Quebec recreational real estate market: Resilience and continued price growth near ski resorts reflect the province’s residential market momentum in 2025
During the first nine months of the year, the median price of a single-family detached home in Quebec’s winter recreational property markets rose 3.6% compared to the same period last year
- Of the ten Quebec markets studied, eight recorded an increase in the price of single-family homes.
- The Mont Sutton ski region saw the highest year-over-year price increase for single-family detached homes (23.6%) in the first nine months of 2025.
- In terms of condominiums, the median price of a unit in the Bromont region rose 17.0% year over year; the highest increase in the province.
- Royal LePage® forecasts the price of a single-family detached home in Quebec’s winter recreational markets will increase 3.0% over the next year.
MONTREAL, November 20, 2025 – According to the Royal LePage 2025 Winter Recreational Property Report,[1] which analyzes the residential real estate markets around Quebec’s major ski areas, prices and sales activity have remained on the rise this year.
“Quebec’s recreational markets continued to show steady price growth in 2025. Unlike the mainstream market, these properties are often less sensitive to interest rate fluctuations, attracting a financially stable clientele that is less influenced by the overall economic outlook,” said Dominic St-Pierre, senior vice president of business development, Royal LePage. “Demand remains strong, driven by those seeking to enjoy nature and the many outdoor amenities these markets offer.”
Provincial overview of activity and prices
Activity in the province’s winter recreational markets increased in 2025, driven by steady demand and the intrinsic resilience of this segment. According to the report, the total number of transactions in the markets studied increased 17.3% in the first nine months of 2025, compared to the same period last year.
The median price of a single-family detached home in the province of Quebec rose 3.6% in the first nine months of the year, compared to the same period in 2024, reaching $566,300.
Among the 10 ski regions studied, only Mont-Tremblant and Bromont saw the median price of single-family properties decline. This is due to higher inventory levels, which had a moderating effect on price appreciation in these regions.
Canadians look to vacation at home amid trade tensions with U.S.
Political and economic tensions between Canada and the United States, and as a result, the ‘Buy Canadian’ movement – which has encouraged Canadians to direct their time and money toward domestic products, services and destinations in response to the tariffs imposed by the U.S. – are changing how and where Canadians are choosing to spend their vacations. Statistics Canada has reported year-over-year declines of Canadian-resident return trips by automobile from the United States every month this year to date.[2]
It has also had a ripple effect on the real estate market, including within recreational regions. Forty-seven per cent of Royal LePage recreational property experts reported more inquiries from domestic buyers of recreational real estate. Meanwhile, 27% of experts have noted an increase in the number of American buyers inquiring about recreational real estate in their area over the past year.
“Political tensions with the United States are prompting many Canadians to reconsider their investments and vacation destinations. It is therefore not surprising to see more and more Canadians turning to the local market, including Quebec, for their winter getaways,” says St-Pierre. “This shift could lead to a significant withdrawal from the American property market, impacting economies such as Florida, Arizona and California. But, more importantly, it stimulates reinvestment in our own recreational markets. In addition, the favourable exchange rate makes our recreational properties particularly attractive to American buyers. We therefore anticipate an increased wave of requests for information in the coming months.”
According to a recent Royal LePage survey, conducted by Burson, more than half (54%) of Canadians who currently own residential property in the U.S. say they are planning to sell within the next year, among whom a majority (62%) credit the current political administration as the main reason.[3] Thirty-three per cent of them say they are motivated by other factors, such as personal and financial reasons, and another five per cent say it is due to increasingly extreme weather conditions, like hurricanes, flooding and forest fires. When asked if they plan to reinvest the proceeds of the sale of their U.S. home into the Canadian real estate market, almost one third (32%) of respondents who have recently sold or are planning to sell within the next year answered ‘yes’.
Market Forecast
Given the four interest rate cuts made by the Bank of Canada in 2025 and strong buyer confidence, activity is expected to snowball across Quebec’s recreational markets, both near ski resorts and beyond.
“We expect to see increased activity in the coming months, both in the winter and summer markets,” says St-Pierre. “Although lower interest rates have not been the main driver of activity in these markets, they have boosted buying power for consumers. Demand remains strong, fuelled by those who long for nature and outdoor amenities. We anticipate a continued increase in inventory in 2026, offering buyers more choice, but strong demand in highly-sought-after areas could still support price increases.”
According to Royal LePage, the median price of a single-family detached home near the province’s major ski regions will continue to rise, increasing 3.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
REGIONAL SUMMARIES
Mont-Tremblant (Mont-Tremblant, Mont-Blanc, La Conception)
During the first nine months of the year, the median price of a single-family detached home in the Mont-Tremblant area decreased 8.5% compared to the same period in 2024, to reach $523,400. At the same time, the median price of a condominium increased 14.2% to $462,500 during the same period. For those looking to purchase a house or condominium slopeside or at mountain base, prices typically start at $500,000 and $250,000, respectively. For a condominium directly on the slopes, the entry price is around $600,000. Total sales in the region increased 27.5% year over year.
“Lower interest rates have clearly boosted demand in the Mont-Tremblant market. Although mortgages have become more affordable, the median price of single-family homes has adjusted downward this year, due to increased inventory. This represents an attractive opportunity for buyers looking to settle in the area, especially since we anticipate future price appreciation,” explains Jan-Otto Bauer, real estate broker, Royal LePage Humania Mont-Tremblant.
Bauer adds: “We have seen a significant increase in inquiries from domestic buyers for recreational properties. The ‘Buy Canadian’ movement seems to be encouraging more clients to consider Mont-Tremblant as a holiday destination or investment opportunity, which is helping to stabilize the market and boost the local economy.” Regarding rentals, Mr. Bauer explains: “The purchase of a second home in Mont-Tremblant is often motivated by the desire to make the investment profitable through short-term rentals or rentals of 31 days or more. However, it is crucial to note that Mont-Tremblant has very strict zoning regulations for short-term rentals in order to protect the resort’s hotels and the peace and quiet of the neighbourhood.”
Royal LePage forecasts that the median price of a single-family detached home in the region will rise 5.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
Mont Saint-Sauveur (Saint-Sauveur, Morin-Heights, Piedmont)
During the first nine months of the year, the median price of a single-family detached home in the Mont Saint-Sauveur area increased 5.7% compared to the same period in 2024, to reach $650,000. At the same time, the median price of a condominium increased 3.7% to $435,000 during the same period. For those looking to purchase a house or condominium slopeside or at mountain base, prices typically start at $450,000 and $250,000, respectively. Total sales in the region increased 13.7% year over year.
“The undeniable appeal of the region, with its wealth of activities, services and natural spaces, combined with a varied property inventory, continues to support the market. Lower interest rates have helped maintain a sustained level of activity, offering buyers better conditions for finding their property and negotiating a price,” said Éric Léger, residential and commercial real estate broker, Royal LePage Humania E.L. “The local market is doing very well, partly because the idea of buying outside Quebec is not a priority for our buyers.”
Léger adds: “Rental regulations have become much stricter, making buyers less confident about the possibility of short-term rentals. However, this has not had a significant impact on our market, which is predominantly skewed towards owner-occupiers.”
Royal LePage forecasts that the median price of a single-family detached home in the region will remain stable, increasing a modest 2.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
Val Saint-Côme and Mont Garceau (Saint-Côme, Saint-Donat)
During the first nine months of the year, the median price of a single-family detached home in the Val Saint-Côme and Mont Garceau area increased 6.9% compared to the same period in 2024, to reach $516,000, and sales increased 27.5%. For those looking to purchase a house or condominium slopeside or at mountain base, prices typically start at $450,000 and $375,000, respectively.
“The recreational winter markets in Lanaudière remained relatively stable through 2025,” said Éric Fugère, residential real estate broker, Royal LePage Habitations. “Although mortgage conditions have improved, they have not created a substantial shift in real estate demand. Buyers have become more demanding and consistent in their decisions. Demand is driven by the region’s numerous outdoor activities, including ATVing, snowmobiling, hiking and water sports. However, we have seen a slight decline in buyer demand and difficulties for sellers, due to climate factors and the threat of mining near lakes. Cities have also severely restricted short-term rentals, which has had a significant impact.”
He adds that inventory is lower and the average number of days on the market has increased slightly over the last year.
Royal LePage forecasts that the median price of a single-family detached home in the Val-St-Côme and Mont Garceau markets will remain stable, increasing a modest 2.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
Bromont, Mont Sutton (Sutton, Brome and Lac Brome) and Mont Orford (Orford and Magog)
In the Eastern Townships, winter recreational markets recorded varied trends. In Bromont, the median price of a single-family detached home decreased 2.0% year over year to $700,000, while the median price of a condominium increased 17.0% to $555,000. In Mont Sutton, the median price of a single-family detached home rose sharply by 23.6% to $710,000. Finally, in Mont Orford, the median price of a single-family detached home rose 6.5% to $575,000, and that of a condominium rose 2.7% to $348,700. Total sales increased 33.7% in Bromont, 3.3% in Mont Sutton, and 25.9% in Mont Orford.
For those looking to purchase a house slopeside or at mountain base, prices typically start at $1,200,000 in Bromont, $900,000 in Mont Sutton, and $850,000 in Mont Orford. A condominium within the ski resort itself typically starts at around $600,000 in Bromont and $450,000 in Mont Sutton. In Mont Orford, the entry price of a condominium is about $300,000, although these units are not always located directly within the ski resort.
“The appeal of nature, mountains and sports facilities, coupled with the proximity to Montreal and our lakes, remains a key driver of demand in the Eastern Townships,” said Véronique Boucher, residential real estate broker, Royal LePage Au Sommet. “The perception of a continuing downward trend in interest rates has also contributed to buyers feeling more confident about committing to the purchase of a second home. We are seeing that the ‘Buy Canadian’ movement has prompted some to invest locally, close to our regions’ attractions, rather than abroad. Some Canadian homeowners have even chosen to sell their properties in the United States to reinvest here.”
Regarding rentals, Boucher explains: “Short-term rentals have become more complex. Although there is strong interest in suitable properties, supply remains limited in our regions. The impact of the legislation has been moderate, as buyers have quickly adapted to these new realities.”
Royal LePage forecasts that the median price of a single-family detached home in the Bromont, Mont Sutton and Mont Orford markets will remain stable, increasing a modest 2.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
Mont Sainte-Anne (Beaupré, Sainte-Anne-de-Beaupré, Saint-Ferréol-les-Neiges, Saint-Joachim)
During the first nine months of the year, the median price of a single-family detached home in the Mont Sainte-Anne area rose 12.3% compared to the same period in 2024, to reach $370,700. At the same time, the median price of a condominium increased 10.0% to $242,000 during the same period. For those looking to purchase a house or condominium slopeside or at mountain base, prices typically start at $400,000 and $130,000, respectively. Total sales in the region decreased 12.1% year over year.
“Demand for recreational properties in Mont Sainte-Anne comes mainly from Montreal and Trois-Rivières. Since these are mostly second homes, the impact of lower interest rates on demand has not been as pronounced as in other markets,” said Michèle Fournier, chartered real estate broker and vice president, Royal LePage Inter-Québec.
“However, more and more condominium associations are limiting short-term rentals in Mont Sainte-Anne. Some prohibit stays of less than 30 days or restrict access to common facilities for tenants in order to preserve the quality of life of owner-occupiers. These restrictions are contributing to a decrease in the supply of Airbnb-type properties in the region, which can have a significant impact on sales and prices, and partly explains the drop in sales in this segment of the market.” Fournier adds that “the average number of days on market has increased significantly.”
Royal LePage forecasts that the median price of a single-family detached home in the region will decrease 3.0% over the next 12 months, due to an anticipated reduction in demand and competition given the restrictions on short-term rentals.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
Stoneham/Lac-Beauport (Stoneham-et-Tewkesbury, Lac Delage, St-Gabriel-de-Valcartier, Lac-Beauport)
During the first nine months of the year, the median price of a single-family detached home in the Stoneham/Lac-Beauport area increased 8.1% compared to the same period in 2024, to reach $600,000, and sales increased 6.3%. For those looking to purchase a house or condominium slopeside or at mountain base, prices typically start at $850,000 and $225,000, respectively.
“The Stoneham/Lac-Beauport ski region mainly attracts buyers from Drummondville and Victoriaville. The majority of sales are cash purchases, which means that lower interest rates have had less of a direct impact on demand, but provincial demand remains strong,” said Michèle Fournier, chartered real estate broker and vice president, Royal LePage Inter-Québec. “The purchase of a property is often supported by the desire to rent it out to reduce costs, even for cash purchases. It is important to note that some areas are prohibited from short-term rentals, while others are highly sought after for this opportunity.” Fournier adds: “With a relatively stable inventory of properties for sale, the region has seen a significant increase in the price of single-family homes this year. In addition, the region is welcoming more and more professionals looking to settle here permanently, which is contributing to strong real estate demand. The average number of days on market has decreased slightly, reflecting this tight competition.”
Royal LePage forecasts that the median price of a single-family detached home in the region will increase 10.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
Massif de Charlevoix (Charlevoix West) (Baie-Saint-Paul, Les Éboulements, Isle-aux-Coudres, Petite-Rivière-Saint-François, Saint-Hilarion, Saint-Urbain)
During the first nine months of the year, the median price of a single-family detached home in the Massif de Charlevoix area increased 6.1% compared to the same period in 2024, to reach $347,500, and sales increased 11.8%. For those looking to purchase a house slopeside or at mountain base, prices typically start at $475,000.
“Massif de Charlevoix is particularly attractive to buyers from Quebec City, who can ski there for the day or opt for short-term tourist rentals,” said Mathieu Harvey, residential real estate broker, Royal LePage Blanc & Noir. “It’s a region known for its skiing infrastructure, far from the hustle and bustle of the city. Lower interest rates have enabled qualified clients to purchase a second home or settle there permanently, including retirees from urban centres.”
Harvey adds: “The ‘Buy Canadian’ movement has also contributed to the strong performance of tourist rentals in the region, as many people prefer to spend their holidays in Canada this year.”
Royal LePage forecasts that the median price of a single-family detached home in the region will remain stable, increasing a modest 2.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
Mont Grand Fonds (Charlevoix East) (La Malbaie, Clermont, Saint-Siméon, Saint-Aimé-des-Lacs, Notre-Dame-des-Monts, Sainte-Irénée, Baie Sainte-Catherine)
During the first nine months of the year, the median price of a single-family detached home in Charlevoix’s Mont Grand Fonds area increased significantly by 14.0% compared to the same period in 2024, to reach $285,000, and sales increased 3.1%. For those looking to purchase a house slopeside or at mountain base, prices typically start at $325,000.
“Mont Grand Fonds, located just 15 minutes from La Malbaie, is particularly popular with young families thanks to its diverse offerings and easy access to amenities,” said Mathieu Harvey, residential real estate broker, Royal LePage Blanc & Noir. “The region is known for its skiing and winter sports infrastructure, including 140 kilometres of cross-country ski trails and 41 kilometres of snowshoe trails, as well as its impressive natural snow cover. Tourist rental cottages are very popular here, especially since there are no caps in the region for this type of property.”
Harvey adds: “We are seeing the price gap between Charlevoix East and Charlevoix West narrowing. La Malbaie recently revised its municipal assessments upwards by approximately 30%, reflecting the impressive appreciation of property values in the region. This trend is also being recorded in neighbouring municipalities.”
Royal LePage forecasts that the median price of a single-family detached home in the region will remain stable, increasing a modest 2.0% over the next 12 months.
Table – Royal LePage 2025 Winter Recreational Property Report (Province of Quebec): rlp.ca/table-2025-winter-recreational-report-QC
About the Royal LePage Winter Recreational Properties Report
The Royal LePage 2025 Winter Recreational Property Report compiles outlooks, data and forecasts from 10 popular ski regions in Quebec. Median price and sales data were compiled through Centris and analyzed by Royal LePage for the period from January 1 to September 30 in 2025 and for the same period in 2024. Data availability is based on a transactional threshold and on available regional data using the standard housing types examined in the report. Price data for 2024 may vary from the Royal LePage 2024 Winter Recreational Property Report due to updated transaction data from local real estate boards.
About Royal LePage
Serving Canadians since 1913, Royal LePage is the country’s leading provider of services to real estate brokerages, with a network of approximately 20,000 real estate professionals in over 670 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage® Shelter Foundation™, which has been dedicated to supporting women’s shelters and domestic violence prevention programs for more than 25 years. Royal LePage is a Bridgemarq Real Estate Services® company, a TSX-listed corporation trading under the symbol TSX:BRE. For more information, please visit www.royallepage.ca.
Royal LePage® is a registered trademark of Royal Bank of Canada and is used under licence by Bridgemarq Real Estate Services®.
For further information, please contact:
Charmaine de Silva
Burson on behalf of Royal LePage
charmaine.desilva@hillandknowlton.com
(604) 360-2328
[1] The Royal LePage 2025 Winter Recreational Property Report compiles outlooks, data and forecasts from 10 popular ski regions in Quebec. Median price and sales data were compiled through Centris and analyzed by Royal LePage for the period from January 1 to September 30 in 2025 and for the same period in 2024. Data availability is based on a transactional threshold and on available regional data using the standard housing types examined in the report. Price data for 2024 may vary from the Royal LePage 2024 Winter Recreational Property Report due to updated transaction data from local real estate boards.
[2] Leading indicator of international arrivals to Canada, October 2025, Statistics Canada, November 12, 2025
[3] Political tensions prompt U.S. property sell-off by Canadians; many plan to reinvest in domestic real estate, August 27, 2025
