Rimouski, capital of the Bas-Saint-Laurent region, offers one of Quebec’s most affordable real estate markets. With UQAR university, a solid maritime economy and exceptional quality of life, the city attracts both first-time buyers and investors. Here are the key figures for 2026.
1. Market overview
Rimouski has approximately 50,000 residents and serves as the economic and service hub of the Bas-Saint-Laurent region. Its real estate market is characterized by prices well below major cities and stable demand driven by educational institutions and public services.
Single-family median
$265,000, which is 53% below Montreal’s median ($550,000).
Average selling time
55 days on average, indicating a balanced market.
List-to-sale price ratio
98%, indicating moderate negotiations and a stable market.
Local economy
Maritime, healthcare (regional hospital), education (UQAR, Cégep) and government services.
2. Prices by property type
Here are the median prices by property type in Rimouski in 2026, compared to Montreal:
| Property Type | Rimouski | Montreal | Difference |
|---|---|---|---|
| Single-family | $265,000 | $550,000 | − 52% |
| Condo | $175,000 | $400,000 | − 56% |
| Plex (2-5 units) | $310,000 | $725,000 | − 57% |
| Residential lot | $45,000 | $250,000 | − 82% |
3. Monthly payment vs Montreal
Let’s compare the monthly payment for a single-family home in Rimouski versus Montreal, with a 10% down payment and a 4.5% rate over 25 years.
Monthly payment comparison
Rimouski — Single-family $265,000
• Down payment (10%): $26,500
• Mortgage + CMHC premium: ~$246,000
• Monthly payment: ~$1,085/month
Montreal — Single-family $550,000
• Down payment (10%): $55,000
• Mortgage + CMHC premium: ~$511,000
• Monthly payment: ~$2,250/month
Monthly savings: $1,165/month by buying in Rimouski instead of Montreal, or $13,980/year more in your budget.
4. Neighborhoods to watch
Here are the most promising areas for buying or investing in Rimouski in 2026:
Downtown
Close to services, shops and restaurants. Strong demand for condos and small plexes. Ideal for young professionals.
UQAR / Cégep area
Over 7,000 students generate constant rental demand. Among the best rental yields in the region.
Le Bic
Residential area prized for its quality of life, national park and proximity to the St. Lawrence. Slightly higher prices but strong demand.
Rimouski-Est / Industrial-port sector
Growth potential linked to maritime development and infrastructure projects. Prices still very accessible.
5. Rental investment
Rimouski offers significant advantages for rental investment. UQAR and Cégep de Rimouski welcome over 7,000 students, generating stable and recurring rental demand. The healthcare sector (regional hospital) and government services employ thousands of workers seeking housing.
With low purchase prices and relatively stable rents, gross rental yields often range between 5% and 7%, significantly higher than Montreal’s typical 3-4%. A duplex at $310,000 generating $2,200/month in rental income offers a gross yield of 8.5%.
To learn more about rental investment strategies, read our guide to rental property investment for beginners in Quebec 2026.
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