Inflation-adjusted prices · Kirkland · 2016-2026
The median condo price in Kirkland every year since 2016, as posted and converted to 2026 dollars with Quebec's consumer price index: what the condo really gained above inflation, the years of real decline, the peak in purchasing power, and the condo alongside. Public figures, not estimates.
In Kirkland, the median condo went from $234,000 in 2016 to $486,000 in 2026 (Jan. to Sept.), +108% in current dollars. But a 2016 dollar is worth $1.32 of 2026: Quebec's consumer price index rose 31.5% over the period. In 2026 dollars, the 2016 condo was worth $307,777; the real increase, the one above inflation, is therefore +58%, in line with the 49 cities tracked (median +56%). Since the 2022 peak, it is another story: +8% in current dollars but -4% in constant dollars, the condo has lost real value. Sources: Centris, Statistics Canada, compiled October 8, 2026.
The short answer
In Kirkland, the median condo went from $234,000 in 2016 to $486,000 in 2026 (Jan. to Sept.), +108% in current dollars. But a 2016 dollar is worth $1.32 of 2026: Quebec's consumer price index rose 31.5% over the period. In 2026 dollars, the 2016 condo was worth $307,777; the real increase, the one above inflation, is therefore +58%, in line with the 49 cities tracked (median +56%). Since the 2022 peak, it is another story: +8% in current dollars but -4% in constant dollars, the condo has lost real value.
Posted price and price in 2026 dollars, by year
| Year | Median price (current dollars) | Quebec CPI | Price in 2026 dollars | House in 2026 dollars |
|---|---|---|---|---|
| 2016 | $234,000 | 125.6 | $307,777 | $627,392 |
| 2017 | $245,000 | 126.9 | $318,944 | $723,808 |
| 2018 | $285,000 | 129.0 | $364,977 | $761,969 |
| 2019 | $298,750 | 131.7 | $374,742 | $796,522 |
| 2020 | $366,500 | 132.8 | $455,917 | $870,783 |
| 2021 | $448,250 | 137.8 | $537,380 | $1,022,610 |
| 2022 | $448,500 | 147.0 | $504,029 | $1,088,410 |
| 2023 | $470,000 | 153.6 | $505,495 | $965,818 |
| 2024 | $425,000 | 157.2 | $446,628 | $956,310 |
| 2025 | $426,000 | 161.0 | $437,113 | $900,904 |
| 2026 (Jan. to Sept.) | $486,000 | 165.2 | $486,000 | $955,000 |
Median price of condos sold in Kirkland, Centris (Matrix). Quebec all-items CPI, Statistics Canada, annual average (2026: January to August). 2026 dollars = price × 2026 CPI ÷ year's CPI.
What ten years in constant dollars say in Kirkland
- Ten years: +108% in current dollars, +58% in 2026 dollars, or 7.6% a year nominal and 4.7% a year above inflation. On the 2016 price, inflation ate $73,777: the condo gained $252,000 on paper and $178,223 in purchasing power.
- The peak in constant dollars is 2021 ($537,380 of 2026); in 2026, the condo is 10% below that real peak. Years of real decline: 2022, 2024, 2025; years of decline in current dollars: 2024.
- Since 2021: +8% in current dollars, -10% in constant dollars; since 2022: +8% against -4%. The inflation of 2022 (6.7%) and 2023 (4.5%) absorbed a good part of the posted increases.
- The median house in Kirkland: $477,000 in 2016 ($627,392 of 2026) and $955,000 in 2026, +52% in constant dollars against +58% for the condo (condo prices in Kirkland adjusted for inflation).
- Across the 49 cities tracked, the median nominal increase is +106% and the real increase +56% since 2016; since 2022, +2% in real terms. The condo fell in constant dollars in 2023 in 37 cities, and 32 cities are still below their real peak; 18 have lost real value since 2022.
What it changes for buying or selling in Kirkland
In Kirkland, the condo beat inflation by 58 points in ten years: about half of the posted increase is true gain, the other half is the cost of living rising at the same time. Since 2022, the real increase is -4%: prices are still rising, but at roughly the pace of inflation. For a seller, it is a market where the price holds; for a buyer, it is a market where waiting no longer gains purchasing power, because rent and savings suffer the same inflation. The monthly payment the condo takes today is in condo mortgage payment in Kirkland; the rent alongside, in rent or buy a condo in Kirkland.
How to read these figures
One price per year for all of Kirkland, twice: as posted, and as it is worth in today's dollars. The second is the only one that says whether an owner got richer: if the condo and groceries rise by the same percentage, nobody gained. The CPI is Quebec's, not the city's; local differences in the cost of living are not taken into account. The median moves from one year to the next with the mix of condos sold, especially in small cities: read three or four year trends, not a single year.
Frequently asked questions
How much has the condo really risen in Kirkland since 2016?
+58% in constant dollars ($307,777 of 2026 in 2016 against $486,000 in 2026), for a posted increase of +108%. Quebec inflation was 31.5% over the period.
Is the condo losing real value in Kirkland since 2022?
Yes: -4% in constant dollars since 2022, even though the posted price rose +8%. The real peak is 2021 and the condo is 10% below it in 2026.
Why adjust prices for inflation?
Because inflation is the true benchmark. An investment that makes +108% in ten years while the cost of living rises 31.5% returns +58% of purchasing power, or 4.7% a year; that is the figure to compare with a TFSA or with rent, not the posted curve.
Sources: Centris (Matrix), Statistics module, September 16, 2026 query for the municipality of Kirkland, median sale price of condos and condos by year; Statistics Canada, table 18-10-0004, all-items consumer price index, Quebec, annual average; compiled by the Loaa & Manseur team, aggregates only, current year partial. The inflation-adjusted prices in 49 cities hub compares the 49 cities.
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Also available in French: version française de ce guide.
Published September 7, 2026 by the Loaa & Manseur team, the number 1 team at RE/MAX Platine in 2024 and 2025, 6th RE/MAX team in Quebec, 15th in Canada and in the global top 50 according to the official RE/MAX ranking. Tell us about your project.