Inflation-adjusted prices · Varennes · 2016-2026
The median house price in Varennes every year since 2016, as posted and converted to 2026 dollars with Quebec's consumer price index: what the house really gained above inflation, the years of real decline, the peak in purchasing power, and the condo alongside. Public figures, not estimates.
In Varennes, the median house went from $281,000 in 2016 to $631,000 in 2026 (Jan. to Sept.), +125% 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 house was worth $369,596; the real increase, the one above inflation, is therefore +71%, in line with the 50 cities tracked (median +70%). Since the 2022 peak, it is another story: +17% in current dollars but +4% in constant dollars, barely inflation. Sources: Centris, Statistics Canada, compiled October 8, 2026.
The short answer
In Varennes, the median house went from $281,000 in 2016 to $631,000 in 2026 (Jan. to Sept.), +125% 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 house was worth $369,596; the real increase, the one above inflation, is therefore +71%, in line with the 50 cities tracked (median +70%). Since the 2022 peak, it is another story: +17% in current dollars but +4% in constant dollars, barely inflation.
Posted price and price in 2026 dollars, by year
| Year | Median price (current dollars) | Quebec CPI | Price in 2026 dollars | Condo in 2026 dollars |
|---|---|---|---|---|
| 2016 | $281,000 | 125.6 | $369,596 | $222,283 |
| 2017 | $295,200 | 126.9 | $384,295 | $229,119 |
| 2018 | $308,000 | 129.0 | $394,431 | $221,547 |
| 2019 | $340,000 | 131.7 | $426,484 | $229,235 |
| 2020 | $395,000 | 132.8 | $491,370 | $240,709 |
| 2021 | $490,000 | 137.8 | $587,431 | $311,578 |
| 2022 | $540,000 | 147.0 | $606,857 | $342,762 |
| 2023 | $533,900 | 153.6 | $574,221 | $318,892 |
| 2024 | $580,000 | 157.2 | $609,517 | $336,285 |
| 2025 | $674,900 | 161.0 | $692,506 | $354,000 |
| 2026 (Jan. to Sept.) | $631,000 | 165.2 | $631,000 | $358,000 |
Median price of single-family houses sold in Varennes, 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 Varennes
- Ten years: +125% in current dollars, +71% in 2026 dollars, or 8.4% a year nominal and 5.5% a year above inflation. On the 2016 price, inflation ate $88,596: the house gained $350,000 on paper and $261,404 in purchasing power.
- The peak in constant dollars is 2025 ($692,506 of 2026); in 2026, the house is 9% below that real peak. Years of real decline: 2023, 2026; years of decline in current dollars: 2023, 2026.
- Since 2021: +29% in current dollars, +7% in constant dollars; since 2022: +17% against +4%. The inflation of 2022 (6.7%) and 2023 (4.5%) absorbed a good part of the posted increases.
- The median condo in Varennes: $169,000 in 2016 ($222,283 of 2026) and $358,000 in 2026, +61% in constant dollars against +71% for the house.
- Across the 50 cities tracked, the median nominal increase is +124% and the real increase +70% since 2016; since 2022, +6% in real terms. The house fell in constant dollars in 2023 in 40 cities, and 17 cities are still below their real peak; 11 have lost real value since 2022.
What it changes for buying or selling in Varennes
In Varennes, the house beat inflation by 71 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. What the house gained by year bought, in current dollars, is in house appreciation in Varennes; the monthly payment it takes today, in mortgage payment in Varennes.
How to read these figures
One price per year for all of Varennes, 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 house 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 houses sold, especially in small cities: read three or four year trends, not a single year.
Frequently asked questions
How much has the house really risen in Varennes since 2016?
+71% in constant dollars ($369,596 of 2026 in 2016 against $631,000 in 2026), for a posted increase of +125%. Quebec inflation was 31.5% over the period.
Is the house losing real value in Varennes since 2022?
No: +4% in constant dollars since 2022, on top of 12.4% inflation. The real peak is 2025, and 2026 is 9% below it.
Why adjust prices for inflation?
Because inflation is the true benchmark. An investment that makes +125% in ten years while the cost of living rises 31.5% returns +71% of purchasing power, or 5.5% 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 Varennes, median sale price of single-family houses 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 50 cities hub compares the 50 cities.
Our other data series in Varennes, from the same Centris listings:
Each series is recalculated from actual sales, aggregates only.
Our proof, not our promises
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.