Georges Bardagi, president of Bardagi – RE/MAX du Cartier G.B., shares his thoughts on the subject in La Presse.

Why is Quebec an exception to the decline in prices across Canada?

According to the latest outlook published by RE/MAX Canada, the national real estate market is expected to see an average price decrease of 3.7% in 2026, as well as a slight increase in sales of 3.4%. However, Quebec is not expected to follow this downward trend.

Is the Quebec market more resilient than the rest of Canada?

While several provinces are experiencing a slowdown, Quebec’s real estate market remains one of the most resilient in the country.
The main reason? The supply of properties for sale remains exceptionally low, particularly in sought-after areas of the metropolitan region.

Fewer properties on the market, combined with steady demand, are putting direct pressure on prices.

New residential construction is also influencing this dynamic: in Quebec, it is focused more on rental properties than on single-family homes or condominiums for purchase. The result: even fewer properties available for buyers.

A more stable luxury market in Quebec

The high-end real estate market has slowed down in cities such as Toronto and Vancouver, but Quebec is showing greater stability and a consistently active clientele.

As Georges Bardagi, president of RE/MAX Cartier G.B., points out:

“We have a much more resilient market in Quebec than in the rest of Canada. ”

This resilience is particularly evident in Montreal’s sought-after neighborhoods, where the market is trending toward equilibrium.

Purchase intentions in 2026: one in ten Canadians want to buy a property

In a survey conducted by Léger for RE/MAX:

• 10% of Canadians plan to buy a property in 2026
• 50% of them will be first-time buyers
• 1 in 4 Canadians believe that real estate will become more affordable

This perception of affordability could further stimulate the Quebec market.

National data: a slowdown that does not affect Quebec

Between January 1 and October 31, property resales declined in 19 of the 33 markets analyzed elsewhere in the country.
According to the Canadian Real Estate Association:

• The actual average price of properties sold in October was $690,195,
• A 1.1% decrease from the previous year.

However, this decline is not reflected in Quebec, where sales and prices remain stable.

What to watch for in 2026

Although the Quebec market remains strong, economic uncertainty could affect buyer and seller confidence in the coming months. The market will tend toward greater balance.

As Georges Bardagi points out,

“What it will take is confidence in the economy.”

With its in-depth knowledge of the Montreal market and over 35 years of expertise, the Bardagi team will guide you through one of the most competitive markets in the country.

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