Quebec Real Estate Market: Sellers Are Adjusting Their Prices - October 2026

October 2026

The Quebec real estate market is becoming less competitive for sellers as more properties come onto the market and sales slow down. Buyers have more options, and sellers are increasingly adjusting their asking prices to attract interest.

KEY FINDINGS

Price reductions are becoming more common. Between January and September 2026, approximately 46,900 properties had price adjustments, resulting in 67,500 downward price adjustments—nearly twice the number of properties affected in 2021.

• Sellers are reacting sooner. The first price adjustment now occurs after an average of 57 days on the market, compared with approximately two months between 2023 and 2025.

• Market conditions vary by region. In areas where properties sell quickly and inventory is low, price reductions tend to be smaller. Where there is more competition and properties take longer to sell, reductions tend to be larger.

• The right asking price matters from the beginning. Properties priced appropriately are generally more likely to attract buyers quickly. If interest remains limited after the first few weeks, sellers may need to reconsider their price.

WHAT DOES THIS MEAN FOR BUYERS AND SELLERS?

For sellers: Pricing a property realistically from the outset is increasingly important. Overpricing can mean more time on the market and a greater need for price reductions later.

For buyers: More properties on the market mean more choices and potentially greater room for negotiation. However, conditions vary by region and property type.

WHAT ABOUT THE LAURENTIANS AND MONTREAL?

According to the report, between January and August 2026:

• Laurentians: Single-family homes had an average price adjustment of 3.8%, with approximately four months of inventory. Condominiums had an average adjustment of 2.8%, with 4.2 months of inventory.

• Montreal: Single-family homes had an average price adjustment of 3.8%, with 4.1 months of inventory. Condominiums had an average adjustment of 3.1%, with 6.4 months of inventory.

These figures indicate different levels of competition across property types and regions. More months of inventory generally mean buyers have more choice and the market is less tight.

THE BOTTOM LINE

The Quebec real estate market is moving toward a more balanced environment, although conditions differ from one region to another. Sellers who understand their local market and set a competitive asking price from the beginning are better positioned to attract buyers and achieve a timely sale.

THINKING OF SELLING? START WITH THE RIGHT STRATEGY

Before putting your property on the market, take the time to understand your local competition, recent comparable sales, and current buyer demand.

My advice: Don't wait for the market to tell you your price is too high. Start with a clear, data-driven pricing strategy from day one. The right price. The right strategy. A more confident sale.

Source: Quebec Professional Association of Real Estate Brokers (QPAREB), based on Centris data, October 2026.

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