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 projects shaping the future of real estate in the region.
Recent Real Estate Market Trends
1. Rise in Housing Prices
House 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 desirable, especially in neighborhoods such as 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 areas in 2025, according to Statistics Canada.
3. The Impact of Interest Rates
Interest rates remain relatively low, but increases anticipated by the Bank of Canada could influence purchasing decisions. In 2025, analysts expect a slight rise in mortgage rates, which could cool the market if buyers become less confident. Experts from Desjardins suggest that this could also make properties more affordable in the long term.
Major New Real Estate Developments
1. Pointe-aux-Lièvres Eco-Neighborhood
One of the most ambitious projects currently underway is the Pointe-aux-Lièvres Eco-Neighborhood, which aims to transform an old industrial site into a sustainable district. This project includes affordable housing, green spaces, and modern infrastructure. The first phase is expected to be completed by the end of 2025, offering about 1,000 housing units.
2. Redevelopment Project of the Former Enfant-Jésus Hospital
The redevelopment of the former Enfant-Jésus Hospital, which will be converted into a mixed-use complex including housing, offices, and shops. This project, part of an urban revitalization initiative, is planned to begin in 2026, with a vision focused on sustainable development and accessibility.
3. The Samuel-De Champlain Promenade Development
The Samuel-De Champlain Promenade is also undergoing improvements, with new developments aimed at strengthening the region's tourist and residential appeal. Housing and commercial projects along the promenade are expected to start taking shape, thereby 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-Neighborhood and the redevelopment of the former Enfant-Jésus Hospital, demonstrate the city's commitment to evolving toward a sustainable and dynamic future. For potential buyers, it is crucial to follow these trends and explore the opportunities that arise in this beautiful city.
Stay informed and regularly check market updates to make informed decisions about your real estate investments in Quebec.
