The average price for a house in Quebec stood at approximately ******* Canadian dollars in 2024 and was set to increase slightly in the next two years. In 2025, the average price is forecast to reach ******* Canadian dollars. Meanwhile, the national average house price was forecast to pick up in 2025. Compared to other provinces, Quebec was the third-most expensive province to buy housing in Canada, after British Columbia and Ontario. Quebec Located on the eastern side of Canada, Quebec had an estimated population of almost **** million people in 2023. It is the second most populated province in Canada, and the second-largest by land size, as it is ***** times the size of Texas. The largest city in Quebec is Montreal, which is close to the Vermont border in the United States. The median total family income in Quebec has been steadily rising since 2000. Housing Prices in Canada Housing prices in Canada vary province to province. The most expensive average house price was in British Columbia in 2024. Vancouver, the most populated city in British Columbia, is known for its high-priced real estate market. However, housing prices all over Canada have increased in the past couple of years.

Average House Prices in Canada decreased to 688600 CAD in June from 690200 CAD in May of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

New housing price index (NHPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (201612=100).

Downtown Montréal/Îles-des-Soeurs was the most expensive area to rent a two-bedroom apartment in Greater Montréal, Canada in 2023, with a median rent of 1,813 Canadian dollars. In comparison, the average for Greater Montréal stood at 980 Canadian dollars. Pont-Viau and Montréal-Nord, on the other hand, were the most affordable areas. The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with three or more rental units on the market for more than three months.

The Canadian office real estate market, concentrated in major cities like Toronto, Ottawa, and Montreal, exhibits robust growth potential. With a market size exceeding [Estimate based on available data - Let's assume a 2025 market size of $50 Billion based on typical market sizes for similar developed nations and the provided CAGR. This is a placeholder and should be replaced with accurate data if available. Adjust this based on your better knowledge.], and a compound annual growth rate (CAGR) exceeding 8%, the market is poised for significant expansion through 2033. Key drivers include sustained economic growth, increasing urbanization, and a burgeoning technology sector driving demand for modern office spaces. The presence of significant players like Brookfield Asset Management, CBRE Canada, and others indicates a high level of competition and investment in the sector. However, challenges such as fluctuating interest rates, potential economic downturns, and the ongoing impact of remote work trends act as restraints on market growth. Future trends suggest a shift towards sustainable and technologically advanced office spaces, appealing to environmentally conscious businesses and employees, and emphasizing flexible lease terms and amenities to attract and retain talent. The segmentation by major cities reflects the concentrated nature of the market, with Toronto, Ottawa, and Montreal likely dominating market share due to their established economic hubs and population density. The forecast period of 2025-2033 presents opportunities for investors and developers to capitalize on the market's expansion, focusing on adaptive reuse strategies, building renovations, and the development of next-generation office spaces that cater to evolving business needs. The success of individual companies will hinge on their ability to adapt to changing market dynamics, including incorporating flexible work arrangements and emphasizing tenant experience to ensure occupancy rates remain high amidst an evolving work landscape. A strategic focus on sustainable building practices and technological integration will also be crucial for long-term success within the Canadian office real estate sector. This necessitates a thorough understanding of local regulations and market conditions for optimal investment and development strategies. This in-depth report provides a comprehensive analysis of the Canadian office real estate market, covering the period from 2019 to 2033. It offers invaluable insights for investors, developers, and industry professionals seeking to navigate this dynamic sector. With a base year of 2025 and an estimated year of 2025, the report forecasts market trends up to 2033, leveraging historical data from 2019-2024. Key market drivers, challenges, and emerging trends are analyzed, enabling informed decision-making in this multi-billion dollar market. Recent developments include: April 2022: Canadian Net Real Estate Investment Trust announced the purchase of four properties in Quebec and Nova Scotia. With transaction fees excluded, the total consideration paid was USD 18, 800,000, which was paid in cash. The purchase price reflects a capitalization rate for the portfolio of about 6.5%., February 2022: The first acquisition for Crown Realty Partners' value-add fund, Crown Realty V Limited Partnership, has been finished. The Park of Commerce property is a group of four office buildings situated along the Queensway Corridor in the Greater Ottawa Area. This purchase is a crucial milestone for their Fund as they optimize sustainability objectives and economic return targets as part of their value enhancement plan.. Key drivers for this market are: Increasing new construction activity as well as expansion of new startups and small enterprises, Increasing demand for affordable housing units. Potential restraints include: Lack of housing spaces and mortgage regulation. Notable trends are: Office spaces in Toronto and Vancouver are increasing.

The Canada Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Region/Province (Ontario, Quebec, British Columbia, Alberta and Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Census metropolitan areas; Saguenay; Quebec; Calgary; Alberta; Edmonton; Alberta ...).

This table contains data described by the following dimensions (Not all combinations are available): Geography (247 items: Carbonear; Newfoundland and Labrador; Corner Brook; Newfoundland and Labrador; Grand Falls-Windsor; Newfoundland and Labrador; Gander; Newfoundland and Labrador ...), Type of structure (4 items: Apartment structures of three units and over; Apartment structures of six units and over; Row and apartment structures of three units and over; Row structures of three units and over ...), Type of unit (4 items: Two bedroom units; Three bedroom units; One bedroom units; Bachelor units ...).

In late 2023, data centers were the type of building with the highest construction costs in Vancouver. That year, construction costs of hospitals stood between 670 and 850 Canadian dollars per square foot. Light and heavy industry buildings had the lowest construction costs. These costs are similar to those of other big Canadian cities, such as Montreal.

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Monthly data are available from January 2006 for the total index and from January 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

Downtown Montréal/Îles-des-Soeurs was the most expensive area to rent a two-bedroom apartment in Greater Montréal, Canada in October 2024, with a median rent of ***** Canadian dollars. Laval-des-Rapides, on the other hand, was the most affordable area. The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with ***** or more rental units on the market for more than three months.

Data centers and hospitals were the types of buildings with the highest construction costs in Montreal (Canada) in late 2024. Constructing medium quality residential buildings cost between *** and *** Canadian dollars per square foot. That was significantly more expensive than townhouses. The construction costs in Vancouver were lower than in Montreal for many types of buildings.