Quebec Province May 2026: 9,300 Sales — Markets Outside Montreal Are Holding Up Better

The May 2026 provincial statistics tell a more nuanced story than the Montreal headlines: 9,300 sales across Quebec (−6%), but prices rising faster than in Montreal — the provincial median single-family home gained 5% year over year, at $524,900. While the Montreal CMA watches inventory climb for a tenth month, most regions still have supply below historical averages. Two markets, two realities.

The provincial picture in numbers

In May 2026 across the province: 9,300 sales (−6% year over year) for a volume of about $5.3 billion (−2%), 42,066 active listings (+13%) and 15,405 new listings. By segment: 6,113 single-family sales (−5%) at a median of $524,900 (+5%), 2,248 condos (−9%) at $407,000 (+2%) and 912 plexes (−5%) at $685,000 (+2%). The average selling time for a single-family home is 38 days, down 4 days.

Province vs CMA: the gap widens

The comparison with the Montreal CMA is telling: +5% for the provincial single-family median versus +3% in the CMA; sales down 6% versus 7%; and above all, a different supply dynamic. The APCIQ points out that only the Island of Montreal and the South Shore show supply above historical averages. Elsewhere — Quebec City, Eastern Townships, Mauricie, Bas-Saint-Laurent, Outaouais — inventory is recovering (+13%) but from low levels: the seller-buyer balance there is levelling, not flipping.

Why the regions hold firm

Three structural factors. First, the entry price: at a $524,900 provincial single-family median — and often much less outside the major centres — financing at a 2.25% policy rate remains absorbable for median-income households, where Montreal's half-million demands more. Second, entrenched remote work keeps feeding baseline demand toward mid-sized cities. Third, new construction, slowed by costs (steel tariffs, labour), is not closing the regional supply deficit.

Condos: caution reaches the regions too

The condo segment is the only one cooling at the provincial scale: sales down 9%, listings up 20% and an average selling time of 45 days (+4). The Montreal phenomenon — condo inventory growing faster than demand — is gradually spilling into satellite markets. For condo sellers in the regions, the initial asking price is becoming as strategic as it is in the city.

What to take away

Sellers in the regions: the window remains favourable — rising prices, historically low supply, short selling times for well-priced properties. Buyers in the regions: do not count on a price collapse; the easing is first and foremost a Montreal story. And for everyone: provincial averages hide huge gaps between a rebalancing Montreal belt and regional markets that are still tight. Your property's value is set in your sector, not in Quebec's average.