Quebec City is Canada's oldest city and one of its most charming real estate markets. With strong government employment, excellent schools, affordable prices, and an unmatched historic ambiance, Quebec City offers exceptional value for buyers in 2025.
Quebec City (Ville de Québec) is the provincial capital of Quebec and home to the National Assembly. The city benefits from a stable government-driven economy — thousands of provincial government employees provide consistent homebuying demand that insulates the market from economic volatility. The city's UNESCO World Heritage historic district (Old Quebec) and the iconic Château Frontenac make it a major international tourist destination. 2025 prices:
Quebec City's city-wide average is approximately $355,000 across all property types — making it one of Canada's most affordable major cities for homebuyers. This is roughly one-third of Toronto's average and one-quarter of Vancouver's, offering extraordinary value for buyers willing to embrace Quebec's francophone culture and winter climate. Quebec City's appreciation has been steady at 4–7% annually in recent years, suggesting it remains undervalued relative to Canadian peers.
Quebec City's unique market includes a significant plex (multi-unit) segment and a well-established heritage property market in the Old City. The city's low vacancy rate (often under 2%) supports strong rental demand and investor returns. Remote workers from across Canada are increasingly discovering Quebec City's combination of affordability, culture, and high quality of life.
No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Quebec LTT (taxe de bienvenue):
No first-time buyer rebate available in Quebec.
Total LTT Owing:
On a $355,000 Quebec City property, the taxe de bienvenue is approximately $4,275. While there's no first-time buyer rebate, Quebec City's low property prices mean the LTT burden is still modest in absolute terms — one of the benefits of Canada's most affordable major city market.
Dominates Quebec City's mortgage market through its caisse populaire network. French-first service, competitive rates, and deep community roots throughout the Quebec City region.
Montreal-headquartered but major Quebec City presence. Excellent for government workers and Université Laval-affiliated buyers.
Active in Quebec City with bilingual services. Good for anglophone buyers and buyers relocating from other provinces.
Competitive rates and multiple Quebec City branches. Good for first-time buyers at Quebec City's accessible price points.
Leading non-bank lender available through Quebec City mortgage brokers. Very competitive on insured mortgages common at Quebec City's price range.
Local mortgage brokers with expertise in plex financing, multi-unit income properties, and francophone real estate documentation.
Quebec City's exceptional affordability means your homeownership goal is closer than anywhere else in Canada. A $17,750 minimum down payment on a $355K home is achievable with KOHO's high-interest savings. Zero fees, competitive interest, and automated savings tools make it even easier.
Open a KOHO Account — Use Code BREMO2026