Buying · Sherbrooke and Magog · September 15, 2026
How a foreclosure comes about in Sherbrooke and Magog, which sectors to watch in 2026 according to the APCIQ, where to find it before others, and the checks that separate the bargain from the trap.
A foreclosure in Sherbrooke and Magog comes from a missed payment: the creditor registers a prior notice and gives the owner 60 days, then takes the immovable in payment, has it sold under judicial authority or sells it itself; the properties come back on Centris with the mention "reprise de finance", without legal warranty or seller's declaration. The region did what few regions did: +70% in five years for the single-family home in the Sherbrooke metropolitan area, +85% in Fleurimont, +75% in Magog, +73% in Les Nations, carried by remote workers and second-home buyers who came from Montreal in 2021-2022. Our free alert combines Centris, the land register and notices of judicial sale, by sector and budget.
It all starts with a missed payment. The hypothecary creditor registers a prior notice of the exercise of a hypothecary right in the land register and, for a mainly residential immovable, must give the owner 60 days to remedy the default, sell on their own or refinance. Then come three recourses: taking in payment (the creditor becomes the owner and resells, hence the French term "reprise de finance"), the sale under judicial authority (the court authorizes the sale, the immovable is awarded at the buyer's risk, without legal warranty) and the sale by the creditor. The properties then come back on the market, often on Centris with the mention "reprise de finance", generally without legal warranty and without a detailed seller's declaration. The full mechanics, the risks and our free alert are on our page on foreclosures in Quebec.
The region did what few regions did: +70% in five years for the single-family home in the Sherbrooke metropolitan area, +85% in Fleurimont, +75% in Magog, +73% in Les Nations, carried by remote workers and second-home buyers who came from Montreal in 2021-2022. Those buyers purchased at the peak, often on a variable rate or a short term, and renew in 2026-2027 at 4% and more. The first payment abandoned is the cottage's or the second house's: Magog ($585,000, +1% year over year, 63 days on market, the longest in the region, 132 listings) is the sector where supply is already piling up. In Sherbrooke, sales fell 12% in the second quarter and the condo sells in 50 days (-2%); student plexes bought on a variable rate are the other segment to watch. The market is not in crisis (the city sells in 23 days), but it is the Quebec region where the gap between the 2022 purchase price and the 2026 ability to pay is the widest
| APCIQ sector, Q2 2026 (single-family) | Median | 1 year | 5 years | Days |
|---|---|---|---|---|
| Sherbrooke metropolitan area | $490,000 | 5% | 70% | 34 |
| City of Sherbrooke | $460,000 | 7% | 76% | 23 |
| Les Nations | $491,000 | 13% | 73% | 22 |
| Fleurimont | $430,000 | 8% | 85% | 27 |
| Brompton, Rock Forest, Saint-Élie, Deauville | $457,750 | 3% | 73% | 21 |
| Magog | $585,000 | 1% | 75% | 63 |
| Sherbrooke outskirts | $690,500 | 10% | 58% | 51 |
Sherbrooke and Magog is not a single market: across 766 single-family sales analyzed between September 16, 2025 and September 16, 2026, the median house ranges from $460,000 in Sherbrooke to $575,000 in Magog, a 25% gap that changes a foreclosure's math entirely. Negotiation varies widely: the median discount on sales below asking is 2.5% in Sherbrooke and 3.5% in Magog, while the median time goes from 8 days in Sherbrooke to 22.5 days in Magog.
| City | Median price | Median time | Sold below asking | Median discount | Withdrawn without a sale | Price 2016 → 2026 |
|---|---|---|---|---|---|---|
| Sherbrooke | $460,000 | 8 d | 44% | 2.5% | 21% | +143% |
| Magog | $575,000 | 22.5 d | 68% | 3.5% | 35% | +175% |
The consequence for a foreclosure sold without a legal warranty: a 3% gap with comparables is a real bargain in Sherbrooke, but barely a normal negotiation in Magog; and in Magog, where 35% of ended listings were withdrawn without a sale against 21% in Sherbrooke, owners in difficulty struggle most to sell before the notice runs out.
Over ten years, the median house rose the most in Magog (+175%), and both cities are worth more today than at the 2022 peak: accumulated equity is what makes foreclosures rare in Sherbrooke and Magog, as owners sell on their own during the 60-day notice. On the inspection side, the oldest stock is in Magog (43% of houses sold were built before 1980) and the most recent in Sherbrooke (27%): you do not look for the same defects in a foreclosure in one and the other.
Source: Centris (Matrix), Single-family form: sales and ended listings between September 16, 2025 and September 16, 2026 (compiled September 17 and 18, 2026) and the municipality's 2016-2026 annual statistics (compiled September 16, 2026). Aggregates only, compiled by the Loaa & Manseur team.
During the 60-day period, you can sell on your own, often at market price, and protect your equity. It is almost always the best outcome. Our team can schedule an urgent free valuation, without judgment and in full confidentiality.
Magog is the sector to watch: 63 days on market, the longest in the region, 132 listings and +75% in five years, with many second homes bought at the 2021-2022 peak. A foreclosed cottage requires checking the well, the septic system, the access and the shoreline strip before the offer.
Rarely by much for a house, in a city that sells in 23 days. The negotiation is real on condos (50 days) and on student plexes bought on a variable rate, when you know how to price the work.
On Centris with the mention "reprise de finance", in the land register (registration divisions of Sherbrooke, Stanstead, Saint-François and Richmond) and through notices of sale under judicial authority; our free alert combines the three.
The Loaa & Manseur team, led by Lotfi Manseur and Loaa Al Daow, is 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 of large residential teams according to the official RE/MAX ranking, computed on actual transactions. Its Google profile counts more than 220 reviews with a 4.9 rating. Its offices are at 55 avenue de l'Équinoxe in Brossard, one bridge from the island, and every broker's licence can be checked in the OACIQ public register. Three things to verify yourself before calling us, and to demand of any other broker.
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.
Équipe no 1 de RE/MAX Platine en 2024 et en 2025, 6e au Québec, 15e au Canada et dans le top 50 mondial au classement officiel RE/MAX. Réponse en moins de 24 heures, sept jours sur sept.