Real estate in Quebec in 2025: the market still vigorous before a possible slowdown

The end of 2025 should still be to the advantage of sellers in the real estate market in the greater Quebec region, experts predict. The anticipated decrease in the number of new arrivals coupled with the aging of the population could, however, reduce the pressure somewhat as 2026 approaches.

All indicators are greensays Nicolas Geoffroy-Brûlé, real estate broker and director of the RE/MAX Accès agency, bluntly. The start of the year is very, very hot.

According to him, the year 2024 already gave a glimpse of a great start in 2025. These are increases in the number of transactions and also increases in median prices in all categories. In single-family homes, we are talking about an increase of 10%, year over yearnotes Nicolas Geoffroy-Brûlé.

The median value of a single-family home in Quebec is now around $380,000, according to the most recent data from the Professional Association of Real Estate Brokers of Quebec (APCIQ). The year 2025 should still be marked by an increase in house prices.

A single market

The Quebec region particularly stands outnotes François Desrosiers, professor in the department of finance, insurance and real estate at the Faculty of Administrative Sciences at Laval University.

The market is still marked by a low registration rate and a scarcity of properties, but with a significant number of sales. This is where we observe the strongest increases in sales, 46% in all categories. In Quebec, for example, there is a 28% decrease in registrations. This results in price increasesexplains the expert.

The professor also recalls that the median value of houses in Quebec still remains affordable in comparison to other large cities in Quebec. It’s still affordable. It’s less so than it was, but it still is. Quebec has some catching up to do [par rapport aux autres villes]. In the long term, we risk losing this advantage, but it is still advantageous for a while.

The miracle Quebec

The strength of the real estate market is partly explained by a certain miracle Quebecaccording to François Desrosiers.

This is the fact that Quebec’s economy is one of the strongest in the country in terms of urban economy. It is an economy which over the last 30 years has diversified a lot, which is stable with a portion of very secure employment in the field of government, public administration, universities, large institutions, notably financial institutionshe explains. It is an economy that has also stood out by creating high-tech sectors.

All of this means that there is very high purchasing power in Quebec.

Rebalancing coming?

Few can have a crystal ball, but experts agree that certain factors could tend towards a rebalance. The measures announced in particular to limit the number of new arrivals could help, as could increases in marketing.

I don’t want to say that with the aging of the population which will slowly go to centers for retired people, we will perhaps arrive with a market in balance somewhere in 2026warns Nicolas Geoffroy-Brûlé.

The only way to have a rebalance is to have more offersbelieves François Desrosiers, also recalling that the population in Quebec is among the most aging in the country. Houses could therefore end up on the market for this reason.

The increase in the number of construction sites could also provide a boost in the years to come.

With information from Philippe L’Heureux