Canada’s Oldest City Looks To The Future
Over the last few years, the real estate market in Quebec City has been mostly flat due to low population growth and a large inventory of homes for sales. The foreign buyer phenomenon which skyrocketed prices in Toronto, Vancouver and, to some extent, Montreal, hasn’t reached Quebec City. This is great for renters who can expect to pay under $900 a month for a 2-bedroom rental in a trendy spot. Compare that to a typical $2,000 a month Vancouver rental and it’s a steal.
Avg. rent by type and size:
Rents in Quebec City’s core are on average 6% higher than in the suburbs. Compared to Montreal Island, rents in Quebec City are 5% cheaper.
Typical housing type
Everything. In the Old City you’ll find historic old stone homes offering everything from a bachelor pad to a 3 bedroom unit. In the suburbs, you can get a cheap and affordable 1970s (or older) bungalow up to an expensive but trendy ultra-modern house.
When it comes to housing choices, the city is incredibly diverse. The good news is that there aren’t wild fluctuations in rental prices across neighborhoods. For example, a 2-bedroom on average across the city is $850 a month. This ranges from $720 in the Basse-Ville to 990$ in the Haute-Ville. This is a far cry from the fluctuations in major cities like Montreal where rent for a similar 2-bedroom in Anjou goes for $700 and over $1,500 in The Plateau. The hard choice comes from deciding which neighborhood suits you and your lifestyle best, rather than what you can or can’t afford.
The city’s focus on promoting French and curtailing English in public has limited certain cultures from establishing themselves there, with 94.6% of the population being native French speakers. Despite this, Quebec City has slowly embraced multiculturalism. Approximately 3-4% of its residents are visible minorities, however, in recent years, Quebec City has seen an influx of new cultures from the Americas settling in.
People of all ages live in Quebec City. Being the capital of Quebec, home to the Université Laval, the hub of vibrant tourism, commerce and manufacturing sectors, the city attracts a wide range of professionals of all ages.
Anyone who cherishes great work-life balance. Uncongested streets, quiet and safe neighborhoods and, proximity to amenities make it a great place for families, empty nesters, retirees and young professionals alike.
Those coming from big vibrant cities. Although Quebec City has world-class amenities, the absence of that big-city electrified air may leave some wanting more. While there’s hotspots, Quebec City doesn’t have Montreal’s Le Plateau or Toronto’s Entertainment District.
Life & Style
With fortified city walls, winding streets, historic buildings and the Château Frontenac, Quebec City feels more like a European than North American city. History and culture permeate every brick and sidewalk of this city. UNESCO-protected buildings prevent the core of the city from becoming a concrete and glass jungle. This creates a modern bohemian vibe, with some spots seamlessly blending history and trendiness. The absence of skyscrapers prevents the city from losing the human scale. Residents have everything they need but aren’t bombarded with constant stimulus.
Those who enjoy the great Canadian outdoors get to choose a wide range of activities during all seasons. The area is surrounded by pristine nature which makes for great hiking. To the north are the Larentian Mountains which offers downhill biking in the summer and world-class skiing in the winter.
Quebec City residents haven’t lost touch with their European ancestry and the French “joie de vivre” (cheerful enjoyment of life) is still very much present. The city’s inhabitants aren’t strangers to good food and wine and enjoy their spare time to the fullest. During festivals, residents mix in with the crowds of tourists for a good time, even in -20oC weather.
One thing to keep in mind in Quebec City is that the moving culture is a bit different than the rest of Canada. Some landlords don’t include appliances in the lease meaning you may have to move them from one rental to another. Leases are also up for renewals on July 1st. This may complicate the rental-seeking process as inventory isn’t available year-round. It also means you’ll have to recruit friends for moving day since movers are in high demand on July 1st.
Ranging from a vibrant art scene to quiet suburbs, Quebec city has it all. Nouveau Saint-Roch attracts the young bohemian crowd thanks to its fashionable eateries, shops and microbreweries. Everything is within a block or two from St-Joseph Street. On the other hand, Old Quebec (encompasses the Haute-Ville and Basse-Ville) houses the religious and administrative buildings, tourist attractions and, part of the LGBTQ community. Château Frontenac overlooks a thriving culinary scene and throngs of tourists who explore the old city’s cobblestone streets. Sainte-Foy-Sillery-Cap-Rouge is home to Université Laval and attracts young families and students alike. This part of the city offers a good work-life balance with proximity to work centres but also great parks and amenities. Beauport is experiencing a remarkable population growth and is attracting a young crowd. Expect this area to become a hip place to live in coming years. It’s also a great place to raise a family. Limoilou is a large borough, comprising almost 20% of the city’s population. Featuring some of the oldest architecture, Le Domaine de Maizerets and hiking trails, this is a perfect place to settle a family. Finally, energetic Montcalm has good vibes, great restaurants, bars and personality. Proximity to major landmarks like the Plains of Abrahams make this a great place to live.
- Old Quebec
- Basilique Cathédrale Notre-Dame-De-Quebec
- The Grande Allée
- The Citadelle
- Hotel du Parlement
- Governor General’s Residence
- L’Escalier cass-cou (Breakneck Steps)
- Artillery Park
- Promenade Samuel de Champlain
- The Fortifications
- Plains of Abraham
- The Fine Arts Museum
- Château Frontenac
- Videotron Centre
- Université Laval
- Montmorency Falls
- Aquarium du Québec