Quebec Real Estate This Week: Trends, Rates, and Tips for Buyers & Sellers

Hello, Quebec home aficionados! Whether you're eyeing a charming condo in Montreal, a cozy single-family home in Quebec City, or a savvy plex investment, here's your weekly dose of real estate happenings—with a sprinkle of smiles.

Market Trends — What's Hot (and What's Not)

• In Quebec City, November saw a modest 4% dip in residential sales compared to last year—but don't let that fool you. It was still the fourth-busiest November in 25 years, with plexes (multi-unit properties) stealing the spotlight with a 19% jump in sales. Meanwhile, inventories remain ultra-tight—single-family listings are down 24%, condos 14%, and plexes 13%. Homes are flying off the market: plexes sold in just 27 days on average, single-family homes in 26, condos in 24. Prices are surging—plexes up 23% to about $552,000, condos +16% to $320,000, and single-family homes +13% to $453,500.
• Province-wide, residential construction has surged—up 26% in 2025 compared to 2024—especially rental housing, which should help ease tightness over time. Still, demand for existing homes remains strong, keeping prices elevated.
• Looking back at Q3, sales were up 11% year-over-year, hitting their highest levels since 2020. Plexes outpaced other segments in both price and demand, while average time on market dropped significantly—single-family homes now take around 44 days to sell, 11 fewer than last year.

Interest Rates — The Lowdown

The Bank of Canada held its key rate steady at 2.25% as of mid-December, signaling a cautious pause amid economic uncertainty. Officials remain undecided about the next move—facing volatile data and trade risks, especially with the U.S.

Tips for Buyers & Sellers

• Buyers: Be ready to act fast—low inventory and quick sales mean your dream home won't wait. Consider plexes if you're open to rental income—they're hot and often outperform other segments. And keep an eye on new construction—rising rental and housing starts may offer more options soon.
• Sellers: You're in the driver's seat—especially in Quebec City. With inventories low and demand high, pricing confidently is fair game. Still, don't overprice—properties still need to move quickly to keep momentum in your favor. And if you're building rentals, you're part of the solution to the supply squeeze—so carry on, you heroes.

That's your Quebec real estate snapshot, served with a wink. Whether you're buying, selling, or just daydreaming of a home with a view, stay savvy—and may your next move be your best one!