Complete guide to buying a condo in 2025 in Quebec

19 Dec 2025

Buying a condo in Quebec in 2025 is an exciting endeavor, but one that requires careful preparation. This guide offers practical advice, an analysis of current real estate market trends, information on financing, and essential points to consider to make an informed choice.

1. Understanding the Quebec real estate market in 2025

In June 2025, the average sale price of a condo in Quebec reached $402,900, marking a 5.9% increase from the previous year. However, a slight drop of 2.8% was observed compared to the previous month. This trend highlights a certain market volatility, influenced by various economic and social factors.

2. Choosing the type of co-ownership: divided or undivided

It is crucial to distinguish between divided and undivided co-ownerships:

Divided co-ownership: You own your unit and a share of the common areas. Condo fees are generally higher, reflecting the services offered.
Undivided co-ownership: You hold a share of the entire building, without physical division of the units. Fees are often lower, but management can be more complex.

3. Financing: options and programs available

Several programs can facilitate your acquisition:

Home Buyers' Plan (HBP): Allows you to withdraw up to $60,000 from your RRSP for the down payment.
Tax-Free Savings Account for the Purchase of a First Property (TFSA-FP): Offers an annual contribution of $8,000, with a lifetime maximum of $40,000.

In August 2025, five-year fixed mortgage rates were around 4.04%, providing some stability for borrowers.

4. Condo fees: understanding and anticipating

Condo fees cover maintenance of the common areas and shared services. They vary depending on the services offered and the size of the building. It is essential to:

Review the financial statements of the condo corporation to assess the building’s financial health.
Check for the existence of a reserve fund for major repairs.

5. Common mistakes to avoid when buying a condo

To ensure a successful transaction, be vigilant about:

The condition of the property: Ensure the building’s financial strength and good management.
The condo bylaws: Familiarize yourself with the rules in force to avoid surprises.
Hidden fees: Plan for additional costs such as municipal taxes, home insurance, and notary fees.

6. Practical tips for a successful acquisition

To optimize your purchasing experience:

Conduct a thorough inspection: Identify potential work to be done.
Consult a professional: A real estate broker or a notary can guide you effectively.
Stay informed: Follow market trends and real estate news to adjust your buying strategy.

Sources

The information in this article is for general purposes only and may not reflect current laws or regulations. Verify any details with a qualified professional before making decisions. Some portions may have been created with AI assistance and should be confirmed for accuracy.

Written by Equipe Beehivr

Plumber - H9063