Housing Price Market Report: Quebec City – Q4 2025
Today, Royal LePage® released its Q4 2025 House Price Survey. Below are highlights from the report for the Quebec City, Quebec, housing market.
- The aggregate[1] home price increased 13.2% year over year to $453,600 in Q4 2025, and remained flat, increasing just 0.2% from Q3 2025.
- The median price of a single-family detached home increased 11.7% year over year to $478,400.
- The median price of a condominium increased 14.9% year over year to $337,200.
- Royal LePage is forecasting that the aggregate price of a home in Quebec City will increase 12.0% in the fourth quarter of 2026, compared to the same quarter last year.
Thursday, January 15th, 2025 – The fourth quarter of 2025 was marked by a particularly dynamic and competitive market. Days on market fell sharply, from 58 days in December of 2024, to just 36 days in December of 2025. This situation, combined with a decline in new listings, created a highly favourable environment for sellers. “Sellers have high expectations, and the market is meeting them, reflecting a persistent lack of inventory that continues to put upward pressure on prices,” observed Michèle Fournier, vice-president and real estate broker, Royal LePage Inter-Québec.
This momentum was driven largely by first-time purchasers. Encouraged by the interest rate cuts in 2025, these buyers have adapted to current price levels, focusing primarily on single-family homes in the $400,000 to $500,000 range, and condominiums priced between $300,000 and $400,000. “The shift in sentiment is reflected in a degree of resignation among buyers in the face of steadily rising prices,” explained Fournier, noting that in order to achieve their goal, buyers sometimes need to adjust their expectations or look beyond the downtown core.
Looking ahead to early 2026 and the spring market, Fournier expects the pronounced lack of inventory to continue supporting price growth. She does, however, note that some stabilization may emerge in the single-family home segment. The sharp price increases seen over the past year have brought the median price of a single-family home close to the $500,000 mark, which could act as a psychological threshold for first-time buyers and limit the magnitude of future gains. While demand remains strong, price appreciation may be more moderate than recently observed – a trend that will be closely watched in the second quarter. “The Quebec City region continues to catch up to other major Canadian markets, and those who bought last year have already seen a notable increase in the value of their home.”
Royal LePage is forecasting that the aggregate price of a home in Quebec City will increase 12.0 per cent in the fourth quarter of 2026, compared to the same quarter last year.
Nationally, the aggregate price of a home in Canada decreased 1.5 per cent year over year to $807,200 in the fourth quarter of 2025. On a quarter-over-quarter basis, the national aggregate home price posted a similar decline of 1.1 per cent, reflecting softer market conditions and persistent buyer caution that weighed on activity during the traditionally active fall season.
“Despite subdued activity levels, home prices largely held their ground in the final quarter of 2025,” said Phil Soper, president and CEO, Royal LePage. “Economic uncertainty – driven by trade disputes and broader geopolitical tensions – has weighed on consumer confidence and muted what is typically a more active fall market. Instead of a fall seasonal surge, we saw a quieter close to the year.
“That said, buyers heading into the spring market have a meaningful advantage over last year: lower borrowing costs, stable or lower property prices, and choice. In an era where home inventory is chronically constrained, inventory levels are Goldilocks healthy. Together, these conditions are creating a genuine window of opportunity, particularly for first-time buyers in Canada’s most expensive markets.”
The Royal LePage National House Price Composite is compiled from proprietary property data nationally and regionally in 64 of the nation’s largest real estate markets. When broken out by housing type, the national median price of a single-family detached home decreased 0.8 per cent year over year to $849,100, while the median price of a condominium decreased 2.9 per cent year over year to $575,300. On a quarter-over-quarter basis, the median price of a single-family detached home decreased 1.3 per cent, and the median price of a condominium decreased 0.9 per cent. Price data, which includes both resale and new build, is provided by RPS Real Property Solutions, a leading Canadian real estate valuation company.
Among Canada’s major cities, the most pronounced price declines were concentrated in the most expensive metropolitan markets – Toronto and Vancouver – where aggregate home prices fell 5.7 per cent and 4.1 per cent year over year, respectively, in the fourth quarter.
“At long last, home values across Canada are beginning to compress,” said Soper. “For years, price growth in Toronto and Vancouver far outpaced the rest of the country, but our two most expensive metro markets have experienced gradual price declines for four years now, while other major cities saw steady, modest appreciation and are closing the gap.
“This convergence has meaningful implications. As affordability improves in Southern Ontario and British Columbia’s Lower Mainland, households are less likely to feel pressured to relocate purely on housing costs, potentially tempering the interprovincial migration patterns that intensified during the pandemic.”
Royal LePage is forecasting that the aggregate price of a home in Canada will increase 1.0 per cent in the fourth quarter of 2026, compared to the same quarter last year.
Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q4-2025
Royal LePage Forecast Chart: rlp.ca/market-forecast-Q4-2025
[1] Aggregate prices are calculated using a weighted average of the median values of all housing types collected. Data is provided by RPS Real Property Solutions and includes both resale and new build.
