Real Estate in Quebec City, Canada
Last updated on Oct 02, 2024
Summary: The average cost of a nice 2 bedroom home in Quebec City, Canada is around $250,000 CAD. These properties typically include modern amenities such as stainless steel appliances, hardwood floors, and updated bathrooms. A nice 3 bedroom home in Quebec City will cost around $350,000 CAD. These properties typically include modern amenities such as stainless steel appliances, hardwood floors, and updated bathrooms. There are no restrictions on foreign ownership for properties in Quebec City. An expat should search for a home to buy in Quebec City by researching the local real estate market, looking at listings online, and visiting the area to get a better feel for the neighborhoods. The most desirable neighborhoods in Quebec City are the Old City, Saint-Roch, and Limoilou. These neighborhoods offer a variety of amenities, including restaurants, shops, and parks. They are also close to the city center and have easy access to public transportation.
How do I find a place to live in Quebec City?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"To find a place to live in Quebec City, there are a few options: searching rental websites, checking local newspapers and classifieds, asking family and friends, or looking into temporary accommodation or subletting while you find something more permanent. You can also look into the Quebec government's website, which can provide information on housing, subsidies and other programs that are available in the area. Additionally, real estate agents, rental agencies, and apartment buildings can be useful when searching for a new home. Whichever method you choose, make sure to schedule viewings as soon as possible as it is a competitive market to find a place to live," said one expat who made the move to Quebec City.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Quebec City?
"In Quebec City, expat homes and apartments are generally located in downtown core, or the surrounding neighborhoods. They are often made up of detached or semi-detached homes, townhomes, and condos, depending on the budget and needs of the expats. Expat homes and apartments in Quebec City typically include modern and up-to-date amenities, appliances, and fixtures. The buildings are also located close to parks, schools, and other attractions around the city," remarked one foreigner who made the move to Quebec City.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Quebec City?
If you are thinking about moving to Quebec City, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Quebec City varies depending on the type, location and size of the property. On average, renting an apartment or a house in Quebec City can cost between $800 and $1300 per month, while the median price for buying a property is around $260,000," said one expat who made the move to Quebec City.
Should I buy or rent a home in Quebec City?
If you have not spent a lot of time in Quebec City, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Quebec City can be a great investment. If you plan to stay in Quebec City for a long period of time, it might makes sense to buy. When you buy a home you have the ability to customize the home, build equity over time through mortgage payments, and enjoy the benefits of home ownership. You can also take advantage of any applicable tax deductions. On the other hand, you might benefit from renting a home or an apartment. Renting is generally less expensive than buying, and it also allows you more mobility should you decide to move after a few years. Additionally, renting can be less risky because you don't have to worry about potential legal or financial complications associated with buying and selling a home," said one expat in Quebec City.
What do I need to know when buying property in Quebec City?
When we asked expats what advice they would give a foreigner before buying a property in Quebec City, they said:
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the local laws and regulations regarding property ownership in Quebec City. 3. It is important to understand the taxes and fees associated with purchasing property in Quebec City. 4. It is important to understand the zoning regulations in the area and the potential for future development. 5. It is important to understand the local infrastructure and amenities available in the area. 6. It is important to understand the local climate and weather patterns in Quebec City. 7. It is important to understand the local culture and customs in Quebec City. 8. It is important to understand the local job market and economic conditions in Quebec City. 9. It is important to understand the local transportation options in Quebec City. 10. It is important to understand the local schools and educational opportunities in Quebec City," explained one person living in Quebec City, Canada.
Are foreigners allowed to own property in Quebec City?
When we asked expats what advice they would give a foreigner before buying a property in Quebec City, they said...
"Yes, foreigners are allowed to own property in Quebec City. Non-residents of Canada are able to purchase real estate in the province of Quebec, however, they must obtain a Certificate of Authorization from the Ministère des Finances du Québec in order to do so. The Certificate of Authorization is a document that allows non-residents to purchase real estate in Quebec without having to pay the additional taxes that would normally be required. Additionally, non-residents must also obtain a mortgage from a Canadian financial institution in order to purchase property in Quebec," explained one person living in Quebec City, Canada.
What appliances are typically included in a rental?
We asked foreigners in Quebec City what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In a rental property in Quebec City, tenants can typically expect to find a refrigerator, stove, dishwasher, and washer and dryer. Depending on the property, other appliances such as a microwave, toaster oven, and coffee maker may also be included," said one in Quebec City.
Additional Information about Searching for a Home in Quebec City:
We asked foreigners in Quebec City what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Quebec City can search online for real estate listings, or contact a local real estate agent for assistance. They can also search for rental properties on websites such as Craigslist or Kijiji, or look for postings in local newspapers. Additionally, expats can attend open houses or visit local real estate offices to get a better feel for the area and the types of homes available," remarked one foreigner who made the move to Quebec City.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.