Median home price: ~$330,000 | Eastern Townships hub, Université de Sherbrooke & Bishop's University
Sherbrooke is the largest city in the Eastern Townships (Estrie) and one of Quebec's most livable mid-sized cities. With a median home price near $330,000 as of early 2026, it offers genuine affordability compared to Montreal or Laval — while still delivering a full urban amenity set including two universities, a regional hospital (CHUS), a thriving arts scene, and four-season outdoor recreation.
The city sits at the confluence of the Saint-François and Magog rivers, giving it an attractive natural backdrop. Numerous parks, cycling paths, and ski hills within 30–45 minutes make it a quality-of-life destination for remote workers and young families leaving Montreal for more space.
Université de Sherbrooke (francophone, ~30,000 students) and Bishop's University in nearby Lennoxville (anglophone, ~3,500 students) give Sherbrooke a permanent student population that drives rental demand and keeps the economy diversified. Areas near the U de S campus — notably the Fleurimont and Mont-Bellevue boroughs — see strong rental market activity and attract investors looking for multi-unit properties.
Fleurimont: Northeast, near the hospital complex and U de S medical faculty. Family-oriented, newer subdivisions. Single-family homes $310,000–$480,000.
Mont-Bellevue: Central, close to the main U de S campus. Popular with academics and students. Plexes and older single-family homes $280,000–$450,000.
Rock Forest–Saint-Élie–Deauville: Suburban southwest. More affordable, newer builds. $290,000–$430,000 for detached homes.
Lennoxville: Anglophone village home to Bishop's University. Charming heritage homes; $350,000–$600,000 for well-preserved properties.
Sherbrooke applies standard provincial droits de mutation with no additional municipal surtax. At ~$330,000, the tax is modest but still a real closing cost. Calculate yours below.
Beyond education and healthcare, Sherbrooke has a manufacturing base (textiles, metal fabrication, plastics), a growing tech sector anchored by university spin-offs, and a strong public-sector presence. The CHUS (Centre hospitalier universitaire de Sherbrooke) is one of the largest employers in the region, providing stable healthcare employment.
The Eastern Townships are famous for ski hills (Mont-Orford, Owl's Head, Sutton), wine routes, apple orchards, and summer lake culture. Lac Memphrémagog, a stunning 50-km lake straddling the Quebec–Vermont border, is about 30 minutes from downtown Sherbrooke. This lifestyle appeal has driven significant in-migration from Montreal over the past five years.
At ~$330,000, a 10% down payment is $33,000. Use KOHO with code 45ET55JSYA to earn interest on your savings while you prepare to buy.
Get KOHO with code 45ET55JSYA →Last updated March 2026. Informational purposes only. Consult a Quebec notary or mortgage professional.