While several real estate segments are evolving in a more measured context, the prestige real estate market in Quebec in 2026 continues to show particularly strong momentum. Recent data even points to tangible growth, both in volume and in value.
Between January and March 2026, more than 1,000 single-family properties priced over $1 million were sold in Quebec, compared to approximately 850 during the same period in 2025*. This 17.6% increase in the number of transactions confirms an important reality: demand is clearly present, and it is translating into action.
“What stands out is not only the evolution of prices, but the level of activity. When transactions increase in this segment, it means buyers are taking action,” observes Richard Beaumier, President of Profusion Immobilier.
In Quebec, this growth is not based solely on volume. Prices are also continuing to rise, with an increase of approximately 5.5% for single-family properties and 2.5% for condominiums in the segment over $1M*. This measured evolution reflects a healthy market rather than overheating.
A segment evolving differently from the overall market
To fully understand the significance of this data, it must be placed in context. The Quebec real estate market as a whole experienced a slowdown between 2021 and 2023, followed by a gradual return in activity.
The luxury segment, however, has not only regained its momentum, it has surpassed it. In 2025, more than 5,000 transactions were recorded in Quebec for properties over $1M*, a recent-years high.
In other words, the prestige market does not simply follow the general trend: it evolves according to its own dynamics, often one step ahead.
Why the luxury market remains so solid
Several factors explain this resilience.
First, buyers in this segment are generally less sensitive to short-term fluctuations. Their approach is based more on lasting criteria: location, property quality, and long-term potential.
“This is a market where decisions are carefully considered. Buyers take the time to evaluate, but when a property meets their expectations, they are ready to position themselves quickly,” notes Richard Beaumier.
Second, scarcity continues to play a central role. A distinctive property, well located and well positioned on the market, maintains strong appeal, even in a calmer environment.
A market more active than it appears
One element stands out in particular from the recent data: the prestige real estate market in 2026 is not only stable, it is more active.
The increase in the number of transactions indicates that the pool of qualified buyers is expanding, that properties are finding buyers more easily, and that the market is gaining fluidity.
This point is essential. A market can see prices rise without being truly active. Here, the opposite is true: prices are rising, and so are transactions.
A growing place within the real estate market
With such marked growth, the segment of properties over $1M is taking on an increasingly important role within the Quebec real estate market as a whole.
It is no longer a marginal niche, but a structuring segment that actively contributes to the overall market dynamic.
What are the outlooks for the prestige real estate market in 2026?
Early-year indicators point to a stable, active market with measured growth, where more thoughtful buyers are prioritizing properties that truly stand out.
Ultimately, one trend is confirmed: the prestige market is not slowing down, it is adjusting, while maintaining a solid foundation.
In brief
- Sales in Quebec up 17.6% (January to March 2026 vs. the same period in 2025)*
- Moderate price growth (balanced market)
- Luxury segment outperforming the overall market
- Real increase in demand and in the number of buyers
- Increasingly structuring role in Quebec real estate
*Source: Centris