Global economic tensions, the upcoming Canadian federal election, a new U.S. administration, and insufficient real estate inventories: the year 2025 promises to be full of challenges for the Quebec real estate market. Yet, despite these uncertainties, the outlook remains promising. Buoyed by falling mortgage rates and sustained demand, Quebec continues to stand out amongst other cities, with price appreciation forecast in all its major regions.
According to Royal LePage, the aggregate1 price of a home province-wide is expected to rise by 7.0% in the fourth quarter of 2025, compared to the same period in 2024, to reach $599,307, continuing the momentum seen this year. But it’s the regional variations that are attracting attention, including exceptional growth in the Quebec City region, where prices are expected to climb by 11.0%, the highest projected growth in the country.
“Resilience is what defined the Quebec real estate market in 2024,” said Dominic St-Pierre, executive vice president, business development, Royal LePage. “While some of the country’s largest markets experienced a period of price correction or stagnation, Quebec’s major urban markets continued to see significant property price growth in the face of still-present inventory shortages, with the Quebec City region leading the way. In our crystal ball for 2025, we see upward pressure on prices to continue, with a gradual return to long-term historical norms. Competition is expected to be particularly strong in the first half of the year, when we’ll see most of the price increases, paving the way for an early spring market.”
Royal LePage forecasts that the median price of a single-family detached home and condominium in the province will increase 8.0% and 6.0% to reach $672,516 and $474,350, respectively, in the fourth quarter of 2025 compared to the same period in 2024.2
Of the five markets included in the forecast, Quebec City should maintain its top ranking, with the aggregate home price expected to rise 11.0% to $442,113 in the final quarter of 2025. This is also the strongest price growth forecast among major regions in Canada.
“As the province’s capital city, the Quebec City region has typically maintained a trend of limited growth in property prices, with no major fluctuations. Now, the pandemic has reversed the trend, making this market a star in recent years, and particularly in 2024 when other regions were experiencing a slowdown in both activity and prices. With borrowing costs lower today and a still-too-large shortfall of available properties, we expect price pressure to be higher in 2025 in this region,” said St-Pierre.
With geopolitical issues south of the border and in Canada, combined with persistent housing shortages and a growing number of measures to increase access to home ownership for first-time buyers, there are many factors that will shape the province’s real estate market in 2025.
In 2025, the Quebec real estate market will have to navigate through complex challenges, ranging from economic uncertainties related to Canada-U.S. relations and the federal election, to the management of a still insufficient inventory. Although falling interest rates are helping to restore consumer confidence, persistent housing shortages, exacerbated by moratoriums on new construction in several municipalities, will continue to keep upward pressure on prices. In addition, government measures such as longer mortgage amortizations and incentives for first-time buyers are aimed at improving affordability, but could also stimulate demand. Finally, an increase in immigration thresholds, while economically beneficial, will put additional pressure on infrastructure and the real estate market in large urban areas such as Montreal and Quebec City.
Highlights:
Source:
Director, Communications & Marketing, Quebec
Royal LePage
Long driven by strong demand, the real estate market in the Laurentian particularly in Saint-Sauveur and Morin-Heights is evolving. While it remains dynamic, it is now much more selective. This reality is fundamentally changing the way properties are sold. Today, buyers are no longer just looking for a house. They’re looking for a lifestyle and
In Q1 2026, the national aggregate home price ticked up a modest 0.7% over Q4 2025 Canada’s spring housing market is beginning to show signs of life after a long winter that kept many buyers and sellers on the sidelines. While headlines around economic uncertainty and global conflict continue to weigh on consumer confidence, a
For many buyers, foreclosure is a golden opportunity not to be missed. The idea of acquiring a home seized by a financial institution, sometimes listed at a price below market value, seems like a great deal. But is it really that simple? The reality is more nuanced… Behind this promise of savings lie specific rules,
