Inflation-adjusted prices · Saguenay · 2016-2026
The median condo price in Saguenay 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 Saguenay, the median condo went from $152,000 in 2016 to $287,000 in 2026 (Jan. to Sept.), +89% 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 $199,924; the real increase, the one above inflation, is therefore +44%, one of the weakest among the 49 cities tracked (median +56%). Since the 2022 peak, it is another story: +47% in current dollars but +30% in constant dollars, still a real increase. Sources: Centris, Statistics Canada, compiled October 8, 2026.
The short answer
In Saguenay, the median condo went from $152,000 in 2016 to $287,000 in 2026 (Jan. to Sept.), +89% 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 $199,924; the real increase, the one above inflation, is therefore +44%, one of the weakest among the 49 cities tracked (median +56%). Since the 2022 peak, it is another story: +47% in current dollars but +30% in constant dollars, still a real increase.
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 | $152,000 | 125.6 | $199,924 | $224,585 |
| 2017 | $152,500 | 126.9 | $198,526 | $227,817 |
| 2018 | $157,000 | 129.0 | $201,057 | $224,109 |
| 2019 | $146,000 | 131.7 | $183,137 | $225,410 |
| 2020 | $160,000 | 132.8 | $199,036 | $236,355 |
| 2021 | $165,500 | 137.8 | $198,408 | $257,750 |
| 2022 | $195,750 | 147.0 | $219,986 | $273,086 |
| 2023 | $220,000 | 153.6 | $236,615 | $279,635 |
| 2024 | $242,000 | 157.2 | $254,316 | $310,013 |
| 2025 | $266,600 | 161.0 | $273,555 | $347,843 |
| 2026 (Jan. to Sept.) | $287,000 | 165.2 | $287,000 | $366,000 |
Median price of condos sold in Saguenay, 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 Saguenay
- Ten years: +89% in current dollars, +44% in 2026 dollars, or 6.6% a year nominal and 3.7% a year above inflation. On the 2016 price, inflation ate $47,924: the condo gained $135,000 on paper and $87,076 in purchasing power.
- The peak in constant dollars is 2026 ($287,000 of 2026); 2026 is that peak. Years of real decline: 2017, 2019, 2021; years of decline in current dollars: 2019.
- Since 2021: +73% in current dollars, +45% in constant dollars; since 2022: +47% against +30%. The inflation of 2022 (6.7%) and 2023 (4.5%) absorbed a good part of the posted increases.
- The median house in Saguenay: $170,750 in 2016 ($224,585 of 2026) and $366,000 in 2026, +63% in constant dollars against +44% for the condo (condo prices in Saguenay 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 Saguenay
In Saguenay, the ten-year increase is largely inflation: +89% posted, +44% of true gain. An owner who bought in 2016 gained purchasing power, but less than the price curve suggests, and one who bought in 2022 gained almost nothing in constant dollars. For a seller, it means the asking price must follow recent sales and not the memory of 2022; for a buyer, it is a market where the real price is stable, so the choice of condo matters more than the choice of timing. The monthly payment the condo takes today is in condo mortgage payment in Saguenay; the rent alongside, in rent or buy a condo in Saguenay.
How to read these figures
Each year's price is the median price of condos sold in Saguenay (Centris, September 16, 2026 query). The CPI is Statistics Canada's all-items consumer price index for Quebec (table 18-10-0004), annual average; 2026 is the average of January to August. The price in 2026 dollars multiplies the year's price by the ratio of the 2026 CPI to the year's CPI: it is what the same condo would have cost if the dollar had not lost value. The real increase is the increase of that adjusted price; it measures the gain in purchasing power, not the gain in dollars.
Frequently asked questions
How much has the condo really risen in Saguenay since 2016?
+44% in constant dollars ($199,924 of 2026 in 2016 against $287,000 in 2026), for a posted increase of +89%. Quebec inflation was 31.5% over the period.
Is the condo losing real value in Saguenay since 2022?
No: +30% in constant dollars since 2022, on top of 12.4% inflation. The real peak is 2026.
Why adjust prices for inflation?
Because inflation is the true benchmark. An investment that makes +89% in ten years while the cost of living rises 31.5% returns +44% of purchasing power, or 3.7% 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 Saguenay, 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.