Updated: April 2025  |  bremo.io financial guides

Quebec City Housing Market 2025: Prices, Trends, and What to Expect

Quebec City's housing market has demonstrated remarkable resilience and steady growth over the past decade. Unlike Toronto and Vancouver, which have experienced boom-bust volatility, Quebec City has followed a more measured appreciation path driven by fundamentals: population growth, limited supply, and a stable economic base anchored by the provincial government and diversified industries.

2025 Market Conditions

The Quebec City market in 2025 is characterized by:

• Persistent low inventory across most property types
• Multiple offer situations on well-priced properties, particularly under $400,000
• Strong demand from first-time buyers, immigrants, and interprovincial movers
• Moderate price appreciation of 4–7% annually in recent years
• Higher interest rates having tempered — but not reversed — price growth

Median Prices by Property Type

• Single-family detached: $400,000–$520,000
• Condominiums: $270,000–$380,000
• Plexes (income properties): $430,000–$650,000
• New construction: $420,000–$600,000 depending on location and specifications

Price Performance by Neighbourhood

Strongest Appreciation

Limoilou, Vieux-Limoilou, and Saint-Roch have seen particularly strong appreciation as gentrification continues. Properties near Vieux-Québec and Montcalm maintain premium valuations. Sainte-Foy continues appreciating driven by Laval University-adjacent demand.

Best Value

Charlesbourg, Beauport, and Les Rivières borough offer the best price-per-square-foot for detached homes. Lévis across the river consistently offers 10–15% lower prices than equivalent Quebec City locations.

Supply Dynamics

New construction in Quebec City has been insufficient to meet demand. Heritage protection rules in central boroughs limit densification. The provincial government has taken steps to accelerate approvals, but supply constraints are expected to persist through at least 2026.

Impact of Interest Rates on Quebec City

The Bank of Canada rate hiking cycle in 2022–2024 moderated Quebec City price growth. However, the impact was cushioned compared to other markets because: prices were already more affordable, local incomes are stable (large public sector), and demand fundamentals (population growth, low supply) remained strong.

As rates moderately decline in 2025, demand is expected to firm as more buyers who were sidelined return to the market.

Welcome Tax Considerations for 2025 Buyers

Quebec calculates droits de mutation (welcome tax) on a sliding scale: 0.5% on the first $52,800 of the purchase price, 1% from $52,800 to $264,000, and 1.5% on any amount above $264,000. Quebec City has no additional municipal surtax — unlike Montreal which adds a 3% tier above $500,000.

Seller's Market Strategy

Buyers in Quebec City's competitive market should: get pre-approved before viewing properties, be prepared to act quickly (24–48 hours), consider limited conditions (or short conditional periods), work with an experienced local OACIQ-certified broker who knows the micro-market, and have their home inspector on call for same-day availability.