The Capitale-Nationale has an engine in May 2026: the plex. In the Quebec City CMA, plex sales rose 15% year over year and the median price reached a peak of $575,000 — all in a region that itself posted a record 964 sales(+5%), detailed in our Quebec City sales-peak analysis. Here is why the plex leads and what it implies.
Ready to sell your property?
Get a free market analysis from an OACIQ broker.
Talk to a broker →We only take on 5 sellers per week per area, to keep support truly personal.
1. The Number: Sales +15%, Median $575,000
Two signals converge: volume and price. Quebec City CMA plex sales climbed 15%, the region's strongest gain, while the median price settled at a peak of $575,000. When sales and prices rise together, it signals demand outstripping available supply: buyers compete for a limited stock.
2. Why Plexes Lead in Quebec City
The plex has a structural edge: it combines a home and rental income. With rents tight, an owner-occupant can have tenants carry part of the mortgage, while investors see a yield asset. With the policy rate stable at 2.25%, borrowing capacity is predictable. Add a historically limited plex supply in Quebec City, and you get the mix that pushes both sales and prices.
3. The Plex Leads the Capitale's Peaks
The plex is not rising alone: the Quebec City CMA saw median prices reach peaks across several categories in May 2026 — single-family $470,000, condominium $330,000. But it is the plex, at $575,000 and +15% in sales, that leads the region. This multiplex leadership sets Quebec City's trajectory apart, driven by appetite for rental income.
4. What It Means for a Plex Seller
The backdrop is favourable, but it does not excuse sloppiness. A plex buyer buys numbers as much as a building: prepare clear leases, documented income and a well-maintained property. A plex that presents cleanly, with a solid rental file, can aim for the top of the range in a market where the median is $575,000. The right price stays anchored on recent comparables, not on an optimistic projection.
5. What It Means for an Investor
A dynamic segment is attractive, but a median price of $575,000 demands validating returns case by case: actual rents, expenses, building condition, financing. The trap would be to pay for the trend without checking cash flow. A Quebec City plex stays attractive when the numbers hold after analysis; it is the review of income and expenses, not market enthusiasm, that should decide the purchase.