Quebec Housing Market Outlook 2026

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Housing Activity Moderates in Québec

Quebec’s housing market is entering 2026 in transition, not decline. Provincial sales are forecast to total about 95,700 transactions this year, a modest 2% decrease from last year. January housing data reinforces that shift. Sales across Quebec fell 7% year over year to 9,185 transactions, confirming softer momentum at the start of the year. However, this slowdown follows several years of exceptional activity, and volumes remain historically strong.

Are Home Prices Still Rising in Quebec in 2026?

Home prices in Quebec are projected to continue increasing despite softer sales volumes. The provincial median price for single-family homes is forecast to rise 6% to $520,200, while condominium prices are expected to increase 3% to $408,000.

Sales activity shows divergence by price tier. Transactions above $500,000 increased 6.6% in January, while sales under $250,000 declined 18.5%. The $250,000-$500,000 segment declined by 8.8%. This divergence indicates that higher-income buyers remain active, while entry-level homebuyers are more constrained by affordability and qualification rules.

Is Supply Still Tight in Quebec?

Inventory remains structurally constrained in many regions, thereby supporting price growth despite softer sales. Quebec City, in particular, faces persistent scarcity across property segments, supporting stronger upward pressure on values. In contrast, Montreal is experiencing more balanced conditions, especially in condominiums, where rising inventory is improving buyer leverage.

Outside major centres, regional trends vary. Saguenay–Lac-Saint-Jean posted a 7.6% increase in January sales, while most other regions saw declines. Laval was one of the few regions to register modest growth, confirming that Quebec’s market is regionally fragmented rather than uniformly slowing.

Why Are Mortgages Rising While Sales Decline?

One of the most notable January indicators is the 10.7% increase in registered mortgages, despite declining home sales. Nearly every administrative region recorded growth in mortgage activity. This misalignment of data suggests two key forces: higher renewal volumes and refinancing activity as households adjust to post-pandemic rate environments.

Quebec’s financial difficulties index declined 7.5% year over year. Notices of exercise fell 11.1%, and total hardship-related acts decreased. This trend shows that homeowners are generally managing renewal transitions without systemic stress, despite higher borrowing costs than during the pandemic.

What Defines Quebec’s 2026 Market?

Quebec is not experiencing a price-correction cycle as in some other provinces. Instead, it is seeing controlled normalization. Sales volumes are easing modestly, but limited supply and stable mortgage rates are supporting continued price growth.

The defining pattern for 2026 is divergence. Higher-priced segments are holding firm. Entry-level segments are feeling affordability constraints. Mortgage activity is rising even as sales transactions fall. And financial distress remains contained.

This combination points to resilience rather than retrenchment. Quebec’s housing market is moderating, but it remains structurally supported by limited inventory, disciplined borrowing behaviour, and regional demand that continues to absorb available supply.

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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 $535,000 in January.
• The average selling price of a single-family home in Quebec increased by 7.4% year-over-year to $601,700 in January.
• The average selling price of a townhouse/multiplex in Quebec increased by 3.1% year-over-year to $569,800 in January.
• The average selling price of a condo in Quebec increased by 5.8% year-over-year to $414,500 in January.
• The average rent in Quebec decreased by 3.2% year-over-year to $1,914 for January.
• February 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 January was $535,000, and itincreased of 7.1% compared to a year ago.

QPAREB also reported a sales-to-new-listings ratio (SNLR) of 42%, indicating Balanced market conditions in Quebec for January.

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 $1,914 for the month of January, which decreased by year over year.

The average rent for a 1-bedroom apartment in Quebec was $1,682 for the month of January, which decreased by year over year.

The average rent for a 2-bedroom apartment in Quebec was $2,165 for the month of January, which decreased by year over year

Rental Price Changes by City

Rank	CITY	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,958	$2,469	$3,287	−2.2%
2	Vancouver	$2,650	$2,362	$3,279	−4.8%
3	Oakville	$2,502	$2,216	$2,576	−19.3%
4	Toronto	$2,504	$2,183	$2,801	−8.6%
5	North York	$2,528	$2,127	$2,688	−1.9%
6	Burnaby	$2,505	$2,144	$2,809	−6.7%
7	Coquitlam	$2,524	$2,107	$2,765	−3.9%
8	Mississauga	$2,446	$2,043	$2,454	−8.6%
9	Etobicoke	$2,382	$2,102	$2,562	−8.3%
10	Kanata	$2,412	$2,238	$2,502	−17.3%
11	Brampton	$2,361	$1,910	$2,208	−7.2%
12	Kingston	$2,315	$1,968	$2,502	22.0%
13	Scarborough	$2,318	$1,910	$2,417	−5.6%
14	Vaughan	$2,266	$2,082	$2,499	−6.7%
15	Greater Sudbury	$2,067	$1,918	$2,167	−2.4%
16	Langley	$2,344	$2,071	$2,465	−1.8%
17	Burlington	$2,376	$2,065	$2,443	−5.0%
18	Ajax	$2,248	$1,814	$2,229	−4.5%
19	Halifax	$2,270	$2,052	$2,500	0.10%
20	Victoria	$2,224	$1,942	$2,605	−5.1%
21	Guelph	$2,159	$1,979	$2,291	−4.0%
22	Kelowna	$2,015	$1,686	$2,124	−10.8%
23	Surrey	$2,124	$1,818	$2,249	−8.5%
24	Ottawa	$2,127	$1,945	$2,458	−2.8%
25	New Westminster	$2,120	$1,872	$2,611	−7.4%
26	Waterloo	$2,230	$2,028	$2,367	−2.7%
27	Oshawa	$2,121	$1,753	$2,052	−5.4%
28	Nanaimo	$2,055	$1,820	$2,328	8.20%
29	Barrie	$2,154	$1,904	$2,184	−1.2%
30	East York	$2,302	$1,963	$2,554	−4.3%
31	Hamilton	$2,069	$1,753	$2,086	0.40%
32	Brossard	$2,066	$1,794	$2,169	1.60%
33	Cambridge	$2,057	$1,797	$2,101	−6.4%
34	Kamloops	$1,992	$1,805	$2,161	5.60%
35	Airdrie	$1,954	$1,450	$1,739	−0.9%
36	Laval	$2,098	$1,710	$2,348	11.00%
37	Kitchener	$2,013	$1,819	$2,130	−4.5%
38	Brantford	$1,979	$1,802	$2,058	0.50%
39	Niagara Falls	$1,929	$1,684	$1,899	−9.4%
40	Montreal	$1,913	$1,710	$2,216	−1.3%
41	London	$1,916	$1,650	$2,051	−4.5%
42	Gatineau	$1,885	$1,655	$2,072	−4.7%
43	Calgary	$1,871	$1,535	$1,850	−3.9%
44	Peterborough	$1,973	$1,677	$1,991	−2.3%
45	St. Catharines	$1,827	$1,608	$1,945	−1.2%
46	Welland	$1,675	$1,506	$1,823	−0.4%
47	Windsor	$1,658	$1,523	$1,839	−0.1%
48	Sarnia	$1,728	$1,508	$1,833	−3.9%
49	Winnipeg	$1,664	$1,409	$1,796	3.10%
50	Côte Saint-Luc	$1,535	$1,402	$1,787	−21.4%
51	Edmonton	$1,591	$1,279	$1,619	−2.6%
52	Saskatoon	$1,566	$1,350	$1,554	4.50%
53	Lethbridge	$1,528	$1,369	$1,570	0.70%
54	Quebec City	$1,485	$1,364	$1,646	−12.3%
55	Red Deer	$1,529	$1,219	$1,489	5.90%
56	Regina	$1,466	$1,255	$1,538	4.80%
57	Fort McMurray	$1,370	$1,167	$1,419	−1.3%
58	Medicine Hat	$1,372	$1,217	$1,395	0.10%
59	Lloydminster	$1,235	$1,025	$1,340	7.70%
60	St. John's	$1,238	$1,086	$1,250	−6.4%

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 $509.35 per month on nesto’s lowest fixed 5-year rate at and $495.28 per month on nesto’s lowest adjustable 5-year rate at .

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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nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

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