The Quebec City Real Estate Market in 2025: Trends and Projects
The Quebec City Real Estate Market in 2025: Trends and New Projects
The Quebec City real estate market in 2025 is marked by interesting trends and ambitious projects that are redefining the city's urban landscape. In this article, we will explore the recent market developments as well as the major developments shaping the future of real estate in the region.
Recent Real Estate Market Trends
1. Rise in Home Prices
Home prices in Quebec City have continued to rise, with an increase of 7% compared to the previous year, according to data from the Quebec Real Estate Chamber. This trend is driven by sustained demand and limited supply, despite a slight uptick in housing starts.
2. The Appeal of Urban Properties
Urban properties remain particularly sought-after, especially in neighborhoods like Saint-Roch and Limoilou. Young professionals and families are choosing to settle near amenities and public transit, which led to a 15% increase in sales in these sectors in 2025, according to Statistics Canada.
3. The Impact of Interest Rates
Interest rates remain relatively low, but anticipated hikes by the Bank of Canada could affect purchasing decisions. In 2025, analysts expect a slight increase in mortgage rates, which could cool the market if buyers become less confident. Experts at Desjardins suggest that this could also make properties more affordable in the long term.
Major New Real Estate Projects
1. Pointe-aux-Lièvres Eco-District
One of the most ambitious projects underway is the Pointe-aux-Lièvres Eco-District, which aims to transform an old industrial site into a sustainable neighborhood. This project includes affordable housing, green spaces, and modern infrastructure. The first phase is expected to be completed by the end of 2025, offering around 1,000 housing units.
2. Redevelopment of the Former Hôpital de l'Enfant-Jésus
Another significant project is the redevelopment of the former Hôpital de l'Enfant-Jésus, which will be converted into a mixed-use complex including housing, offices, and retail spaces. This project, part of urban revitalization efforts, is scheduled to begin in 2026, with a vision focused on sustainable development and accessibility.
3. Development of the Samuel-De Champlain Promenade
The Samuel-De Champlain Promenade is also undergoing improvements, with new developments aimed at enhancing the region's tourist and residential appeal. Housing and commercial projects along the promenade are expected to begin to take shape, contributing to the neighborhood's growth.
Conclusion
The Quebec City real estate market in 2025 shows signs of sustained growth despite potential challenges related to interest rates. The new real estate projects, such as the Pointe-aux-Lièvres Eco-District and the redevelopment of the former Hôpital de l'Enfant-Jésus, demonstrate the city's commitment to moving toward a sustainable and dynamic future. For potential buyers, it is crucial to follow these trends and explore the opportunities presented in this beautiful city.
Stay informed and regularly check market updates to make informed decisions about your real estate investments in Quebec.
