Quebec real estate market overview: November 2025
22 Nov 2025
In November 2025, the Quebec real estate market is experiencing intense activity. Sales have literally taken off: a 47% increase in Montreal and a 46% increase in Quebec City compared to November 2024. For the first 10-11 months of the year, a 12% increase in the number of transactions is observed across the province. Since the Bank of Canada has repeatedly cut its interest rates, a large number of buyers have returned to the market. Residential transactions are projected to exceed 100,000 in 2025, a level not seen since the years preceding the pandemic.
Prices are rising rapidly and significantly. Currently, the average price of a single-family home in Quebec is $493,000, representing a 10% increase over the last year. In Montreal, the median cost is approximately $616,000, while in Quebec City, it stands at $444,000 (an increase of over 18% in just one year in that city). Multi-unit dwellings are experiencing a faster increase (+12%), while condos are showing a slightly slower rise (+5%). Even at the regional level, the increase is notable: Saguenay +19%, Sherbrooke +12%, Trois-Rivières +13%. In short, double-digit price increases are practically universal.
Despite the increase in the number of homeowners choosing to sell this year, the volume of properties available on the market remains very low. As a result, homes are selling in less than 30 days in the city, and competitive bidding is common. Buyers are scrambling to find the few bargains, which is driving prices up even further.
Regarding the regions, a similar pattern can be observed, but with variations. Major cities such as Montreal, Quebec City and Gatineau are attracting considerable interest from buyers; however, smaller towns and recreational areas (Laurentians, Eastern Townships, Charlevoix) are also experiencing rapid growth, particularly since the continued popularity of teleworking.
Simply put, 2025 is an ideal year for selling (houses sell quickly and at good prices), but buying is more complicated and expensive. According to experts, prices are expected to continue rising in 2026, although possibly at a slightly slower pace. If you're considering buying, now is still a good time before mortgage interest rates rise or competition intensifies further.
