# Trois-Rivieres' plex boom is becoming a volume story

Trois-Rivieres is attracting more income-property transactions, but that does not make the recent price trend a straight line. The archive shows a shift from exceptional plex median-price growth in winter to stronger transaction volume and more choice in spring.

Published 2026-09-08. Sources checked 2026-09-07.

## More deals, a less dramatic median

In Q1, the metropolitan area's plex median price was 27% above a year earlier, even as total residential sales fell 6%. By Q2, plex transactions had risen 48% to 80, but their median price was only 3% above the previous spring. Those figures measure different quarterly transaction samples. They establish a change in the mix of market signals, not a 24% fall in the value of an unchanged building.
[Q1 2026 regional market release](https://apciq.ca/en/des-marches-toujours-sous-pression-au-debut-de-2026-dans-les-rmr-de-sherbrooke-trois-rivieres-et-drummondville/)
[Q2 2026 provincial and regional market release](https://apciq.ca/en/quebecs-real-estate-market-gradually-rebalances-in-the-second-quarter/)

Alongside that shift, average active listings across all residential categories grew 7% year over year in Q1 and 34% in Q2. The combination suggests a market accommodating more transactions and more options, rather than one in which every additional investor must pay a rapidly rising price. The retained winter release matters because it prevents the latest volume surge from being mistaken for an acceleration of the earlier price boom.
[Q1 2026 regional market release](https://apciq.ca/en/des-marches-toujours-sous-pression-au-debut-de-2026-dans-les-rmr-de-sherbrooke-trois-rivieres-et-drummondville/)
[Q2 2026 provincial and regional market release](https://apciq.ca/en/quebecs-real-estate-market-gradually-rebalances-in-the-second-quarter/)

## The city is stronger than its surrounding market

Q2 sales rose 12% in the city of Trois-Rivieres but fell 7% in the outer municipalities. The CMA total, 437 transactions, was up 9%. Investors should also separate income properties from houses: house median prices rose 7%, and houses sold in 21 days on average. Plexes took 29 days, three more than a year earlier. A stronger transaction count therefore does not establish that every type of property or location has gained equal bargaining power.
[Q2 2026 provincial and regional market release](https://apciq.ca/en/quebecs-real-estate-market-gradually-rebalances-in-the-second-quarter/)

## Financing can test the investment case without stopping sales

Quebec's total residential sales fell 5% in Q2, making the local increase unusual within the province. APCIQ nevertheless reports weaker employment among 25-to-54-year-olds and slower population growth, both potential constraints on future rental absorption. Nationally, September's Bank of Canada decision held the policy rate at 2.25%, while longer-term yields had risen since July. An income-property purchase still has to work against actual debt costs and collected rents. Stronger transaction volume supplies neither a rent roll nor evidence that higher financing costs can be passed to tenants.
[Q2 2026 provincial and regional market release](https://apciq.ca/en/quebecs-real-estate-market-gradually-rebalances-in-the-second-quarter/)
[Bank of Canada September decision](https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/)

## Forecast: active trading, slower price leadership

Through March 2027, the base case is that plex median-price growth will stay below its exceptional Q1 pace even if transaction activity remains comparatively firm. That assumes stable local employment and continued availability of financing. A renewed double-digit plex price-growth rate across both forthcoming quarters, supported by shorter selling times rather than a handful of high-value sales, would challenge the call. Higher vacancy or weaker employment would create downside beyond this forecast. The absence of matched building-level transactions keeps confidence low.
[Q1 2026 regional market release](https://apciq.ca/en/des-marches-toujours-sous-pression-au-debut-de-2026-dans-les-rmr-de-sherbrooke-trois-rivieres-et-drummondville/)
[Q2 2026 provincial and regional market release](https://apciq.ca/en/quebecs-real-estate-market-gradually-rebalances-in-the-second-quarter/)
[Bank of Canada September decision](https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/)

## Evidence and forecast record

Claim-level sources, calculations, assumptions, counter-evidence and review details for this article.

[Observations, calculations and forecast record](/markets/qc/qc-trois-rivieres-market-outlook-2026-09-07.evidence.json)

## Sources

- [Q1 2026 regional market release](https://apciq.ca/en/des-marches-toujours-sous-pression-au-debut-de-2026-dans-les-rmr-de-sherbrooke-trois-rivieres-et-drummondville/): Q1 2026 versus Q1 2025, published April 15, 2026; original publication date in the release body, distinct from retained capture 2026-08-03T14:27:35.7124914 UTC.
- [Q2 2026 provincial and regional market release](https://apciq.ca/en/quebecs-real-estate-market-gradually-rebalances-in-the-second-quarter/): Q2 2026 versus Q2 2025, published July 14, 2026; original publication date in the release body, distinct from retained capture 2026-09-03T05:36:58.3694575 UTC.
- [Bank of Canada September decision](https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/): September 2 decision. Current primary source checked in shared national packet.

Prepared by Aurynge with AI-assisted research and writing. See /methodology for the evidence and publication policy.
