Quebec Multifamily Market – December 2025 Recap & Year-End Review

In this Market Insights, December 2025 update, Mikael Kurkdjian, Senior VP & Chartered Real Estate Broker, reviews the key multifamily transactions and year-end trends across Quebec. Highlights include: • Multiple notable trades across Montreal, Longueuil, Laval, and Sainte-Thérèse • 2,672 transactions province-wide in 2025 • ~$7B in total sales volume • Median price per unit: $167K • Median cap rate: 4.37% Despite some regional slowdowns, demand remains strong where pricing and financing align.