After several years of limited inventory and strong competition, Quebec’s housing market is gradually finding a new rhythm. This summer, more properties came onto the market, homes took a little longer to sell, and buyers gave themselves time to compare their options. The market is now moving beyond stabilization and into a period of adjustment.

According to the latest results of the Royal LePage® House Price Survey and Market Forecast Quebec’s housing market ended the third quarter of 2026 with a widespread slowdown in activity, while the supply of properties for sale continued to rise in most regions. Although aggregate prices continue to increase year over year in most major economic centres, quarter-over-quarter results reveal a slowdown in several regions. This trend is characterized by a sustained rise in inventory, particularly on the South Shore and North Shore of Montreal, and by a readjustment in the condominium segment, signalling a gradual transition towards a more buyer-friendly market.

“The third quarter of 2026 marks the transition from a gradual stabilization to a genuine readjustment of the property market in Quebec,” said Dominic St-Pierre, senior vice president of business development, Royal LePage. “Although prices are generally still rising on a year-over-year basis, the increase in supply is giving buyers a level of bargaining power they haven’t experienced for several years.”

The aggregate price1 of a home in the province of Quebec increased 2.3% in the third quarter of 2026 to reach $470,900, compared to the same period last year. On a quarterly basis, however, the aggregate price in the province fell 2.8%. Broken out by housing type, the median price of a single-family detached home in Quebec increased 2.6% year over year to $506,100, while the median price of a condominium rose 0.8% to $403,100 during the same period.

“This market shift is forcing sellers to reassess their expectations. During the third quarter, we observed an increase in days on market, a marked increase in new listings and a rise in the number of transactions closing following price reductions. Buyers are now more selective; they are taking the time to compare properties and are steering clear of those priced above market value. Setting the right price from the onset is now essential,” added St-Pierre.

Nationally, the aggregate price of a home decreased 0.8% year over year in the third quarter of 2026, settling at $810,000. In the country’s major markets, the aggregate price in the greater regions of Toronto and Vancouver recorded declines of 3.7% and 4.0% respectively, and continued to decline on a quarter-over-quarter basis.

Fall activity expected to pick up slightly, with prices holding steady through year end

For the fall season, Royal LePage expects the market to be slightly busier than the summer, but activity will remain moderate. Prices are set to stabilize overall by the end of the year, with very modest increases, although slight downward corrections are anticipated in the short term for the condominium segment, particularly in Montreal.

“Several external factors call for prudence. The election of the Parti Québécois marks the start of a period of political transition, compounded by the possibility of a rise in the Bank of Canada’s key interest rate and uncertainty surrounding U.S. tariffs. Some buyers may therefore wait to see the new government’s initial policies before committing. Although we expect a slight uptick in activity this fall compared to the summer, prices are likely to end the year just above their 2025 levels,” noted St-Pierre. 

Third quarter highlights:

  • In the third quarter of 2026, the aggregate price of a home in Greater Montreal rose 2.9% year over year to reach $653,700.
  • For the second consecutive quarter, the aggregate price in the city of Quebec fell on a quarter-over-quarter basis (-1.4%), while maintaining a modest gain over the same period last year.
  • Gatineau is gradually shifting towards a buyer’s market; the region recorded a 5.4% decline in the aggregate price quarter over quarter, and a 1.3% dip year over year.
  • Sherbrooke stands out as one of the strongest markets amongst the province of Quebec’s major regions; the aggregate home price there rose 6.2% year over year to reach $418,000, and by 1.1% over the second quarter.
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1Royal LePage’s aggregate prices are calculated using a weighted average of the median values of all housing types collected. Provincial prices have been updated to include all regions within the province and therefore may vary from previous reports. Data is provided by RPS Real Property Solutions and includes both resale and new build.