Plexes for sale · Quebec City · Centris 2016-2026
The number of plexes for sale in Quebec City at each month-end, and the number of new listings, year by year since 2016: the peak, the frenzy trough, the absorption rate, months of inventory, and the comparison with single-family houses and condos in the same city. Centris figures, not estimates.
In Quebec City, an average of 223 plexes (2 to 5 unit buildings) were for sale on Centris at each month-end in 2026 (January to September), against 537 in 2016: plex inventory is 42% of what it was ten years ago, one of the steepest declines among the 23 cities tracked (median 58%). The trough was 2025 (191 plexes, -66% from the 2018 peak); since then, inventory has climbed back 17%. The result in 2026: 3.8 months of inventory for plexes (seller's market) against 2.1 for single-family houses (seller's market) and 3.0 for condos. Plexes sell 1.7 months more slowly than houses in Quebec City: an income-property buyer has time to run the numbers, and the seller must list at the price the rents justify. Source: Centris (Matrix), compiled October 7, 2026.
The short answer
In Quebec City, an average of 223 plexes (2 to 5 unit buildings) were for sale on Centris at each month-end in 2026 (January to September), against 537 in 2016: plex inventory is 42% of what it was ten years ago, one of the steepest declines among the 23 cities tracked (median 58%). The trough was 2025 (191 plexes, -66% from the 2018 peak); since then, inventory has climbed back 17%. The result in 2026: 3.8 months of inventory for plexes (seller's market) against 2.1 for single-family houses (seller's market) and 3.0 for condos. Plexes sell 1.7 months more slowly than houses in Quebec City: an income-property buyer has time to run the numbers, and the seller must list at the price the rents justify.
New listings, sales and plexes for sale per year
| Year | New listings | Sales | Absorption | Active, monthly average | Active, end of period | Months of inv., plexes | Months of inv., houses | Months of inv., condos |
|---|---|---|---|---|---|---|---|---|
| 2016 | 1,093 | 518 | 47% | 537 | 549 | 12.4 | 9.5 | 19.9 |
| 2017 | 1,070 | 526 | 49% | 550 | 545 | 12.5 | 9.1 | 17.0 |
| 2018 | 1,057 | 536 | 51% | 559 | 524 | 12.5 | 8.3 | 15.9 |
| 2019 | 1,068 | 553 | 52% | 549 | 502 | 11.9 | 7.2 | 13.6 |
| 2020 | 848 | 698 | 82% | 363 | 274 | 6.2 | 4.1 | 8.3 |
| 2021 | 1,045 | 750 | 72% | 308 | 289 | 4.9 | 2.7 | 4.7 |
| 2022 | 1,044 | 653 | 63% | 316 | 304 | 5.8 | 2.5 | 3.7 |
| 2023 | 911 | 556 | 61% | 298 | 306 | 6.4 | 2.6 | 4.0 |
| 2024 | 881 | 723 | 82% | 255 | 177 | 4.2 | 1.9 | 2.9 |
| 2025 | 932 | 746 | 80% | 191 | 159 | 3.1 | 1.5 | 2.1 |
| 2026 (Jan. to Sept.) | 861 | 494 | 57% | 223 | 294 | 3.8 | 2.1 | 3.0 |
Income property category (2 to 5 unit plexes), whole municipality of Quebec City, Centris (Matrix). Absorption: sales ÷ new listings of the same year. Months of inventory: active ÷ monthly sales. 2026: nine months (houses: eight months, September 30 harvest).
What ten years of inventory say about plexes in Quebec City
- Four markets in ten years in Quebec City: 550 plexes for sale on average in 2016-2019, 316 during the 2020-2022 frenzy, 276 when high rates returned, 191 in 2025 and 223 in 2026.
- Inventory peak: 2018 (559); trough: 2025 (191). Between the two, the choice offered to an income-property buyer was divided by 2.9.
- New listings: 1,093 in 2016 at the high, 848 in 2020 at the low, 932 in 2025. 15% fewer plexes are being listed than in 2016: owners are keeping their buildings.
- Absorption rate (year's sales ÷ new listings): 47% in 2016, 72% in 2021, 80% in 2025. More than seven plexes listed out of ten find a buyer within the year.
- Plex months of inventory (plexes for sale ÷ monthly sales): 12.4 in 2016, 4.9 in 2021, 3.1 in 2025, 3.8 in 2026. Under 4 months, the seller leads; above 6, the buyer.
- Plex versus house in Quebec City: 3.8 months of inventory against 2.1 in 2026; in 2016 it was 12.4 against 9.5. House inventory is 25% of 2016, plex inventory 42%. Condos, for their part, stand at 3.0 months: the plex is the slowest of the three products in Quebec City.
- 2026 (Jan. to Sept.) versus 2025: average plex inventory is up 17% (191 to 223), and new listings are running at 1,148 at an annual pace (+23%, a simple twelve-month projection). End of September 2026: 294 active plexes.
- Across the 23 cities tracked, 2026 plex inventory is a median 58% of 2016 (houses: 46%, condos: 65%), it is climbing versus 2025 in 15 cities, plexes sell at least a month more slowly than houses in 22 cities and they are the slowest of the three products in 8.
What it changes when selling or buying a plex in Quebec City
At 3.8 months of inventory, the plex in Quebec City is still a seller's market in 2026: in 6 of the 23 cities tracked, plexes are already back in a buyer's market, not here. A well-listed building with rents at market gets showings in its first week. A buyer needs to arrive pre-approved with the math done; for a seller, the risk is not failing to sell, it is selling under what the rents are worth. Houses, meanwhile, remain at 2.1 months: a plex is an investment and sells like one, on the numbers, taking the time it takes. The sector's price per unit and multiplier are in plex prices in Quebec City.
How to read these figures
One count per year for all of Quebec City: what gets listed (flow), what is for sale (stock, month-end average) and what sells, for plexes only. All three come from Centris, brokers' listings; private sales, frequent for small buildings, are not included. Stock is the measure that explains price: when it climbs, each investor has more choice and negotiates on the multiplier. The pages plex prices in Quebec City and price per unit in Quebec City read the same buildings from the price and income side.
Frequently asked questions
How many plexes are for sale in Quebec City in 2026?
An average of 223 plexes (2 to 5 units) active on Centris at each month-end in 2026 (January to September), 294 at the end of September. In 2016 it was 537.
Is plex inventory coming back in Quebec City?
Yes: 223 in 2026 against 191 in 2025 (+17%), and 191 at the 2025 trough. We remain at 42% of 2016 inventory.
Do plexes sell more slowly than houses in Quebec City?
Yes, clearly: 3.8 months of inventory for plexes against 2.1 for houses in 2026. A plex is bought on its numbers: the buyer waits for the leases, the tax statements and the financing, and a building listed above what the rents justify stays listed; a house is bought to live in, by far more buyers.
Source: Centris (Matrix), Statistics module, queries of October 7, 2026 for the municipality of Quebec City: Income property category, new listings and active listings by month over ten years, aggregated by year; plex sales per year from the September 16, 2026 query; single-family houses: queries of September 30, 2026; condominiums: queries of October 7, 2026; compiled by the Loaa & Manseur team, aggregates only, current year partial. The plexes for sale and inventory in 23 cities hub compares the 23 cities.
Our other data series in Quebec City, from the same Centris listings:
- How many homes for sale in Quebec City, ten years
- How many condos for sale in Quebec City, ten years
- Buyer's or seller's market in Quebec City
Each series is recalculated from actual sales, aggregates only.
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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.