Quebec Residential Real Estate Market Holds Up Amid Economic Uncertainty

Strategic Insights -

The Quebec Professional Association of Real Estate Brokers (QPAREB) has reported an 11% increase in property sales in the second quarter of 2025, with 28,969 properties sold, marking a strong sales rebound. Despite economic volatility and a slow-down in neighboring provinces, Quebec's real estate market remains resilient, with sales in June 2.3% higher than in May, seasonally adjusted. While affordability remains a concern, Quebec's lower property prices and industrial profile make it less vulnerable to economic downturns.

Key Takeaways:

  • The Quebec residential real estate market saw an 11% increase in property sales in the second quarter of 2025, with 28,969 properties sold.
  • This sales increase is a strong rebound, surpassing the five-year second-quarter average.
  • Sales in June were 2.3% higher than in May, seasonally adjusted.
  • Despite economic uncertainty, Quebec's real estate market remains resilient, with no reflection of the economic downturn in the regions of Mauricie, Centre-du-Quebec, and Saguenay-Lac-Saint-Jean.
  • The supply of properties for sale is shrinking in the Drummondville, Trois-Rivieres, and Saguenay CMAs, with prices continuing to rise.
  • Quebec's industrial profile and lower property prices make it less vulnerable to economic downturns.

Statistics:

  • 28,969 properties sold in the second quarter of 2025 (11% increase over the same period last year)
  • 2.3% increase in sales in June compared to May (seasonally adjusted)
  • Resale market tends to hold up for a while before feeling the impact of economic downturns
  • Unemployment rates in Mauricie, Centre-du-Quebec, and Saguenay-Lac-Saint-Jean have risen more quickly than the provincial average since the spring
  • Supply of properties for sale is shrinking in the Drummondville, Trois-Rivieres, and Saguenay CMAs
  • Property prices continue to rise in these regions

Sources:

  • QPAREB: The Quebec Professional Association of Real Estate Brokers
  • Centris provincial database
  • Charles Brant, QPAREB Market Analysis Director
  • Helene Begin, QPAREB Senior Economist (Quebec economy and real estate market)