Single-family median price, Sherbrooke CMA
$490,750As of Q3 2026.Source
Residential sales, Sherbrooke CMA
569 (up 12%)As of Q3 2026.Source
Single-family median price, Fleurimont sector
$410,000As of Q3 2026.Source
Population of Sherbrooke
172,950As of 2021 Census.Source
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Sherbrooke is the largest city of the Eastern Townships, and this autumn it is moving against the provincial trend. Prices are rising and sales are up, which is the opposite of what Montreal and Gatineau report.

Sherbrooke medians and the equity they point to

The APCIQ and QPAREB third-quarter 2026 release counted 569 residential transactions in the Sherbrooke metropolitan area, up 12% on the year, with single-family sales up 23% while condo sales fell 6% and plex sales fell 25%. Listings on Centris numbered 825, up 17%, but still below the area’s historical average, and new listings were being absorbed quickly for houses. The single-family median was $490,750 (up 7%), the condo median $327,000 (up 4%) and the plex median $544,500 (down 1%). Houses sold in an average of 33 days, plexes in 54 and condos in 77.

Sector figures sit lower. Centris shows a Q3 median of $410,000 for a single-family home in Fleurimont (up 3%) and $442,500 in Les Nations (up 4%), with a condo median of $323,000 in Les Nations. Across the Estrie region the house median was $490,000. Sherbrooke grew 7.2% to 172,950 residents by 2021, the fastest growth of the Quebec cities we cover.

Fleurimont houses and plexes against the ceiling

In Sherbrooke a second mortgage is a second hypothec (deuxième hypothèque). The Financial Consumer Agency of Canada’s usual limit is 80% of the appraised value minus the mortgage balance, and individual lenders may set another. In the Fleurimont example, a $270,000 first hypothec leaves $58,000 of room and $23,000 after a $35,000 loan. In the plex example, a $380,000 first hypothec leaves $55,600, and a $60,000 loan is $4,400 too big.

Rising prices make the cushion bigger, but only if the appraisal agrees. Use the calculator with your sector’s number, not the city’s.

Sherbrooke’s welcome tax and other charges

Sherbrooke collects a welcome tax (taxe de bienvenue) when a property changes hands, and the rates above the first brackets are set by the City. We could not open Sherbrooke’s rate schedule for this page, so we quote no figure. For a purchase, your notary calculates it. A second hypothec on a home you keep is not a transfer, and we found no duty on it.

You pay the notary for the deed and its registration, an appraisal and any lender fee. On a $35,000 loan these costs are a large share of what you borrow, so add them up before you decide. Our home equity loan page explains how that product’s costs differ.

Land beyond the city

The CIEMCQ release noted that sales and listings grew less in Magog and around Sherbrooke than in the city itself. If your home is a rural lot, an acreage or a lake property, a city or sector median is a weak guide, and appraisals may take longer and lenders may be fewer. Read second mortgages on rural property.

When a bank has said no

A decline at a bank is about income, credit and debt service as much as equity. A B lender or private lender may look harder at the property and ask a higher price for the risk, which is why total cost and the exit plan matter. Read second mortgages from B lenders before accepting terms.

Reading a rising market without leaning on it

When prices are rising it is tempting to size a loan to next year’s value. A lender will not, and you should not. The Sherbrooke house median rose 7% to $490,750 in a year, but the plex median edged down 1% and condos took 77 days to sell, 17 more than a year earlier. Two of the three property types are not rising in step with houses.

In Fleurimont, house sales jumped 33% in the quarter to 79 while active listings rose 16% to 58. In Les Nations, house sales rose 28% to 72 and listings 10% to 82. Those are small numbers, so one busy month can swing a median several per cent either way.

Use today’s median, subtract a margin, and treat any further gain as a bonus. Then ask what happens to your plan if prices only hold steady.

Keep your hypothec statement and the deed copy at hand, and ask the notary which fees come due before signing and which come after. A written list avoids surprises on closing day.

A professional to ask in Sherbrooke

The Quebec page sets out who licenses mortgage professionals and what to ask. If you want a second opinion on your Sherbrooke numbers, work through your options.

A Fleurimont house at the Q3 2026 single-family median, with a $35,000 loan

The $410,000 value is the Centris Q3 2026 median single-family price in the Fleurimont sector of Sherbrooke, used as a stand-in for an appraised value. The $270,000 first hypothec and the $35,000 loan are made up. The 80% ceiling is the one the Financial Consumer Agency of Canada gives for a second mortgage; a Quebec lender may use another figure.

Home value used
$410,000
80% of the property value
$328,000

$410,000 x 0.80

Room under the ceiling before any loan
$58,000

$328,000 minus $270,000

Combined loan-to-value with a $35,000 loan
74.4%

$305,000 / $410,000

Room left under the ceiling after the loan
$23,000

The loan fits with a cushion of $23,000. Rising values would add to that over time, and a fall of about 7% in the appraised value would use it up.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

A Sherbrooke plex at the Q3 2026 metropolitan plex median

The $544,500 value is the APCIQ Q3 2026 median price for a plex in the Sherbrooke CMA, used as a stand-in for an appraised value. The $380,000 first hypothec and the $60,000 loan are made up.

Property value used
$544,500
80% of the property value
$435,600

$544,500 x 0.80

Room under the ceiling before any loan
$55,600

$435,600 minus $380,000

Combined loan-to-value with a $60,000 loan
80.8%

$440,000 / $544,500

Amount a $60,000 loan overshoots the ceiling by
$4,400

The plex median edged down 1%, and a $60,000 loan is $4,400 too large for this ceiling. Trimming the loan to about $55,600 would fit.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

Questions people ask

Are Sherbrooke prices rising faster than the rest of Quebec?

On the third-quarter 2026 figures, yes. The Sherbrooke CMA single-family median rose 7% to $490,750, against 2% for the Montreal CMA and 2% for Quebec City, and the release says Gatineau fell 3%. The Estrie region as a whole rose 8% for houses.

Why are Sherbrooke condos slow to sell?

Condos averaged 77 days to sell in Q3 2026, 17 days more than a year earlier, against 33 days for single-family homes. Condo listings and the number of buyers differ from houses, and a lender will weigh that when it values a unit.

Do Sherbrooke's sectors differ in price?

Yes. Centris showed a Q3 2026 single-family median of $410,000 in Fleurimont, $442,500 in Les Nations and $490,000 across the Estrie region. Condos were $323,000 in Les Nations. A sector figure is a better stand-in than the city or region average.

What about a home outside Sherbrooke, such as near Magog?

The CIEMCQ release said sales and listings rose less in Magog and around Sherbrooke than in the city itself. Homes outside the city are valued on their own sales, and rural or acreage properties can take longer to appraise.

Is inventory growing in Sherbrooke?

Yes, but from a low base. Centris-based Q3 2026 data showed 825 listings, up 17%, still below the area's historical average, and new listings were being absorbed quickly for houses. That supports values for now.

Nearby cities

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Sources