Quebec City Real Estate Market Sees Inventory Rise, But Supply Shortages Persist
Event summary
- April 2026 saw 1,006 residential transactions in Quebec City CMA, a 7% YoY decline but still above 10-year average.
- Listings surged 21% YoY to 2,204 properties, ending 25 months of declines, with condos up 27%, single-family homes up 20%, and plexes up 14%.
- Sales dropped across all property types: -8% for single-family homes, -6% for condos, and -8% for plexes.
- Active listings remained 58% below the 10-year average, maintaining seller-favorable market conditions.
The big picture
The Quebec City real estate market is experiencing a paradoxical mix of rising inventory and persistent shortages, reflecting broader economic uncertainties. While the 21% YoY increase in listings marks a potential shift after years of declines, the market remains tightly balanced in favor of sellers. This dynamic underscores the ongoing tension between pent-up demand and limited supply, compounded by economic headwinds that are prompting buyers to exercise caution.
What we're watching
- Economic Uncertainty
- How persistent inflation concerns and geopolitical tensions will continue to impact buyer confidence and market activity.
- Supply Dynamics
- Whether the recent inventory increase can sustainably address the long-standing supply shortage in Quebec City.
- Price Pressures
- The pace at which upward pressure on prices may ease as market conditions shift, albeit remaining favorable for sellers.