February sales activity points to a highly competitive spring housing market in the Quebec City region, says the Quebec Professional Association of Real Estate Brokers (QPAREB).

The region recorded 1,051 residential transactions in February 2026, a modest 1% increase year-over-year, driven by a 10% rise in condominium sales to 335 transactions. Single-family home sales dipped 2% to 636 transactions, while plex sales fell 4% 79.

Geographically, the region posted a 6% gain with 725 transactions, while activity declined 3% on the South Shore and 17% in the Northern Periphery.

Inventory continued to tighten, with active listings declining for the 25th-consecutive month to the lowest level ever recorded for February. The drop was led by single-family homes, down 6%, and plexes, down 4%, although condo listings rose 11%.

The persistent shortage is fuelling seller-friendly conditions, with the number of months of inventory reaching a historic low. Prices continued to climb, with median values up 13% for single-family homes and 10% for both condo units and plexes.

Market times also shortened, particularly for plexes, which sold 36 days faster on average, while single-family homes sold 14 days quicker. Condos remained stable at an average of 31 days on market.

“In February, the greater Quebec City market remained heavily constrained by an insufficient supply of properties on the market, despite listings showing some tentative signs of adjustment,” said Charles Brant, QPAREB’s market analysis director.

However, sales have stabilized at levels well above the historical average for this time of year, reflecting sustained demand, he added.

Competition remains intense, with nearly 45% of transactions involving overbidding, a level similar to last year.

“This ongoing pressure continues to drive rapid price growth, which is making affordability an even greater challenge in the area, particularly for first-time buyers,” added Brant.

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.