Quebec City Real Estate Market: Sales Plateau in November Amid a Property Shortage

• In November 2025, 875 residential transactions were completed in the Quebec City area, a drop of 4 per cent compared to November 2024. It is important to note, however, that last November had been exceptionally active. In fact, actual market performance has been remarkable, as November 2025 ranks as the fourth-best November in 25 years.
• Plexes were the only category to grow, continuing their upward trend with a 19 per cent increase. The 92 recorded sales represent the second-best performance for this month in 25 years. In contrast, single-family home sales fell by 3 per cent, while condominium sales dropped by 13 per cent.
• By geographic sector, 554 sales were completed in the Agglomeration of Quebec City, a decline of 6 per cent. The same trend was observed on the South Shore with 200 transactions, a 10 per cent decrease. Only the Northern Periphery defied this trend, posting a spectacular 27 per cent increase.
• Active listings continued to dwindle, intensifying the scarcity of properties. Only 1,040 single-family homes were available (-24 per cent), 490 condominiums (-14 per cent) and 227 plexes (-13 per cent). After 22 consecutive months of decline, inventory is currently at only about one third of its ten-year average.
• Market conditions remain extremely favourable to sellers, which is reflected in rising prices and rapid sales.
• Properties sold in record time. On average, it took 27 days to sell a plex (-16), 26 days for a single-family home (-14) and 24 days for a condominium (-32).
• For the third consecutive month, the median price of plexes jumped by more than 20 per cent, reaching +23 per cent in November ($552,000). Condominiums followed with +16 per cent ($320,000), while single-family homes rose by 13 per cent ($453,500).
  

QUEBEC CITY, Dec. 04, 2025 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of November 2025. The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.

Residential sales in the Quebec City CMA totalled 875 transactions in November, down 4 per cent compared to the same period in 2024.

Despite the slowdown observed in November, the Quebec City area remains one of the most dynamic markets in the province. “With a 6 per cent increase in residential sales between January and November, 2025 is shaping up to be the second-best year in the past 25 years. At the same time, the historically low supply is striking. These conditions reflect a year marked by an extremely competitive market,” notes Charles Brant, QPAREB Market Analysis Director.

“Despite rising prices and the scarcity of properties, the Quebec City area retains a key advantage: after-tax family incomes are among the highest in the province. Mortgage payments account for 25 per cent of household budgets, which is well below the provincial average, as shown in our recent study on affordability. For that reason, buyers remain very active in the market,” explains Hélène Bégin, QPAREB Senior Economist.

Additional information:

Detailed and Cumulative Monthly Statistics for the Province and Regions

If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please write to us.

About the Quebec Professional Association of Real Estate Brokers

The Quebec Professional Association of Real Estate Brokers (QPAREB) is a non-profit association that brings together more than 15,000 real estate brokers and agencies. It is responsible for promoting and defending their interests while taking into account the issues facing the profession and the various professional and regional realities of its members. The QPAREB is also a major player in many real estate dossiers, including the implementation of measures that promote homeownership. The Association reports on Quebec’s residential real estate market statistics, provides training, tools and services relating to real estate, and facilitates the collection, dissemination and exchange of information. The QPAREB has its head office in Quebec City, administrative offices in Montreal and regional office in Saguenay. It has two subsidiaries: Société Centris inc. and the Collège de l’immobilier du Québec. Follow its activities at qpareb.ca or via its social media pages: Facebook, LinkedIn and Instagram.

For more information:

Ariane Boulé
Morin Relations Publiques
media@qpareb.ca

Image bank (credit QPAREB) available free of charge.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/695a5970-9639-4531-b5b3-a476a57c17d0

Quebec City Real Estate Market

Residential Sales – November 2025

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