Quebec real estate brokers completed 23,354 residential sales during the first quarter of 2026, representing a 2 per cent decrease compared to the 23,910 transactions recorded during the same period in 2025.
The Quebec Professional Association of Real Estate Brokers (QPAREB) released its residential real estate market statistics for the province.
“The Quebec real estate market is entering a stabilization phase, yet without any real easing of pressure,” notes Charles Brant, QPAREB market analysis director. “While activity is slowing slightly, demand remains strong, driven by relatively favourable economic conditions, including stable interest rates and a resilient job market.
“Buyers must, however, continue to contend with financing conditions that remain restrictive. That said, they do have greater flexibility than elsewhere in the country, particularly when compared to the Ontario and British Columbia markets, which are currently experiencing more pronounced adjustments, with signs of a price correction and an increased pressure on the repayment capacity of some households.”
According to Brant, the Quebec market is gradually rebalancing, but conditions continue to favour sellers. “What comes next will largely depend on the evolution of interest rates and household confidence, especially as the international geopolitical context raises the risk of higher inflation in Canada,” he adds.
Sales and inventory data
By geographic market, only the metropolitan areas of Saguenay and Sherbrooke posted sales gains. The agglomerations of Shawinigan, Rimouski, Mont-Tremblant, Thetford Mines, Sainte-Agathe-des-Monts, and Val-d’Or also stood out, with sale increases exceeding 15 per cent.
The number of listings grew by 6 per cent compared to the first quarter of 2025, reaching 36,142 active listings. However, inventory remains well below its 10-year historical average across all regions of Quebec.
All property categories posted increases, with a more significant rise for condominiums (up 16 per cent) than for single-family homes ( up 2 per cent) and plexes ( up 2 per cent).
On the supply side, the shortage of properties intensified in Quebec City and Sherbrooke compared to the 2025 first quarter. In contrast, supply grew, notably in the CMAs of Gatineau (+18 per cent), Montreal (+10 per cent), and Drummondville (+10 per cent). In the condo segment, supply has been increasing for a longer period, which has helped ease the pressure during negotiations. Although sellers still hold the advantage in most markets, months of inventory have risen in the Gatineau, Montreal, and Trois-Rivières.
Average prices
Across Quebec, the median price of single-family homes reached $511,850, up 6 per cent from the previous year. Condominium prices stood at $400,000, marking a 3 per cent increase. For plexes, half of all transactions exceeded $675,000, representing an 8 per cent increase compared to the previous year.
Condo prices saw the most notable increases in the Saguenay (+12 per cent), Sherbrooke (+11 per cent), Trois-Rivières and Quebec City (+9 per cent) CMAs, while remaining relatively stable elsewhere in Quebec.
In Montreal, market conditions remained generally stable and continued to favour sellers, especially in the single-family and plex segments. As conditions have eased slightly, the average price of condominiums grew 1 per cent, reaching $425,000.
