In 2026, one conclusion stands out for investors: the plex is Quebec’s most resilient segment. While sales slow broadly, the plex holds on every front: province-wide, its median price reaches $685,000 (+2%) and its time on market falls 10 days, to 41. As we analyzed in our feature on the resilient provincial plex, that is a strong signal of demand. The Bank of Canada also holds its policy rate at 2.25%, which secures financing math.
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1. The Plex Holds Everywhere in Quebec
$685,000
Median price (province)
+2%, 41 days (-10)
+6%
Montreal CMA price
despite -5% in sales
+15%
Quebec City CMA sales
the most dynamic segment
Three markets, one conclusion. In the Montreal CMA, volume falls (-5%) but prices rise (+6%): the signature of scarcity. In the Quebec City CMA, sales jump 15%. Province-wide, price and speed of sale move up together. The plex holds where other segments slow.
2. Why the Plex Holds Up
The plex’s strength lies in its dual nature: it houses its owner while generating rental income, in a market where rentals stay tight across Quebec. This sustained rental demand improves yields and attracts both occupants and investors. Add structural scarcity: few new plexes are built, which supports prices even when transaction volume softens.
💡 The yield logic: at comparable rent, a plex that costs less to buy — in the regions or in Quebec City — delivers a higher gross yield than a pricier Montreal CMA plex.
3. Demand That Absorbs Supply
Plex listings are up 12% province-wide, yet days on market are falling, to 41 (-10). That crossover is rare: it means demand absorbs the extra supply faster than it arrives. For the investor, it confirms that good, properly priced buildings sell quickly: the negotiating window stays narrow on quality.
4. Investor Strategy in 2026
Two approaches emerge. In the regions or Quebec City, lower entry prices maximize gross yield and ride a market in full swing. In the Montreal CMA, scarcity supports long-term capital appreciation despite lower volume. In both cases, target buildings with below-market rents (upside potential) and validate the yield at the current 2.25% rate. To weigh the segments, see our comparison of condo versus plex as an investment.
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