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Housing Price Report: Quebec City Market Report – Q3 2025

Today, Royal LePage® released its Q3 2025 House Price Survey. Below are highlights from the report for the Quebec City, Quebec, housing market.

  • In Quebec City, the aggregate[1] home price increased 16.5% year over year to $452,700 in Q3 2025, and increased 3.1% from Q2 2025. This represents the highest year-over-year price increase among Canada’s major regions for the sixth consecutive quarter.
  • The median price of a single-family detached home increased 16.2% year over year to $480,300.
  • The median price of a condominium increased 14.2% year over year to $332,500.
  • Royal LePage is forecasting that the aggregate price of a home in Quebec City will increase 15.0% in the fourth quarter of 2025, compared to the same quarter last year.

October 15, 2025 – According to Michèle Fournier, vice-president and real estate broker, Royal LePage Inter-Québec, the persistence of this price growth, while remarkable, is an accurate reflection of market realities. She points out that the inventory shortage is critical and remains the primary economic challenge.

However, Fournier notes that the market has become more nuanced. “If a home is priced fairly, bidding wars are still happening. However, buyers are increasingly reluctant to participate, and offers without inspection have become much less common,” she explains. She adds that properties listed above perceived market value tend to sit longer.

First-time buyers remain very active, especially for homes priced around $450,000. “They are motivated and eager to purchase. However, one must be realistic: to successfully buy a property in today’s market, it’s often necessary to have financial capacity above the listing price. A mortgage pre-approval with some flexibility is a major advantage,” advises Fournier.

The inventory shortage is also worsened by the fact that “seniors are staying in their homes until they absolutely have to move, freeing up properties that often require renovations,” explains Fournier. She notes that while buyers prefer turn-key properties, they’re willing to take on renovations if the home is in a desirable neighbourhood and priced accordingly.

Provincially, the Quebec real estate market continued to show remarkable vitality in the third quarter of 2025, contrasting with price adjustments observed in other Canadian provinces.

Despite forecasts of a slowdown, the Quebec residential market continues to show unwavering strength. The caution shown by some buyers has not led to any major declines in transactions or real estate values in most regions.

“The remarkable performance of Quebec’s real estate markets in the third quarter attests to the strength of its economic foundations. The Greater Montreal Area market, although less buoyant than the rest of the province in terms of sales growth, remains stable and favourable for sellers. We are seeing particularly strong momentum in Quebec City, where prices continue to climb rapidly and where inventory, which is nearly four times lower than pre-pandemic levels, has been quickly absorbed by strong demand. The province of Quebec is performing very differently than British Columbia and Ontario, establishing itself as a key player in the national real estate landscape. However, it should be noted that Montreal and Quebec City are beginning to catch up to the price levels of some of Canada’s major metropolitan areas, which is not always good news for affordability,” said Dominic St-Pierre, senior vice president of business development, Royal LePage.

“Despite some caution among households, demand remained strong, as evidenced by annual price increases in most markets across the province. The purchase of a property remains a desirable long-term investment project, and we are seeing that basic housing needs continue to support the market, even in a more uncertain environment. It should be noted that in some markets, a historic surplus of condominiums was quickly absorbed by strong demand, contributing to price increases in this segment.”

Home ownership remains an important goal for Quebecers. According to a recent Royal LePage survey, conducted by Burson,[2] 12% of adults in the province say they are actively working toward purchasing their first home within the next two years. Less than one-third of them (29%) say they will receive financial assistance from family members for their down payment. This is the lowest instance among the provinces, and well below the national average (41%).

“With its diversified economy, Quebec is well positioned to navigate economic uncertainties. Royal LePage anticipates that real estate prices across the province will continue to rise for the rest of the year. Sustained demand and limited supply, combined with fundamental housing needs, will remain the pillars of the Quebec residential market. However, special attention must be paid to the specific dynamics of each segment, particularly condominiums,” concluded St-Pierre. 

Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2025-QC
Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2025-QC 

[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.

[2] Canada’s housing market is ripe with possibility, but new buyer hopefuls are taking their time, September 25, 2025