Quebec City CMA in August 2026
Quebec City is the one major Quebec market where sales are rising. The CMA recorded 677 sales in August 2026, up 6% on the year — a reversal from July, when sales were running 4% below 2025. Sales volume reached $331.3 million, up 8%.
Supply grew faster than demand, though. Active listings rose 27% to 2,162 and new listings 24% to 1,062, both outpacing the 6% gain in sales. That is what has started to show up in prices: the single-family median eased to $450,000, down 2% from a year earlier, having been up 1% the month before.
The rotation into condominiums is the clearest story in this market. Condo sales jumped 32% while single-family sales were essentially flat at +1% and plex sales fell 17%. Condominiums now sell in 35 days against 50 a year ago — fifteen days faster — and their median rose 8% to $345,000. Condo active listings are up 51%, and buyers are absorbing them anyway.
Median Prices — August 2026
QPAREB (APCIQ) reports median sold price for the Quebec City CMA rather than an MLS® Home Price Index benchmark. The August 2026 statistics publish dollar medians for all three property types, which the July press release had withheld — so this table no longer has to show percentages alone.
| Property Type | Median Price | YoY | Days on Market | DOM YoY |
|---|---|---|---|---|
| Single-Family | $450,000 | ▼ 2% | 28 days | +2 days |
| Condominium | $345,000 | ▲ 8% | 35 days | ▼ 15 days |
| Plex (multiplex) | $580,000 | ▲ 10% | 39 days | ▼ 5 days |
Source: QPAREB (APCIQ), Quebec City CMA, August 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 widened in August, and two of the three reversed direction. The Agglomeration — the urban core — rose 9% after falling 6% in July, and the South Shore extended its lead at +21%. The Northern Periphery went the other way, down 26% on the month after a 17% decline, and it is the only sector where sales volume fell.
The three sectors sum exactly to the CMA total: 442 in the Agglomeration, 166 on the South Shore and 69 in the Northern Periphery make 677. Growth in this market is concentrated in and around the city, not at its edges.
What's Driving the Market
Cooling from an unusually hot run: QPAREB (APCIQ) titled its July release "the market's exceptional performance softens" — a description that fits the numbers. Sales dipped 4% year-over-year but remain 19% above the 10-year average, meaning the underlying pullback is a normalization rather than a downturn.
Inventory rebuilding, but still thin: Active listings rose 24% year-over-year, giving buyers more to choose from than in recent years. Even so, QPAREB (APCIQ) notes listings sit at roughly half the market's typical 10-year July level — Quebec City remains a market with comparatively little slack.
Condo and plex demand outpacing single-family: Condo prices rose 5% and plex prices rose 22% year-over-year, both well ahead of the 1% gain for single-family homes. Faster price growth alongside shorter days on market in both segments (33 and 22 days respectively, each down from a year earlier) points to buyers — including investors — competing harder for higher-density and income-generating properties as detached-home prices level off.
Uneven demand by sector: The South Shore posted an 11% sales increase even as the CMA overall slowed, while the Agglomeration (down 6%) and especially the Northern Periphery (down 17%) saw sharper pullbacks — a reminder that "Quebec City market" figures blend meaningfully different sub-markets.
Rents among Canada's most affordable: Average asking rent across all property types was $1,518/month in July 2026, per Rentals.ca — placing Quebec City among the most affordable large rental markets in Canada, a factor that continues to support in-migration from higher-cost provinces.
Key Terms
Quebec City Rents — July 2026
Quebec City remains one of Canada's most affordable large rental markets. Average asking rent across all property types was $1,518/month in July 2026, according to Rentals.ca. 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 National Rent Report, July 2026 data (published August 6, 2026). View full Canadian rent report →