze is finally starting to loosen.

For buyers, the math is delicate: more listings improve the odds of finding the right home, but firm prices and a stress test that still applies mean affordability has not eased. A mortgage pre-approval helps lock a budget before shopping, and it pays to compare mortgage rates in Quebec while bond yields stay volatile. For the metro picture behind the provincial numbers, see our update for the Montreal housing market.

Quebec Housing Market Highlights

• The average selling price of a home in Quebec increased by 3.4% year-over-year to $547,400 in May.
• The average selling price of a single-family home in Quebec increased by 4.7% year-over-year to $622,200 in May.
• The average selling price of a townhouse/multiplex in Quebec increased by 4.5% year-over-year to $597,700 in May.
• The average selling price of a condo in Quebec increased by 0.7% year-over-year to $416,100 in May.
• The average rent in Quebec decreased by 1.8% year-over-year to $1,939 for May.
• June 22, 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 May 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 May.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

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 May, which decreased by year over year.

The average rent for a 1-bedroom apartment in Quebec was $1,726 for the month of May, which increased by year over year.

The average rent for a 2-bedroom apartment in Quebec was $2,191 for the month of May, which increased by year over year

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,927	$2,445	$3,302	−7.7%
2	Vancouver	$2,712	$2,385	$3,330	−0.8%
3	Kanata	$2,543	$2,277	$2,812	3.30%
4	North York	$2,520	$2,136	$2,669	−1.4%
5	Toronto	$2,512	$2,212	$2,907	−0.9%
6	Coquitlam	$2,476	$2,128	$2,709	−6.6%
7	Oakville	$2,449	$2,224	$2,631	−10.3%
8	Burnaby	$2,446	$2,115	$2,727	−7.7%
9	Etobicoke	$2,431	$2,082	$2,651	−3.3%
10	Burlington	$2,384	$2,118	$2,465	−4.7%
11	Vaughan	$2,342	$2,065	$2,569	−3.2%
12	Mississauga	$2,335	$2,052	$2,448	−5.8%
13	Halifax	$2,319	$2,064	$2,570	−2.0%
14	Langley	$2,286	$1,975	$2,477	−1.1%
15	Victoria	$2,257	$2,009	$2,598	−3.9%
16	Brampton	$2,224	$1,935	$2,291	1.20%
17	Scarborough	$2,194	$1,868	$2,307	−9.1%
18	Guelph	$2,194	$1,910	$2,255	−3.4%
19	Ajax	$2,193	$1,902	$2,244	3.90%
20	Kingston	$2,179	$1,926	$2,297	10.20%
21	Barrie	$2,143	$1,918	$2,150	−3.5%
22	Ottawa	$2,140	$1,949	$2,453	−4.1%
23	East York	$2,138	$1,851	$2,345	−7.7%
24	Surrey	$2,135	$1,812	$2,249	−4.4%
25	New Westminster	$2,132	$1,892	$2,641	−4.6%
26	Waterloo	$2,106	$1,957	$2,265	−4.4%
27	Kelowna	$2,093	$1,786	$2,244	−3.7%
28	Laval	$2,063	$1,706	$2,349	11.20%
29	Cambridge	$2,062	$1,820	$2,166	−1.5%
30	Greater Sudbury	$2,043	$1,793	$2,150	−13.1%
31	Nanaimo	$2,027	$1,844	$2,244	3.10%
32	Kamloops	$2,009	$1,879	$2,113	−1.3%
33	Peterborough	$1,994	$1,751	$1,979	−0.8%
34	Airdrie	$1,991	$1,469	$1,794	1.30%
35	Hamilton	$1,989	$1,712	$2,318	10.10%
36	Montreal	$1,968	$1,789	$2,312	2.50%
37	Brossard	$1,964	$1,764	$2,114	−4.6%
38	Oshawa	$1,959	$1,737	$2,025	−2.5%
39	Brantford	$1,924	$1,791	$2,051	−0.8%
40	London	$1,917	$1,665	$2,050	−3.5%
41	Niagara Falls	$1,887	$1,660	$2,026	−5.9%
42	Calgary	$1,883	$1,534	$1,856	−4.5%
43	Kitchener	$1,879	$1,687	$2,041	−8.1%
44	St. Catharines	$1,865	$1,652	$1,942	−1.5%
45	Welland	$1,845	$1,619	$2,016	8.50%
46	Gatineau	$1,800	$1,617	$1,881	−9.8%
47	Côte Saint-Luc	$1,783	$1,485	$2,029	−13.2%
48	Windsor	$1,715	$1,522	$1,921	−1.3%
49	Winnipeg	$1,679	$1,469	$1,789	1.50%
50	Sarnia	$1,661	$1,476	$1,752	−4.6%
51	Edmonton	$1,605	$1,287	$1,641	−2.3%
52	Saskatoon	$1,572	$1,361	$1,590	3.40%
53	Red Deer	$1,561	$1,333	$1,507	−2.0%
54	Quebec City	$1,522	$1,295	$1,692	1.90%
55	Lethbridge	$1,495	$1,306	$1,518	−5.9%
56	Regina	$1,471	$1,322	$1,525	−3.2%
57	Fort McMurray	$1,384	$1,169	$1,414	−4.8%
58	Medicine Hat	$1,330	$1,197	$1,348	−3.2%
59	Lloydminster	$1,287	$1,055	$1,378	8.10%
60	St. John's	$1,139	$1,065	$1,253	4.70%

Average Rent by City
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 $13.23. 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

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Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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