Rents up Sharply in Quebec City, but Purchasing Power Is Improving

Rents rose rapidly in the Quebec City area. In 2024, the average cost for a two-bedroom apartment increased by 11.4%, reaching $1,159 per month. This is the largest increase among the major Canadian cities, even though Quebec remains the most affordable in this area. By Alexandre Morin This price increase occurs while available housing is scarce. The rate of unoccupation in the Quebec City CMA remained below 1% for a second year in a row, well b…