Quebec real estate market continues to grow steadily, as Toronto and Vancouver see declines
Posted July 15, 2025 1:19 pm.
Quebec’s real estate market continues to make gains and home prices are steadily increasing, even as major cities like Toronto and Vancouver seem to be on the decline.
This is according to Royal Lepage’s latest Home Price Update and Market Forecast.
It finds that in the second quarter of of the year, the median price of a property rose 5.4 per cent compared to the same time last year.
The price of a single-family detached home rose by 7 per cent year over year, while condos are up 3.6 per cent.
The price of a property in the greater Montreal area was up 3.5 per cent. Quebec City is seeing the biggest gains, where home prices are up 13.5 per cent, compared to the same time last year.
The increase is taking place during a time of economic uncertainty with the ongoing U.S. tariff dispute.
According to the latest data from the Canada Mortgage and Housing Corporation (CMHC), Montreal has the highest housing deficit among major cities in Canada.
The construction of nearly 49,000 additional units per year would be needed to meet the demand projected by 2035.
