Mid-Year-2026 Update: Québec Residential Real Estate Market Continues To Rebalance
MID - YEAR - 2026 UPDATE:
QUÉBEC RESIDENTIAL REAL ESTATE MARKET CONTINUES TO REBALANCE
Source: This summary is based on the Immobilier en mouvement podcast and the 2026 Mid-Year Review of Québec's Residential Real Estate Market, presented by the Quebec Professional Association of Real Estate Brokers (APCIQ) by Charles Brant, Director of Market Analysis, and Hélène Bégin, Economist.
Québec's residential real estate market continues to transition toward a more balanced environment after several years of exceptionally strong activity. According to the APCIQ's mid-year review, sales have moderated but remain above historical averages, while the number of properties available for sale continues to increase.
KEY MARKET TRENDS
Residential sales declined by 5% in the second quarter compared to the same period in 2025.
Active listings increased by 14%, providing buyers with more choice.
Home prices continue to rise, but at a more moderate pace.
Multiple-offer situations have declined, reflecting a gradual return to a more balanced market.
WHAT DOES THIS MEAN FOR BUYERS ?
The increase in available inventory gives buyers more options, more time to compare properties, and, in many markets, stronger negotiating power. However, sellers still maintain an advantage in several regions, particularly in the single-family home segment where inventory remains limited.
REGIONAL HIGHLIGHTS
Market conditions continue to vary across Québec.
Montréal is experiencing fewer sales and higher inventory, especially in the condominium market.
Québec City remains highly competitive despite signs of gradual moderation.
Several regional markets, including Sainte-Adèle and Sainte-Agathe-des-Monts, continue to post strong activity and significant price growth in the single-family home segment.
WHY IS THE MARKET SLOWING DOWN?
Several factors are contributing to the market's moderation:
Housing affordability remains a challenge.
Many homeowners are renewing mortgages at higher interest rates.
Economic uncertainty continues to affect buyer confidence.
Employment growth has softened.
Population growth has slowed due to more restrictive immigration policies.
OUTLOOK FOR THE SECOND HALF OF 2026
The APCIQ expects the market to continue its soft landing.
Residential sales are projected to decline by approximately 6% compared to 2025, while avoiding any significant price correction. Single-family home prices are expected to increase by approximately 5%, while condominium prices are forecast to rise by approximately 2%. Overall, the market is expected to continue rebalancing gradually rather than experience a sharp downturn.
BOTTOM LINE
Québec's residential real estate market remains fundamentally healthy. Buyers are benefiting from increased inventory and improved negotiating conditions, while sellers continue to see steady demand, particularly for well-priced properties in desirable locations. The market is becoming more balanced, creating opportunities for both buyers and sellers to make informed real estate decisions.
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