Québec
Quebec
Statistics Canada geography code 2423027 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Average rent
$1,277
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
2.4%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Population trend
+5.6% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138979974) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Government32% of local drivers
Provincial capital. The Government of Quebec, the National Assembly and the provincial courts make public administration overwhelmingly the largest employer, and the city’s unemployment rate is consistently among the lowest in Canada as a result.
- Health Care16% of local drivers
The CHU de Québec-Université Laval network serves eastern Quebec.
- Other14% of local drivers
An insurance cluster - iA Financial Group, Beneva and La Capitale - headquartered in the city. Recorded as 'other' because the taxonomy has no financial services category.
- Education12% of local drivers
Université Laval, the oldest French-language university in North America.
- Technology10% of local drivers
Optics and photonics research, and a software sector supported by provincial incentives.
- Tourism10% of local drivers
Old Québec is a UNESCO World Heritage site and draws cruise and winter carnival traffic.
- Construction6% of local drivers
Public infrastructure work, including the tramway project.
Employer concentration
Government accounts for roughly 32% of the identified economic activity here. A market can have strong rental demand and still carry real risk if too much of it traces back to one institution.
Worth investigating: what happens to local demand if that employer reduces its workforce? This is a scenario to think through, not a prediction.
Rental market
Average rent
$1,277
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Vacancy rate
2.4%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $1,277 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 557,390 | observed | high | Statistics Canada |
| population | 2021 | 550,004 | observed | high | Statistics Canada |
| population | 2020 | 550,171 | observed | high | Statistics Canada |
| population | 2019 | 547,099 | observed | high | Statistics Canada |
| population | 2018 | 541,848 | observed | high | Statistics Canada |
| population | 2017 | 538,144 | observed | high | Statistics Canada |
| population | 2016 | 534,779 | observed | high | Statistics Canada |
| population | 2015 | 532,135 | observed | high | Statistics Canada |
| population | 2014 | 530,375 | observed | high | Statistics Canada |
| population | 2013 | 527,823 | observed | high | Statistics Canada |
| rent change pct | — | 6.1% | observed | high | Canada Mortgage and Housing Corporation |
| unemployment rate | 2024 | 3.9% | observed | high | Statistics Canada |
| unemployment rate | 2023 | 2.7% | observed | high | Statistics Canada |
| unemployment rate | 2022 | 2.9% | observed | high | Statistics Canada |
| unemployment rate | 2021 | 4.1% | observed | high | Statistics Canada |
| unemployment rate | 2020 | 6.8% | observed | high | Statistics Canada |
| unemployment rate | 2019 | 3.1% | observed | high | Statistics Canada |
| unemployment rate | 2018 | 3.7% | observed | high | Statistics Canada |
| unemployment rate | 2017 | 4.2% | observed | high | Statistics Canada |
| vacancy rate | — | 2.4% | observed | high | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.