Not unlike the province’s residential market, homes near Quebec’s popular ski hills recorded an increase in sales and price appreciation this year, despite economic uncertainty
Housing markets across Quebec have been bucking national trends all year, and the province’s recreational real estate regions are no exception. Driven by steady demand and tight inventory, as well as the steady easing of lending rates, prices and sales volumes recorded year-over-year increases in the first three quarters of the year in most of the province’s most popular ski regions.
“Quebec’s recreational markets continued to show steady price growth in 2025. Unlike the mainstream market, these properties are often less sensitive to interest rate fluctuations, attracting a financially stable clientele that is less influenced by the overall economic outlook,” said Dominic St-Pierre, senior vice president of business development, Royal LePage. “Demand remains strong, driven by those seeking to enjoy nature and the many outdoor amenities these markets offer.”
According to the Royal LePage 2025 Winter Recreational Property Report,1 the median price of a single-family detached home in the province of Quebec rose 3.6% in the first nine months of the year, compared to the same period in 2024, reaching $566,300.
Domestic demand drives sales growth
Political and economic tensions between Canada and the United States, and as a result, the ‘Buy Canadian’ movement – which has encouraged Canadians to direct their time and money toward domestic products, services and destinations in response to the tariffs imposed by the U.S. – are changing how and where Canadians are choosing to spend their vacations. Statistics Canada has reported year-over-year declines of Canadian-resident return trips by automobile from the United States every month this year to date.2
It has also had a ripple effect on the real estate market, including within recreational regions. Forty-seven per cent of Royal LePage recreational property experts reported more inquiries from domestic buyers of recreational real estate. Meanwhile, 27% of experts have noted an increase in the number of American buyers inquiring about recreational real estate in their area over the past year.
“Political tensions with the United States are prompting many Canadians to reconsider their investments and vacation destinations. It is therefore not surprising to see more and more Canadians turning to the local market, including Quebec, for their winter getaways,” says St-Pierre. “This shift could lead to a significant withdrawal from the American property market, impacting economies such as Florida, Arizona and California. But, more importantly, it stimulates reinvestment in our own recreational markets. In addition, the favourable exchange rate makes our recreational properties particularly attractive to American buyers. We therefore anticipate an increased wave of requests for information in the coming months.”
A look ahead
Given the four interest rate cuts made by the Bank of Canada in 2025 and strong buyer confidence, activity is expected to snowball across Quebec’s recreational markets, both near ski resorts and beyond.
“We expect to see increased activity in the coming months, both in the winter and summer markets,” says St-Pierre. “Although lower interest rates have not been the main driver of activity in these markets, they have boosted buying power for consumers. Demand remains strong, fuelled by those who long for nature and outdoor amenities. We anticipate a continued increase in inventory in 2026, offering buyers more choice, but strong demand in highly-sought-after areas could still support price increases.”
Highlights from the provincial release:
- Royal LePage forecasts the price of a single-family detached home in Quebec’s winter recreational markets will increase 3.0% over the next year.
- Of the ten Quebec markets studied, eight recorded an increase in the price of single-family homes.
- The Mont Sutton ski region saw the highest year-over-year price increase for single-family detached homes (23.6%) in the first nine months of 2025.
- In terms of condominiums, the median price of a unit in the Bromont region rose 17.0% year over year; the highest increase in the province.
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1The Royal LePage 2025 Winter Recreational Property Report compiles outlooks, data and forecasts from 10 popular ski regions in Quebec. Median price and sales data were compiled through Centris and analyzed by Royal LePage for the period from January 1 to September 30 in 2025 and for the same period in 2024. Data availability is based on a transactional threshold and on available regional data using the standard housing types examined in the report. Price data for 2024 may vary from the Royal LePage 2024 Winter Recreational Property Report due to updated transaction data from local real estate boards.
2Leading indicator of international arrivals to Canada, October 2025, Statistics Canada, November 12, 2025