Quebec Housing Market Outlook 2026
Quebec Listings Surge 21% While Prices Keep Climbing
According to the Quebec Professional Association of Real Estate Brokers (QPAREB), 6,502 residential sales closed across the province in August 2026, down 7% from August 2025. Supply moved the other way decisively, with active listings up 21% to 42,276 and new listings up 13% to 12,482. Quebec is rebalancing through inventory rather than through price.
- The composite MLS HPI benchmark was $540,800, up 3.1% year-over-year, though it eased 1.1% month-over-month. Quebec remains one of the strongest annual price performers among the provinces.
- The sales-to-new-listings ratio came in at 52%, comfortably balanced—a marked shift from the sellers’ conditions that defined the province through 2025.
- Plexes led on price and lagged on volume. The Centris median plex price jumped 11% year-over-year to $715,500 while plex sales fell 15% to 599 units. Single-family medians rose 2% to $497,501 and condominium medians rose 1% to $405,000.
The split between plex prices and plex volume tells its own story. Fewer of these properties are trading, but the ones that do are selling for materially more, which points to a supply shortage in Quebec’s small multi-unit stock rather than broad-based demand. Condominiums tell the opposite story, with sales down 12% and active listings up 22%, and days on market stretching from 51 to 60.
Buyers across Quebec have roughly a fifth more choice than a year ago, while values continue to rise. Compare current mortgage rates in Quebec and reach out to our nesto mortgage experts to see what that combination means for your budget.
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Quebec Housing Market Highlights
- The average selling price of a home in Quebec increased by 3.15% year-over-year to $540,800 in August 2026.
- The average selling price of a single-family home in Quebec increased by 3.29% year-over-year to $611,800 in August 2026.
- The average selling price of a townhouse/multiplex in Quebec increased by 4.52% year-over-year to $587,800 in August 2026.
- The average selling price of a condo in Quebec increased by 3.57% year-over-year to $417,500 in August 2026.
- October 6, 2026: Today’s lowest mortgage rate in Québec is 4.59% 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 August 2026 was $540,800, and it increased by 3.15% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 52.1%, indicating balanced market conditions in Quebec for August 2026.
| Quebec | Composite Price August 2026 | Composite Price July 2026 | YoY Change (%) | MoM Change (%) |
|---|---|---|---|---|
| Single Family Home | $611,800 | $620,500 | increased by 3.29% | decreased by 1.40% |
| Townhouse/Multiplex | $587,800 | $582,200 | increased by 4.52% | increased by 0.96% |
| Condo / Apartments | $417,500 | $419,000 | increased by 3.57% | decreased by 0.36% |
| Composite | $540,800 | $546,600 | increased by 3.15% | decreased by 1.06% |
Quebec Home Price Changes Over The Last Decade
Composite Home Prices
The average selling price of a home in Quebec was $540,800 for the month of August 2026, that’s decreased by 1.06% month-over-month. On a year-over-year basis, Quebec home prices have increased by 3.15%.
Composite Home Prices in Quebec
Monthly changes to Quebec’s composite home prices over the last 10 years.
Single-family Home Prices
The average selling price of a single-family home in Quebec was $611,800 for the month of August 2026; that’s decreased by 1.40% month-over-month. On a year-over-year basis, single-family home prices in Quebec have increased by 3.29%.
Single-Family Home Prices in Quebec
Monthly changes to Quebec’s single-family home prices over the last 10 years.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Quebec was $587,800 for the month of August 2026; that’s increased by 0.96% month-over-month. On a year-over-year basis, the price of a townhouse in Quebec has increased by 4.52%.
Townhouse and Multiplex Prices in Quebec
Monthly changes to Quebec’s townhouse and multiplex home prices over the last 10 years.
Condo Prices
The average selling price of a condo in Quebec was $417,500 for the month of August 2026; that’s decreased by 0.36% month-over-month. On a year-over-year basis, the price of a condo in Quebec has increased by 3.57%.
Condo Prices in Quebec
Monthly changes to Quebec’s condominium apartment home prices over the last 10 years.
Quebec Housing Market Conditions
Number of Home Sales
The number of home sales in Quebec was 6,502 during August 2026, that’s decreased by 12.22% month-over-month. On a year-over-year basis, sales in Quebec have decreased by 8.54%.
Home Sales in Quebec
Quebec’s home sale transactions over the past 12 months.
New Listings
The number of new listings in Quebec was 12,482 during August 2026, that’s increased by 10.43% month-over-month. On a year-over-year basis, new listings in Quebec have increased by 10.44%.
New Listings in Quebec
Quebec’s new listings over the past 12 months.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Quebec was 52.1% during August 2026, indicating a balanced market. On a monthly basis, that’s decreased by 20.46% month-over-month. Quebec’s yearly sales-to-new-listings ratio has decreased by 17.17%.
SNLR in Quebec
Monthly change in Quebec’s sales-to-new-listings ratio (SNLR) over the past 12 months.
The sales-to-new-listings ratio (SNLR) measures home sales relative 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% indicates a balanced market, while an SNLR over 60% indicates a seller’s market.
Market Conditions in Quebec
| Sep 2025 | balanced market |
| Oct 2025 | sellers market |
| Nov 2025 | sellers market |
| Dec 2025 | sellers market |
| Jan 2026 | balanced market |
| Feb 2026 | balanced market |
| Mar 2026 | sellers market |
| Apr 2026 | sellers market |
| May 2026 | sellers market |
| Jun 2026 | sellers market |
| Jul 2026 | sellers market |
| Aug 2026 | balanced market |
SNLR — last 12 months
Monthly change in Quebec’s market conditions over the past 12 months.
Short-Term Composite Home Price Trend in Quebec
Monthly changes to Quebec’s composite home prices over the last 12 months.
Regional Composite Home Price Changes in Quebec
| Region | Composite Price August 2026 | Composite Price July 2026 | YoY Change (%) | MoM Change (%) |
|---|---|---|---|---|
| Central Quebec | $362,400 | $361,100 | increased by 8.60% | increased by 0.36% |
| Estrie | $495,700 | $512,000 | increased by 13.35% | decreased by 3.18% |
| Mauricie | $336,200 | $337,200 | increased by 9.62% | decreased by 0.30% |
| Montreal | $583,900 | $590,200 | increased by 2.21% | decreased by 1.07% |
| Quebec City | $436,100 | $446,400 | increased by 4.41% | decreased by 2.31% |
Quebec Market Rents Snapshot
The average rent in Quebec was $1,931 in August 2026 and decreased by 1.83% year-over-year.
The average rent for a 1-bedroom apartment in Quebec was $1,690 in August 2026 and increased by 0.42% year-over-year.
The average rent for a 2-bedroom apartment in Quebec was $2,149 in August 2026 and decreased by 0.37% year over year.
Average Rents for Cities Across Canada
| Rank | City | Total Avg | 1 Bed | 2 Bed |
|---|---|---|---|---|
| 1 | North Vancouver | $3,036 | $2,501 | $3,434 |
| 2 | Vancouver | $2,729 | $2,350 | $3,248 |
| 3 | Oakville | $2,695 | $2,316 | $3,021 |
| 4 | Toronto | $2,571 | $2,221 | $2,939 |
| 5 | Kanata | $2,524 | $2,251 | $2,754 |
| 6 | Burnaby | $2,520 | $2,119 | $2,724 |
| 7 | North York | $2,519 | $2,085 | $2,690 |
| 8 | Coquitlam | $2,510 | $2,087 | $2,709 |
| 9 | Etobicoke | $2,441 | $2,081 | $2,653 |
| 10 | Vaughan | $2,422 | $2,110 | $2,516 |
| 11 | Burlington | $2,386 | $2,068 | $2,425 |
| 12 | Halifax | $2,365 | $1,999 | $2,591 |
| 13 | Mississauga | $2,346 | $2,042 | $2,443 |
| 14 | Barrie | $2,332 | $2,103 | $2,472 |
| 15 | Langley | $2,266 | $1,911 | $2,480 |
| 16 | Brampton | $2,259 | $1,971 | $2,351 |
| 17 | Victoria | $2,255 | $1,994 | $2,649 |
| 18 | Guelph | $2,224 | $1,927 | $2,276 |
| 19 | New Westminster | $2,203 | $1,901 | $2,655 |
| 20 | Kingston | $2,200 | $1,933 | $2,353 |
| 21 | Ottawa | $2,200 | $1,958 | $2,470 |
| 22 | Scarborough | $2,187 | $1,835 | $2,319 |
| 23 | Surrey | $2,185 | $1,796 | $2,250 |
| 24 | Ajax | $2,182 | $1,890 | $2,241 |
| 25 | Waterloo | $2,169 | $1,922 | $2,337 |
| 26 | Laval | $2,130 | $1,726 | $2,352 |
| 27 | Nanaimo | $2,078 | $1,844 | $2,251 |
| 28 | Kelowna | $2,073 | $1,823 | $2,248 |
| 29 | East York | $2,056 | $1,792 | $2,379 |
| 30 | Brossard | $2,044 | $1,767 | $2,139 |
| 31 | Cambridge | $2,027 | $1,834 | $2,174 |
| 32 | Oshawa | $2,023 | $1,740 | $2,019 |
| 33 | Niagara Falls | $1,978 | $1,659 | $1,958 |
| 34 | Airdrie | $1,966 | $1,429 | $1,774 |
| 35 | Greater Sudbury | $1,959 | $1,720 | $2,101 |
| 36 | Kamloops | $1,957 | $1,750 | $2,026 |
| 37 | Montreal | $1,957 | $1,742 | $2,259 |
| 38 | Kitchener | $1,938 | $1,691 | $2,084 |
| 39 | Hamilton | $1,921 | $1,653 | $2,135 |
| 40 | London | $1,913 | $1,651 | $2,030 |
| 41 | Brantford | $1,911 | $1,787 | $2,025 |
| 42 | Peterborough | $1,892 | $1,680 | $1,918 |
| 43 | Calgary | $1,885 | $1,508 | $1,845 |
| 44 | St. Catharines | $1,810 | $1,530 | $1,921 |
| 45 | Gatineau | $1,776 | $1,607 | $1,857 |
| 46 | Welland | $1,754 | $1,505 | $1,978 |
| 47 | Côte Saint-Luc | $1,710 | $1,405 | $1,966 |
| 48 | Windsor | $1,670 | $1,475 | $1,906 |
| 49 | Winnipeg | $1,646 | $1,426 | $1,754 |
| 50 | Edmonton | $1,631 | $1,275 | $1,646 |
| 51 | Sarnia | $1,607 | $1,438 | $1,674 |
| 52 | Quebec City | $1,586 | $1,299 | $1,677 |
| 53 | Red Deer | $1,573 | $1,345 | $1,515 |
| 54 | Lethbridge | $1,545 | $1,334 | $1,572 |
| 55 | Saskatoon | $1,517 | $1,295 | $1,531 |
| 56 | Regina | $1,468 | $1,291 | $1,536 |
| 57 | Fort McMurray | $1,378 | $1,163 | $1,382 |
| 58 | Medicine Hat | $1,371 | $1,228 | $1,381 |
| 59 | Lloydminster | $1,330 | $1,056 | $1,412 |
| 60 | St. John's | $1,293 | $1,136 | $1,453 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province
| LOCATION | Total | 1B | 2B |
|---|---|---|---|
| AB | $1,776 | $1,405 | $1,747 |
| BC | $2,387 | $2,048 | $2,634 |
| MB | $1,643 | $1,419 | $1,742 |
| ON | $2,256 | $1,968 | $2,437 |
| QC | $1,931 | $1,690 | $2,149 |
| SK | $1,461 | $1,265 | $1,502 |
| Atlantic Canada | $2,274 | $1,909 | $2,434 |
| Canada | $2,035 | $1,753 | $2,146 |
Average Rent by Property Type Across Canada
| TYPE | Total | 1B | 2B |
|---|---|---|---|
| All | $2,035 | $1,753 | $2,146 |
| Apartment | $2,038 | $1,799 | $2,232 |
| Condominium | $2,050 | $1,827 | $2,170 |
| House/Townhouse | $2,014 | $1,305 | $1,733 |
How Does Renting Compare With Homeownership in Quebec?
Each $100,000 in mortgage balance costs an average of $564 per month on nesto’s lowest fixed 5-year rate at 4.59%, and $506 per month on nesto’s lowest adjustable 5-year rate at 3.45%.
On the variable side, a 0.25% change in the Bank of Canada’s policy rate moves that payment by roughly $13.47 per $100,000 if rates rise, or $13.27 if they fall. Fixed payments aren’t affected the same way mid-term—a fixed rate is locked for the term and tracks bond yields, not the policy rate directly, so this sensitivity applies only to the variable side.
The interest rates used for the calculation are those offered on insured purchases with less than a 20% down payment, on a 25-year amortization, as of October 6, 2026 and are subject to change. Canada’s policy rate is 2.25%, and nesto’s prime rate is 4.45%.
We're curious…
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 21% in August to 42,276 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 composite benchmark rose 3.1% year over year in August to $540,800, and the Centris median plex price jumped 11% to $715,500, while single-family medians rose 2% to $497,501 and condominium medians rose 1% to $405,000. QPAREB expects the single-family median to keep climbing through the rest of 2026. Nationally, Quebec remains one of the strongest annual price performers among the provinces.
Why Is Quebec Rebalancing Through Inventory Instead of Price?
Quebec is rebalancing through inventory rather than price because supply is rebuilding fastest in exactly the segments where demand has weakened. Active listings rose 21% in August to 42,276, concentrated in condominiums, where sales fell 12% even as listings climbed 22% and days on market stretched from 51 to 60. Plex sales fell 15% even as prices jumped 11%, pointing to thin volume rather than weak pricing. The result is a sales-to-new-listings ratio of 52%, comfortably balanced, without prices needing to give up their gains.
Which Quebec Property Type Is Softening Fastest?
Condominiums are softening the fastest in Quebec in terms of volume, even though prices there are still rising. August condominium sales fell 12% year over year while active listings climbed 22% and days on market stretched from 51 to 60, the clearest sign of the segment cooling. Plexes moved even more sharply in terms of volume, with sales down 15%, but their median price still jumped 11% to $715,500, suggesting a genuine supply shortage in that category rather than softening demand.
Is Quebec Still More Affordable Than Ontario and British Columbia?
Quebec remains more affordable than Ontario and British Columbia in 2026, with a composite benchmark of $540,800 against Ontario’s $745,400. That gap is part of why Quebec has continued to post price gains while the two larger provinces have recorded declines. The advantage is narrowing, however, because prices in Quebec are rising while prices in Ontario and British Columbia are falling, 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, along with the East Coast, as among the sellers’ markets that have been cooling steadily for about a year. 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 prices in Quebec 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 have fallen nationally in six of the past seven provinces, 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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