The Evolution of Condominium Prices in Quebec: Insights for 2025

The Evolution of Condominium Prices in Quebec: Insights for 2025

The real estate market in Quebec, particularly the condominium sector, has witnessed significant transformations over the years. As of 2025, various factors, including economic conditions, demographic shifts, and policy changes, have influenced condominium prices across the province. This blog post explores these trends, providing insights into the current state of the market and what buyers and investors can expect moving forward.

Current Market Overview

As of 2025, Quebecs condominium market is experiencing a notable fluctuation in prices, primarily driven by urban migration patterns and economic recovery following the pandemic. According to the Quebec Professional Association of Real Estate Brokers (APCIQ), the average price of a condominium in the province has risen approximately 6% since 2024, now hovering around $300,000 in many urban areas like Montreal and Quebec City (APCIQ).

Urban vs. Rural Dynamics

The demand for condominiums remains particularly high in urban centers due to a growing preference for low-maintenance living and proximity to amenities. However, rural areas have also seen an uptick in interest as remote work becomes more prevalent, leading to a surge in prices there as well. In regions like the Eastern Townships, prices have increased by around 8% as more individuals seek second homes or permanent residences outside urban cores (Statistics Canada).

Key Factors Influencing Prices

1. Economic Recovery and Interest Rates

The post-pandemic economic recovery has played a crucial role in shaping the condominium market. With interest rates stabilizing around 3.5% as of early 2025, many buyers are returning to the market, eager to invest in properties before rates potentially rise again. According to the Bank of Canada, the stabi