Quebec Housing Market | 2026 Home Prices

Québec Signals Cooling Housing Momentum in December as Supply Pressures Set the Tone for 2026

Residential activity across Quebec cooled modestly in December after a very active year, with sales easing from earlier momentum while remaining well above long-term norms. Inventory remained tight across most regions, mainly for single-family homes and plexes, keeping competition elevated and prices rising despite slightly longer selling times in a few markets. Condominiums continued to show the first signs of balance, particularly in larger urban centres. However, overall market conditions in December still favoured sellers, reflecting a structural supply shortage that has yet to improve meaningfully, according to data released by the Québec Professional Association of Real Estate Brokers (QPAREB).

Looking ahead to 2026, economists and housing analysts expect Quebec’s resale market to remain resilient rather than overheated, with activity supported by solid household formation and improved financing flexibility, but capped by affordability constraints and limited new supply. Price growth is expected to persist, though at a more uneven pace across regions, with smaller and supply-constrained markets remaining under the most pressure. At the same time, larger urban centres are expected to gradually shift toward more balanced conditions if listings continue to rebuild.

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Quebec Housing Market Highlights

The average selling price of a home in Quebec increased by 7.1% year-over-year to $529,600 in December.
The average selling price of a single-family home in Quebec increased by 7.8% year-over-year to $597,900 in December.
The average selling price of a townhouse/multiplex in Quebec increased by 9.1% year-over-year to $576,400 in December.
The average selling price of a condo in Quebec increased by 3.8% year-over-year to $404,700 in December.
The average rent in Quebec decreased by 2.3% year-over-year to $1,937 for December.
January 20, 2026: Today’s lowest mortgage rate in Québec is 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 December was $529,600, and itincreased of 7.1% compared to a year ago.

QPAREB also reported a sales-to-new-listings ratio (SNLR) of 111%, indicating Sellers market conditions in Quebec for December.

Composite Home Prices

The average selling price of a home in Quebec was $529,600 for the month of December, that’s increased by 0.4% month over month. On a year-over-year basis, Quebec home prices have increased 7.1% year-over-year.

Single-family Home Prices

The average selling price of a single-family home in Quebec was $597,900 for the month of December, that’s increased by 0.7% month over month. On a year-over-year basis, single-family home prices in Quebec have increased by 7.8% year-over-year.

Townhouse and Multiplex Prices

The average selling price of a townhouse in Quebec was $576,400 for the month of December, that’s unchanged by 0% month over month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 9.1% year over year.

Condo Prices

The average selling price of a condo in Quebec was $404,700 for the month of December, that’s decreased by 0.2% month over month. On a year-over-year basis, the price of a condo in Quebec has increased 3.8% year-over-year.

Transactions – Number of Sales

The number of sales in Quebec was 5,868 during December, that’s decreased by 21.6% month over month. On a year-over-year basis, sales in Quebec have decreased by 13% year over year.

New Listings

The number of new listings in Quebec was 5,266 during December that’s decreased by 44.8% month over month. On a year-over-year basis, new listings in Quebec have decreased by 9.5% year over year.

Real Estate Market

The sales-to-new-listings ratio (SNLR) in Quebec was 111% during December, indicating a Sellers. On a monthly basis, that’s increased by 42.1% month over month. Quebec’s yearly sales to new listings ratio has decreased by 3.9% 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