Quebec City CMA in September 2026
Quebec City is still the one major Quebec market where activity is well above normal, though it is slowing. The CMA recorded 776 sales in September 2026, down 5% on the year but 23% above the 10-year average, after a 6% gain in August. Sales volume reached $396.5 million, up 2%.
Supply is growing much faster than demand. Active listings rose 35% to 2,530 and new listings 21% to 1,403, both far outpacing the 5% drop in sales — yet QPAREB notes the supply of properties for sale remains about half its historical average. Prices are still rising: the single-family median reached $475,000, up 5% on the year.
The rotation toward condominiums stalled. Condo sales fell 13% and plex sales 8% while single-family sales were essentially flat (−1%). Condo medians still rose 6% to $335,000, and plex medians jumped 13% to $593,000. Condo active listings are up 54%, the fastest-growing inventory in the market.
Median Prices — September 2026
QPAREB (APCIQ) reports median sold price for the Quebec City CMA rather than an MLS® Home Price Index benchmark. The September 2026 statistics publish dollar medians for all three property types.
| Property Type | Median Price | YoY | Days on Market | DOM YoY |
|---|---|---|---|---|
| Single-Family | $475,000 | ▲ 5% | 32 days | +13 days |
| Condominium | $335,000 | ▲ 6% | 33 days | unchanged |
| Plex (multiplex) | $593,000 | ▲ 13% | 28 days | ▼ 2 days |
Source: QPAREB (APCIQ), Quebec City CMA, September 2026 Centris statistics. QPAREB does not publish an MLS® HPI benchmark price for Quebec City; the figures shown are median sold prices, the closest comparable measure available, and are sensitive to the mix of homes sold.
Supply and Demand Breakdown
The sector split reversed. The Northern Periphery rose 23% after falling 26% in August, while the South Shore — August’s strongest sector — fell 24%. The Agglomeration, the urban core, slipped 3%.
The three sectors sum exactly to the CMA total: 539 in the Agglomeration, 129 on the South Shore and 108 in the Northern Periphery make 776. Monthly sector swings are large because each sector is small.
What's Driving the Market
Tension easing, not ending: QPAREB titled its September release “Market Tension Continues to Ease” — a description that fits the numbers. Sales dipped 5% year over year but remain 23% above the 10-year average, meaning the pullback is a normalization rather than a downturn.
Inventory rebuilding, but still thin: Active listings rose 35% year over year, giving buyers more to choose from than in recent years. Even so, QPAREB notes supply remains about half the market’s historical average — Quebec City remains a market with comparatively little slack, which is why prices are still under upward pressure.
Condo and plex prices outpacing single-family: Condo prices rose 6% and plex prices 13% year over year, ahead of the 5% gain for single-family homes. Days on market held at 33 for condos (unchanged) and fell to 28 for plexes (from 30), while single-family homes took 32 days against 19 a year earlier — a sign buyers are competing hardest for higher-density and income-generating properties.
Uneven demand by sector: The Northern Periphery posted a 23% sales increase even as the CMA overall slowed, while the South Shore fell 24% and the Agglomeration 3% — a reminder that “Quebec City market” figures blend meaningfully different sub-markets.
Rents among Canada’s most affordable: Average asking rent for apartments and condos was $1,626/month in September 2026, per Rentals.ca — among the lowest of the large Canadian markets, a factor that continues to support in-migration from higher-cost provinces.
Key Terms
Quebec City Rents — September 2026
Quebec City remains one of Canada’s most affordable large rental markets. Average asking rent was $1,626/month in September 2026, according to Rentals.ca, which named Quebec City among the markets with the lowest rents in the country. That places Quebec City well below the national average asking rent, reinforcing the city’s reputation as a lower-cost alternative to Montreal, Toronto, and Vancouver for renters and investors alike.
Source: Rentals.ca October 2026 National Rent Report (September 2026 data), published October 7, 2026. View full Canadian rent report →