A total of 23,354 residential sales were completed by Quebec real estate brokers during the first quarter of the year, a 2% decline from the 23,910 transactions recorded during the same period in 2025.
According to data from the Quebec Professional Association of Real Estate Brokers (QPAREB), only the metropolitan areas of Saguenay and Sherbrooke posted gains at 14% and 6%, respectively.
The number of listed residential properties grew by 6% year-over-year, reaching 36,142 active listings on the Centris system. All property categories posted increases, with a more significant rise for condominiums (16%) than for single-family homes and plexes (2% each).
Across Quebec, the median price of single-family homes reached $511,850, up 6% from the previous year. Condominium prices stood at $400,000, a 3% increase. For plexes, half of all transactions exceeded $675,000, representing an 8% increase.
“The Quebec real estate market is entering a stabilization phase, yet without any real easing of pressure. While activity is slowing slightly, demand remains strong, driven by relatively favorable economic conditions, including stable interest rates and a resilient job market,” said Charles Brant, QPAREB market analysis director. “Buyers must, however, continue to contend with financing conditions that remain restrictive. That said, they do have greater flexibility than elsewhere in the country, particularly when compared to the Ontario and British Columbia markets, which are currently experiencing more pronounced adjustments, with signs of a price correction and an increased pressure on the repayment capacity of some households.”
Brant added, “What comes next will largely depend on the evolution of interest rates and household confidence, especially as the international geopolitical context raises the risk of higher inflation in Canada.”
0 Comments