Quebec CMA Market Report - November 2025: Benchmark Price at $422,700, Up 12.5% YoY

Quebec CMA (MLS® HPI) — November 2025

In November 2025, the Quebec CMA reports a composite benchmark price of $422,700, reflecting a 12.5% increase compared to November 2024. The market remains balanced, indicating stable conditions for buyers and sellers alike.

Market Analysis

The Quebec CMA's real estate market continues to demonstrate resilience, with the composite benchmark price showing a notable increase from $375,800 in November 2024 to $422,700 this month. This upward trend in pricing indicates strong demand, despite the absence of sales and listing data for the current period. The balanced market condition suggests that supply and demand are relatively equal, providing a stable environment for transactions.

In comparison to the prior month, where the benchmark price was $425,900, the slight decrease indicates a minor adjustment in pricing trends. However, the year-over-year growth of 12.5% highlights the ongoing appreciation in property values, driven by factors such as low inventory and sustained buyer interest. The market's stability is further underscored by the consistent benchmark prices across different property types, suggesting a healthy demand across the board.

Property Type Analysis

The breakdown of property types reveals distinct benchmarks: detached homes are priced at $481,300, attached/townhouses at $401,200, and apartments at $295,600. Each category reflects the overall market trend of rising prices, with detached homes commanding the highest benchmark, indicative of their continued popularity among buyers seeking more space.

Despite the lack of sales data this month, the consistent pricing across property types suggests that buyers are actively engaging in the market, particularly in the detached segment, which often reflects family-oriented preferences. The appreciation in benchmark prices across all categories further emphasizes the overall strength of the Quebec CMA real estate market.

Regional Highlights

Regionally, the Quebec CMA exhibits a diverse real estate landscape, with urban areas experiencing higher demand compared to suburban regions. This trend is likely influenced by lifestyle changes post-pandemic, where buyers are seeking properties that offer both accessibility to urban amenities and the comfort of residential living. As a result, certain neighborhoods may see more pronounced price increases, particularly those that are well-connected to public transport and local services.

Additionally, the overall economic conditions in Quebec, including employment rates and population growth, contribute positively to the housing market. The balanced market condition suggests that while buyers are active, sellers are also motivated, leading to a healthy turnover of properties without significant volatility in prices.

For Buyers

For prospective buyers, it is advisable to stay informed about market trends and be prepared to act quickly when suitable properties become available. Given the current balanced market, buyers should focus on securing financing and being ready to make competitive offers, especially in sought-after neighborhoods where demand is likely to remain strong.

For Sellers

Sellers are encouraged to present their properties in the best possible light to attract potential buyers. With the benchmark prices showing a year-over-year increase, pricing strategies should reflect current market conditions. Engaging with a knowledgeable real estate agent can provide valuable insights into pricing and marketing strategies to maximize property visibility and appeal.