Quebec Housing Market Outlook 2025
Quebec Market Report Summary
- The average selling price of a home in Quebec increased by 8.3% year-over-year to $535,200 in October 2025.
- The average selling price of a single-family home in Quebec increased by 9.1% year-over-year to $606,700 in October 2025.
- The average selling price of a townhouse/multiplex in Quebec increased by 4.2% year-over-year to $562,900 in October 2025.
- The average selling price of a condo in Quebec increased by 6% year-over-year to $409,400 in October 2025.
- The average rent in Quebec decreased by -1.4% year-over-year to $1,939 for October 2025.
- November 25, 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 $535,200 for the month of October 2025, that’s increased by 0.6% compared to the previous month. On a year-over-year basis, Quebec home prices have increased 8.3% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $606,700 for the month of October 2025, that’s increased by 0.8% compared to the previous month. On a year-over-year basis, single-family home prices in Quebec have increased by 9.1% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $562,900 for the month of October 2025, that’s decreased by 2.5% compared to the previous month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 4.2% over the last 12 months.
Condo Prices
The average selling price of a condo in Quebec was $409,400 for the month of October 2025, that’s increased by 0.4% compared to the previous month. On a year-over-year basis, the price of a condo in Quebec has increased 6% 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 October 2025 was $535,200, and it increased of 8.3% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 64%, indicating a Sellers in Quebec for October 2025.
Quebec Sees Strong Momentum as Home Sales and Prices Rise
According to the Québec Professional Association of Real Estate Brokers (QPAREB), the provincial housing market continued to show strong momentum in October, with more listings coming to market and buyers benefiting from a wider selection of properties. Prices continued to rise across all major categories, and homes sold more quickly than last year, signalling an active, competitive market that is still moving at a steady pace.
Québec Home Sales Activity Rises 8%
Total residential sales increased 8% compared to October 2024. Active listings rose 3% and new listings climbed 8%, giving buyers more choice across many regions. Total sales volume increased 17%, reflecting continued demand and firm pricing. The market moved more quickly than last fall as buyers accessed more inventory and sellers navigated greater competition.
Single-family homes remained one of the strongest segments. The median price reached roughly $491,000, and average days on market fell from 52 to 42. Home buyers continued to move quickly in this category as demand held firm.
Government Data Points to a Resilient Provincial Market
Government of Quebec data for October 2025 reported 16,083 property sales across the province, up 13.9% YoY. Property transfers totalled 21,423, up 10.2%. The number of mortgages registered on properties increased by 19.5%, and the financial difficulties index improved by 4.6% compared to October 2024. All regions recorded higher sales except the North Shore, which slipped 0.7% for a second straight month. The National Capital Region led the province with a 28% increase.
Sales trends varied by price range. In the under-250,000-dollar segment, more than half of the regions recorded declines, although Montréal stood out with a 38.4% increase. In the 250,000- to 500,000-dollar range, 75% of regions recorded gains, with the North Shore leading at 41.5%. Sales over $500,000 increased in every region, with Gaspésie–Îles-de-la-Madeleine jumping 800% on 9 transactions alone. Mortgage activity rose across all regions, led by Abitibi-Témiscamingue, which saw a 27.5% increase.
Condos See Higher Prices, While Plexes Lead Price Growth
Condo sales slipped 2% year over year, yet the median price rose to $400,000 from $382,000 in October 2024. Days on market fell from 55 to 48, indicating that well-priced units still attracted strong interest even as more listings entered the market.
Plex properties from 2 to 5 units continued to outperform the broader market. Home sales were up 10%, and the median price jumped from $579,000 to $680,000. Days on market for this segment fell sharply from 69 to 46, pointing to strong investor and owner-occupier demand.
What These Trends Mean for Buyers and Sellers
The latest trends give buyers more choice and time to compare properties, while sellers face heavier competition that rewards accurate pricing and strong presentation. Homes continue to gain value and sell more quickly than last year, especially in the single-family and plex segments, which reflects firm underlying demand.
Homebuyers may benefit from improving inventory, and renewers and those looking to refinance face a market where valuations remain solid and borrowing costs hinge on upcoming policy signals. As resale activity slows in higher-priced regions of the country, easing shelter-cost inflation could support a steadier path for the Bank of Canada.
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Month-over-Month Expectations for Quebec
Transactions – Number of Sales
The number of sales in Quebec was 8,577 during October 2025, that’s increased by 12.2% compared to the previous month. On a year-over-year basis, sales in Quebec have increased by 7% over the last 12 months.
New Listings
The number of new listings in Quebec was 13,367 during October 2025, that’s decreased by 4.2% compared to the previous month. On a year-over-year basis, new listings in Quebec have increased by 6.1% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Quebec was 64% during October 2025, indicating a Sellers. On a monthly basis, that’s increased by 17.1% compared to the previous month. Quebec’s yearly sales to new listings ratio has increased by 0.8% 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 $1,939 for the month of October 2025, which decreased by -1.4% on a year-over-year basis.
The average rent for a bachelor apartment in Quebec was $1,445 for the month of October 2025, which increased by 1% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Quebec was $1,692 for the month of October 2025, which increased by 0.6% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Quebec was $2,144 for the month of October 2025, which decreased by 1.5% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Quebec was $1,692 for the month of October 2025, which decreased by 1.5% 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 $509.35 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 Québec 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.
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