Plex: sold vs asking · 23 cities · Centris 2016-2026
One page per city, same definitions, same source: the plex sale ÷ asking price ratio per year since 2016, the ratio on the original price to see price cuts, houses alongside, and the gap translated into dollars on the median plex.
Across the 23 cities tracked, a plex (2 to 5 units) sold at a median 98% of its asking price in 2026 (Jan. to Sep.), against 95% in 2016 and 98% at the 2021 peak. Plexes barely saw any bidding wars: they sold at asking or over in 2 cities in 2021 and 5 in 2022, while houses exceeded their price in 16 cities (100% at the median) and condos in 10. 13 of 23 cities never saw the average plex exceed its listed price. In 2026, plexes are negotiated more than houses in 15 cities and more than condos in 6; houses hold 99% and condos 98.5%. The highest ratios in 2026: Rouyn-Noranda (100%), Quebec City (100%), Lévis (99%); the lowest: Val-d'Or (98%), Victoriaville (98%), Montreal (97%). Source: Centris (Matrix), compiled October 7, 2026.
Average plex sale ÷ asking price ratio in 2016, 2021, 2022, 2025 and 2026 (Jan. to Sep.); the same ratio for houses and condos in 2026 (Jan. to Sep.); the year of the plex peak and its value. Income property category, Centris (Matrix).
| City | Plex 2016 | 2021 | 2022 | 2025 | 2026 | House 2026 | condo 2026 | Plex peak |
|---|---|---|---|---|---|---|---|---|
| Rouyn-Noranda | 96% | 98% | 98% | 99% | 100% | 99% | 98% | 2026 (100%) |
| Quebec City | 95% | 97% | 98% | 100% | 100% | 103% | 100% | 2026 (100%) |
| Lévis | 95% | 97% | 97% | 100% | 99% | 100% | 100% | 2025 (100%) |
| Mirabel | 97% | 99% | 100% | 98% | 99% | 99% | 99% | 2022 (100%) |
| Rimouski | 92% | 95% | 97% | 99% | 99% | 100% | 98% | 2024 (100%) |
| Trois-Rivières | 93% | 97% | 100% | 99% | 99% | 99% | 98% | 2022 (100%) |
| Granby | 95% | 98% | 99% | 98% | 99% | 99% | 99% | 2026 (99%) |
| Saguenay | 92% | 94% | 95% | 98% | 99% | 99% | 98% | 2026 (99%) |
| Sorel-Tracy | 91% | 95% | 97% | 98% | 99% | 99% | n/a | 2026 (99%) |
| Terrebonne | 97% | 99% | 99% | 98% | 99% | 100% | 99% | 2026 (99%) |
| Gatineau | 96% | 100% | 100% | 99% | 98% | 99% | 98% | 2022 (100%) |
| Longueuil | 95% | 100% | 99% | 99% | 98% | 99% | 99% | 2021 (100%) |
| Saint-Hyacinthe | 93% | 98% | 100% | 98% | 98% | 99% | 99% | 2022 (100%) |
| Sainte-Thérèse | 95% | 99% | 100% | 98% | 98% | 99% | 99% | 2022 (100%) |
| Joliette | 94% | 97% | 99% | 97% | 98% | 99% | n/a | 2022 (99%) |
| Laval | 96% | 99% | 98% | 98% | 98% | 99% | 98% | 2021 (99%) |
| Saint-Jean-sur-Richelieu | 95% | 98% | 99% | 97% | 98% | 99% | 99% | 2022 (99%) |
| Saint-Jérôme | 96% | 99% | 99% | 99% | 98% | 99% | 98% | 2025 (99%) |
| Sherbrooke | 95% | 98% | 98% | 99% | 98% | 100% | 98% | 2025 (99%) |
| Drummondville | 94% | 97% | 98% | 98% | 98% | 99% | n/a | 2026 (98%) |
| Val-d'Or | 96% | 98% | 97% | 98% | 98% | 98% | n/a | 2026 (98%) |
| Victoriaville | 96% | 96% | 96% | 98% | 98% | 98% | n/a | 2026 (98%) |
| Montreal | 96% | 99% | 98% | 98% | 97% | 98% | 98% | 2021 (99%) |
Plexes barely saw any bidding wars. In 2016, they sold at 95% of asking at the median of the 23 cities, houses at 96% and condos at 96%: roughly the same negotiation. Then the frenzy split the products. Houses reached 100% in 2021, at asking or over in 16 of 23 cities; condos followed at 100%, over asking in 10; plexes, for their part, climbed to 98% and reached or exceeded their asking price in only 2 cities in 2021 and 5 in 2022. 13 of 23 cities never saw the average plex exceed its listed price, even at the peak. The reason is in the buyer's math: an investor does not offer more than the rents justify, and 2021 rents had not moved the way house prices had. The rate hikes then brought negotiation back: 97% in 2023, 98% in 2025, 98% in 2026 (Jan. to Sep.), while houses held 99% and condos 98.5%. Plexes are now negotiated more than houses in 15 of 23 cities and more than condos in 6. The least negotiated plexes in 2026: Rouyn-Noranda (100%), Quebec City (100%), Lévis (99%); the most negotiated: Val-d'Or (98%), Victoriaville (98%), Montreal (97%).
The "sale price vs asking price" ratio is the average, for plexes sold in the year, of the sale price divided by the asking price in force at the sale, published by Matrix as a whole percentage. Above 100%, bidding wars win; below, negotiation. A 100% ratio does not mean every plex sold at its price: bidding wars and discounts offset each other. The house and condo columns come from our sold over asking and condo sold over asking pages, same definition in the Single-family and Condominium categories. Only cities with at least twenty plex sales a year are kept. 2026 stops in September. Each city page adds the ratio on the original price, which shows the price cuts made before the sale, and the gap translated into dollars on the median plex.
All series come from the Statistics module of Centris (Matrix), queried on October 7, 2026 with the same parameters for the 23 cities: Income property category, whole municipality (boroughs or sectors combined for Montreal, Quebec City, Laval, Longueuil, Gatineau, Lévis, Sherbrooke, Saguenay, Terrebonne, Repentigny), sale price vs asking price and vs original price ratios by year over ten years; plex sales and median price come from the September 16 query, houses from September 30 and condos from October 7. Only aggregates are published. The same cities have their plexes that do not sell, plex prices over ten years and plexes for sale and inventory pages.
Because their price is held by the rents. A house buyer decides with a budget and a heart, and in 2021 they bid over asking not to lose the house. A plex buyer divides the price by the building's income: if the multiplier exceeds what the lender accepts and what the rental market justifies, they do not offer more, even with three offers on the table. Rents in 2021 had barely moved while house prices jumped, which capped bidding wars on buildings. Since 2023 it is the reverse: rents are rising fast, rates are easing a little, and the price the math justifies is climbing back toward the asking price.
It takes at least twenty plex sales a year for an average ratio to mean something; cities below that threshold are not published. A broker from the team can pull the same ratio for any municipality or sector in Quebec.
Our other data series, all built from Centris listings:
Each series is recalculated from actual sales or leases, city by city, 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.
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.