The province's real estate market continues to outpace expectations
Quebec’s residential property market demonstrated unexpected strength in the second quarter of 2025, with sales rising 11% from a year earlier.
New data released by the Quebec Professional Association of Real Estate Brokers (QPAREB) showed that the market remains below its pre-pandemic highs but continues to show resilience.
A total of 28,969 properties encompassing single-family homes, condominiums, and two- to five-unit plexes, changed hands across Quebec. This sales volume surpassed the five-year second-quarter average, indicating a vibrant market despite broader economic concerns. June’s transactions were particularly strong, rising 2.3% from May, mirroring levels seen early in 2025 before escalating uncertainty with the United States.
“Quebec’s residential real estate market appears to be holding up well overall, despite an environment of economic volatility,” stated Charles Brant, QPAREB’s market analysis director. He noted a contrast with Ontario and British Columbia, where sales have slowed and listings have surged, leading to price drops in major centres like Toronto and Vancouver.
Affordability remains a concern in Quebec – but Hélène Bégin, QPAREB senior economist, said the residential real estate market is “less vulnerable” than others because of lower prices. She added that the resale market in Quebec tends to exhibit a delayed and less severe impact from economic deterioration or rising mortgage rates.
Prices across all property categories continued their rapid ascent. The median sale price for a single-family home reached a record $500,000, an 11% increase from a year ago. Condominiums hit $399,900, and plexes climbed to $675,000.
This upward trend is attributed to a limited supply of properties, often leading to “overbidding,” particularly in the Quebec City Census Metropolitan Area (CMA). Overbidding, as defined by QPAREB, occurs when a property sells for at least 5% above its listing price after multiple purchase offers.
Regional variances emerge
While the provincial market generally thrives, QPAREB highlighted regions like Mauricie, Centre-du-Québec, and Saguenay–Lac-Saint-Jean for monitoring. These areas, with their industrial profiles, are more susceptible to the effects of US tariffs, reflected in faster-rising unemployment rates since the spring, QPAREB said. Despite this, their residential markets—including Drummondville, Trois-Rivières, and Saguenay CMAs—continue to show strong sales and rising prices, a trend QPAREB believes may be temporary.
The Montreal CMA saw sales increase by 12%, reaching 14,490 transactions. In the Quebec City CMA, sales jumped 9% to 2,819, marking its highest second-quarter activity since 2000. Sherbrooke stood out with a 27% surge in sales, while Drummondville and Saguenay also reported significant gains of 17% and 16%, respectively. Conversely, some localities, such as Sept-Îles and Lachute, experienced price declines.
The overall inventory of properties for sale across Quebec decreased by 2%, falling to 36,902, further tightening market conditions. This limited supply contributes to properties selling faster, with single-family homes, condominiums, and plexes all seeing a reduction in days on the market compared to last year.
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