Quebec Real Estate Market in 2026: Stabilization or the Calm Before the Storm?
Friends, the latest statistics for the first quarter of 2026 from the Quebec Professional Association of Real Estate Brokers (QPAREB) are here. In short, the province's real estate market has entered a stabilization phase. The frenzy of previous years has finally subsided. However, it is still premature to say that things have become easy for buyers.
Let’s break down what is happening with prices, demand, and supply.
Market Activity and Key Figures
The market is showing enviable resilience. This remains true despite a slight dip in activity. Specifically, there were 23,354 properties sold, which is 2% less than last year. Moreover, demand is still fueled by stable employment levels. In addition, predictable interest rates help maintain this trend.
Experts warn that tight lending conditions still hamper many buyers. Nevertheless, Quebec looks like a safe haven compared to Toronto or Vancouver. This is because those markets are experiencing much higher volatility.
Changes in Property Supply
There is good news regarding inventory. For instance, for the first time in a long while, the number of listings has started to grow. Currently, there are over 36,000 properties on the market. Consequently, this represents a 6% increase over last year.
Condos: In this case, the selection has grown significantly, by 16%.
Single-family homes: Supply increased by only 2%. As a result, a shortage persists in this segment.
Regional Differences in Supply
The situation varies greatly by city. For example, in Gatineau and Montreal, inventory rose by 10–18%. In contrast, the deficit has only intensified in Quebec City and Sherbrooke. Therefore, your location significantly impacts your options.
Price Trends Across the Province
Price growth has slowed down recently. However, price tags continue to creep upward.
Median prices in the Quebec region:
Single-family home: $511,850 (+6% year-over-year).
Condo: $400,000 (+3% year-over-year).
Plexes (revenue properties): $675,000 (+8% year-over-year).
Notable Price Shifts
Mont-Tremblant stood out particularly. There, home prices jumped by 22%. On the other hand, Gatineau recorded a symbolic decrease of 1%. Thus, the market remains localized.
Analyzing the Montreal Market
In Montreal itself, the situation is mixed. Home sales dipped by 4%. However, the selection of condos has become much richer. Specifically, there was a 19% increase in listings. Nevertheless, property owners still dictate the terms. Therefore, it remains a seller's market.
Detailed prices in Montreal:
Single-family homes: Prices rose by 7%. Specifically, the median price now stands at $640,000.
Condos: This segment is seeing almost total calm. Growth was just 1%, and the price stabilized around $425,000.
Plexes: These remain a prime target for investors. Consequently, the price rose by 8% to surpass the $865,000 mark.
Speed of Sales in Montreal
Additionally, properties in Montreal move very quickly. On average, a house finds a buyer in just 38 days. Meanwhile, plexes and condos sell in approximately 53 to 54 days. Because of this, buyers must act fast.
Summary and 2026 Market Forecast
The 2026 Quebec real estate market is showing resilience. It is gradually returning to balance. Consequently, this provides more opportunities for buyers in the condo segment.
Advice for Buyers and Sellers
For buyers, selection is increasing, especially for condos. Therefore, now is a good time for negotiations. This is because market pressure has begun to ease. For sellers, if you plan to sell, do not delay. This is because the time to find a buyer is at a multi-year low.
If you are planning to buy or sell real estate, contact me. I will help you find the perfect property. Furthermore, I guarantee a legally secure transaction that complies with all new Quebec laws.
Denis Kornienko Your Real Estate Expert in Montreal Helping families build a secure future in Montreal.