Quebec’s Real Estate Market Gradually Rebalances in the Second Quarter

July 15, 2026 - 02:30

L'ÎLE-DES-SŒURS, Quebec -- The Quebec real estate market is slowly moving toward a more balanced state, according to new data from the Quebec Professional Association of Real Estate Brokers. In the second quarter of 2026, brokers across the province completed 27,296 residential sales. That number represents a 5 percent drop compared to the same period last year.

Industry observers say the decline points to a gradual normalization after several years of intense activity. The market had been running hot, with low inventory and high demand pushing prices up quickly. Now, the pace is slowing down.

The data comes from the Centris system, which tracks transactions handled by real estate brokers throughout Quebec. While sales have dipped, the market is not in a crash. Instead, it appears to be settling into a more sustainable rhythm. Buyers have more time to consider their options, and sellers are adjusting their expectations.

Experts suggest that rising interest rates and a general cooling of economic conditions are contributing to the shift. The second quarter results indicate that the market is responding to these pressures without a dramatic collapse. For now, the trend points to a steady rebalancing, with fewer bidding wars and more realistic pricing.