The resale housing market in Quebec showed exceptional activity in 2025: 97,214 transactions — the third highest result in the province’s history and an 8% increase compared to 2024, with all RMRs showing positive growth, while the supply shortage continued to drive prices up.
Main figures and the most dynamic regions
- 97,214 resold properties in 2025 — only behind the “pandemic” years of 2020 and 2021 (+8% compared to 2024).
- All RMRs are growing: Drummondville (+11%), Sherbrooke (+9%), Montréal and Saguenay (+8%), Trois-Rivières and Québec (+5%), Gatineau (+3%).
- In smaller agglomerations, the surge is even stronger: Salaberry-de-Valleyfield (+21%), Rimouski (+18%), Rivière-du-Loup (+16%), Mont‑Tremblant (+15%).
Supply shortage and the “market on steroids”
- The average number of active listings — 35,279, which is 2% lower than in 2024 and significantly below the usual 50,000+ over the last decade.
- In Val‑d’Or, by the end of 2025, there were only 85 active listings left (–34% compared to 2024), which vividly illustrates the scale of the structural shortage.
- According to APCIQ (Charles Brant), the combination of lower rates and an increase in the maximum amortization period from 25 to 30 years supported purchasing power and a high transaction pace, despite a slight cooling in Q4.
A market with two speeds: houses vs condos
- Amid the overall shortage, the pressure is highest on houses and plexes: median prices in 2025 reached approximately $495,000 for unifamiliales (+8%) and $685,000 for plexes (+13%).
- The condominium segment “slowed down” in Q4: sales fell by 9%, while active listings increased by 14%; nevertheless, the median price still rose by 3% to $400,000.
The role of Loi 16 and regional tensions
- The implementation of Loi 16 (mandatory maintenance log, study of the contingency fund, certificate of the state of the condominium) complicated life for condo sellers and likely became one of the factors for the slowdown at the end of the year.
- According to Camille Laberge (APCIQ), in most metropolitan regions, the combination of sustained sales growth and inventory reduction, especially in Québec, Saguenay, and Drummondville, resulted in “particularly sharp” price jumps.
