Condominium listings in the Quebec City region rose 27% year-over-year in April while condo sales fell 6%, as rising supply and softening demand began easing some of the market pressure that has defined recent years,” according to the Quebec Professional Association of Real Estate Brokers (QPAREB.)

A total of 1,006 residential transactions were recorded across the region in April, down 7% from April 2025, said QPAREB in its latest monthly report. Despite the decline, activity remained well above the 10-year average.

Sales declined across all housing categories, with the condo sector’s 6% decline ranking behind single-family home sales and plex, which both saw 8% declines. Listing activity increased across all property types, with total residential listings rising 21% year-over-year to 2,204 properties. Single-family home listings increased 20%, while plex listings rose 14%.

“Although the market remains dynamic compared to historical averages, we have seen a bit more caution from buyers since the beginning of 2026, largely due to the climate of economic uncertainty,” said Charles Brant, QPAREB’s market analysis director. “Consumer confidence has weakened amid a slowdown in Quebec’s economy, persistent inflation concerns, and ongoing geopolitical uncertainties, whether related to the conflict in the Middle East or the trade environment with the United States.

“These factors are prompting many households to take a step back before proceeding with a real estate project.

All three major geographic sectors of the capital region recorded lower sales activity. The Agglomeration of Quebec City posted the smallest decline at 4%, while sales dropped 10% on the South Shore and 21% in the Northern Periphery.

The increase in supply marked the second consecutive monthly rise following 25 straight months of declines. Even with more inventory coming onto the market, active listings remained 58% below the 10-year average.

The association said the combination of higher inventory and lower sales suggests market tightening may have peaked earlier this year, though conditions remain heavily tilted toward sellers.

“In the Quebec City area, this increased buyer caution is unfolding in a market that remains extremely tight,” said Camille Laberge, QPAREB’s assistant director and senior economist. “Despite the slight decline in sales, demand continues to run up against limited supply, thus maintaining strong competition among buyers. The recent increase in supply is good news for pent-up demand after several years of shortages, even though it is still far from restoring market balance.

“Selling times remain exceptionally short, and upward pressure on prices persists across all segments, albeit to a lesser extent than what was observed in 2025.”

QPAREB represents more than 15,000 real estate brokers and agencies across Quebec and publishes market data, provides training and tools, and advocates on behalf of the profession.