Quebec Multifamily Market: Major Deals & Key Trends | October 2025
Update: 2025-12-17
Description
In this October 2025 market breakdown, Mikael Kurkdjian, Senior VP & Chartered Real Estate Broker, reviews the biggest multifamily transactions and regional performance across Quebec.
Major deals include a 440-unit, $128M portfolio in Côte-Saint-Luc and a 414-unit, $97M concrete asset in St-Léonard. Over the last four quarters, Quebec recorded 2,610 sales, $7.147B in volume, and a stable median of $166K/door, confirming strong buyer-seller alignment.
Key regions like Montreal, Montérégie, Laval, Estrie and Québec City show growth and stable cap rates, while Outaouais is the only market slightly down.
➡️ A healthy, liquid, and stable multifamily environment heading into 2026.
Major deals include a 440-unit, $128M portfolio in Côte-Saint-Luc and a 414-unit, $97M concrete asset in St-Léonard. Over the last four quarters, Quebec recorded 2,610 sales, $7.147B in volume, and a stable median of $166K/door, confirming strong buyer-seller alignment.
Key regions like Montreal, Montérégie, Laval, Estrie and Québec City show growth and stable cap rates, while Outaouais is the only market slightly down.
➡️ A healthy, liquid, and stable multifamily environment heading into 2026.
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