Quebec housing market: prices, building and jobs

Quebec's new home prices changed +2.4% over a year, and unemployment is 6.0%. Reading: balanced market.

New home prices, 1 year

+2.4%

6 months +0.5%

Housing starts, 1 year

-11%

latest 45.2k (annual rate)

Unemployment

6.0%

+0.3 points in a year

Reading

Balanced market

simple rule on official data

What the numbers say

Prices up +2.4% over a year.
Unemployment is steady at 6.0%.
New building -11% over a year (less new supply coming).
Nationally: The policy rate is unchanged over six months at 2.25%.

Prices are Statistics Canada's New Housing Price Index (new homes only; resale prices by province need a CREA licence). Latest data: 2026-08-01.

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Updated October 21, 2026, 10:02 UTC. Sources: Statistics Canada, CMHC via Statistics Canada. Educational information only - not financial advice.