Quebec CMA Market Report - March 2026: Composite Benchmark Price Rises to $450,200

Quebec CMA (MLS® HPI) — March 2026

In March 2026, the Quebec Census Metropolitan Area (CMA) reports a composite benchmark price of $450,200, reflecting a 10.1% increase from March 2025. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Quebec CMA continues to exhibit a balanced market in March 2026, with the composite benchmark price rising from $445,400 in February 2026 to $450,200 this month. This upward trend in pricing is indicative of sustained demand, despite the absence of detailed sales and listing data for the current month. Year-over-year, the benchmark price has increased by 10.1%, suggesting a robust recovery and growth trajectory in the local real estate market compared to March 2025, when the benchmark was $409,000.

The lack of specific sales and inventory figures this month makes it challenging to assess the precise dynamics of supply and demand. However, the consistent increase in benchmark prices points to a competitive environment where buyers are likely facing upward pressure on prices due to limited available inventory. This scenario typically encourages sellers to enter the market, potentially leading to an increase in new listings in the coming months.

Property Type Analysis

In March 2026, the benchmark prices for various property types are as follows: detached homes at $512,900, attached/townhouses at $427,100, and apartments at $317,300. The highest benchmark price for detached homes reflects their continued desirability among buyers, likely driven by factors such as increased space and privacy, which are particularly appealing in the current market context.

Attached and townhouse properties also show a healthy demand, with a benchmark price of $427,100, while apartments remain the most affordable option at $317,300. This price differentiation suggests that buyers may be gravitating towards different property types based on their budget and lifestyle preferences, further contributing to the balanced market conditions observed this month.

Regional Highlights

The Quebec CMA's real estate market reflects a regional trend of increasing property values, with the composite benchmark price rising significantly over the past year. This trend is consistent across various neighborhoods, indicating a widespread appreciation in property values. As urban areas continue to attract buyers seeking proximity to amenities and employment opportunities, the demand for residential properties is expected to remain strong.

Moreover, the overall economic conditions in Quebec, including job growth and population increases, support the ongoing demand for housing. As the market stabilizes, it is likely that we will see a gradual increase in new listings, which could help balance the market further and provide more options for prospective buyers.

For Buyers

For buyers looking to enter the Quebec CMA market, it is advisable to act promptly, especially given the upward trend in benchmark prices. Engaging with a knowledgeable real estate agent can provide insights into the most desirable neighborhoods and property types that fit within your budget. Additionally, being pre-approved for financing can enhance your competitiveness in a potentially tight market.

For Sellers

Sellers in the Quebec CMA should consider the current market conditions as favorable for listing their properties. With benchmark prices on the rise, now may be an opportune time to capitalize on increased home values. Sellers are encouraged to work with a real estate professional to effectively market their homes and set competitive prices that reflect current market trends.