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3-5"/></symbol>80</svg>8182<a class="skip" href="#main">Aller au contenu</a>83<header class="topbar">84 <div class="topbar-inner">85 <a class="brand" href="/" aria-label="IMM1003 — accueil"><img class="brand-logo" src="/assets/brand/uqo-logo.png" alt="UQO" width="568" height="238"><span class="brand-sep"></span><span class="brand-text"><span class="brand-code">IMM1003</span><span class="brand-title">Éléments d’évaluation immobilière</span></span></a>86 <nav class="topnav" aria-label="Navigation principale"><div class="dd"><button type="button" aria-expanded="false" aria-haspopup="true">Séances <span class="caret" aria-hidden="true">▾</span></button><div class="dd-menu wide"><div class="dd-part"><i style="background:#2976bb"></i>Partie I — Fondements de l’évaluation immobilière</div><a href="/seance/01/" data-ch="01"><span class="pastille" style="background:#2976bb">1</span><span>Introduction à l'évaluation immobilière</span></a><a href="/seance/02/" data-ch="02"><span class="pastille" style="background:#2976bb">2</span><span>Le cadre professionnel au Québec</span></a><a href="/seance/03/" data-ch="03"><span class="pastille" style="background:#2976bb">3</span><span>Les principes fondamentaux de l'évaluation</span></a><div class="dd-part"><i style="background:#0f8b8d"></i>Partie II — Valeur, marché et données</div><a href="/seance/04/" data-ch="04"><span class="pastille" style="background:#0f8b8d">4</span><span>La valeur : concepts et types</span></a><a href="/seance/05/" data-ch="05"><span class="pastille" style="background:#0f8b8d">5</span><span>Le marché immobilier québécois</span></a><a href="/seance/06/" data-ch="06"><span class="pastille" style="background:#0f8b8d">6</span><span>Collecte et analyse des données</span></a><a href="/seance/07/" data-ch="07"><span class="pastille" style="background:#0f8b8d">7</span><span>Examen mi-session : révision des blocs 1 et 2</span></a><div class="dd-part"><i style="background:#cca424"></i>Partie III — Les trois méthodes d’évaluation</div><a href="/seance/08/" data-ch="08"><span class="pastille" style="background:#cca424">8</span><span>La méthode de comparaison — Partie 1 : principes et sélection des comparables</span></a><a href="/seance/09/" data-ch="09"><span class="pastille" style="background:#cca424">9</span><span>La méthode de comparaison — Partie 2 : ajustements et réconciliation</span></a><a href="/seance/10/" data-ch="10"><span class="pastille" style="background:#cca424">10</span><span>La méthode du coût</span></a><a href="/seance/11/" data-ch="11"><span class="pastille" style="background:#cca424">11</span><span>La méthode du revenu — Partie 1 : du revenu brut au RNE</span></a><a href="/seance/12/" data-ch="12"><span class="pastille" style="background:#cca424">12</span><span>La méthode du revenu — Partie 2 : le taux et le DCF</span></a><div class="dd-part"><i style="background:#6b4fbb"></i>Partie IV — Synthèse et pratique professionnelle</div><a href="/seance/13/" data-ch="13"><span class="pastille" style="background:#6b4fbb">13</span><span>Le rapport d'évaluation</span></a><a href="/seance/14/" data-ch="14"><span class="pastille" style="background:#6b4fbb">14</span><span>Révision générale et cas intégrateur</span></a><div class="dd-part">Enregistrements</div><a href="/videos/"><span class="pastille" style="background:var(--rouge)">▶</span><span>Séances vidéo — enregistrements Zoom, transcription synchronisée</span></a><div class="dd-part">Annexes</div><a href="/aide-memoire/"><span class="pastille">A</span><span>Aide-mémoire des formules</span></a><a href="/glossaire/"><span class="pastille">B</span><span>Glossaire</span></a><a href="/rapport/"><span class="pastille" style="background:var(--teal)">R</span><span>Rapport — Le marché de l’habitation au Québec</span></a></div></div><a class="nav-video" href="/videos/"><svg class="" aria-hidden="true"><use href="#i-video"/></svg> Vidéos</a><div class="dd"><button type="button" aria-expanded="false" aria-haspopup="true">Réviser <span class="caret" aria-hidden="true">▾</span></button><div class="dd-menu "><a href="/aide-memoire/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-formula"/></svg></span><span>Aide-mémoire<span class="dd-desc">Toutes les formules commentées</span></span></a><a href="/glossaire/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-book"/></svg></span><span>Glossaire<span class="dd-desc">Termes du métier, équivalents anglais</span></span></a><a href="/definitions/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-list"/></svg></span><span>Toutes les définitions<span class="dd-desc">Les formulations attendues aux examens</span></span></a><a href="/fiches/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-cards"/></svg></span><span>Fiches de révision<span class="dd-desc">Recto-verso, suivi d’acquisition</span></span></a><a href="/carte/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-network"/></svg></span><span>Carte du cours<span class="dd-desc">Les 14 séances et leurs objectifs en un coup d’œil</span></span></a><a href="/exercices/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-pencil"/></svg></span><span>Banque d’exercices<span class="dd-desc">Tous les exercices corrigés</span></span></a></div></div><div class="dd"><button type="button" aria-expanded="false" aria-haspopup="true">S’exercer <span class="caret" aria-hidden="true">▾</span></button><div class="dd-menu "><a href="/quiz/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-quiz"/></svg></span><span>Quiz et examens blancs<span class="dd-desc">QCM avec rétroaction, chronomètre</span></span></a><a href="/entrainement/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-dumbbell"/></svg></span><span>Entraînement<span class="dd-desc">Problèmes à données aléatoires, corrigés pas à pas</span></span></a><a href="/jeux/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-game"/></svg></span><span>Jeux de révision<span class="dd-desc">Association, vrai ou faux, remise en ordre</span></span></a><a href="/outils/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-calc"/></svg></span><span>Calculateurs<span class="dd-desc">Les formules en interactif</span></span></a><a href="/progression/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-progress"/></svg></span><span>Ma progression<span class="dd-desc">Lecture, quiz, objectifs, notes</span></span></a></div></div><div class="dd current"><button type="button" aria-expanded="false" aria-haspopup="true">Ressources <span class="caret" aria-hidden="true">▾</span></button><div class="dd-menu "><a href="/diapositives/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-slides"/></svg></span><span>Diapositives<span class="dd-desc">Les 14 présentations en ligne</span></span></a><a href="/videos/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-video"/></svg></span><span>Séances vidéo<span class="dd-desc">Enregistrements Zoom : chapitres, transcription, sous-titres</span></span></a><a href="/ressources/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-download"/></svg></span><span>Téléchargements<span class="dd-desc">Manuel, plan, TP, gabarits Excel</span></span></a><a href="/rapport/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-report"/></svg></span><span>Rapport marché QC<span class="dd-desc">Indices de prix, macro, abordabilité — 26 sections, 67 figures</span></span></a><a href="/bibliographie/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-bib"/></svg></span><span>Bibliographie<span class="dd-desc">Références citées</span></span></a><a href="/recherche/"><span class="dd-ico"><svg class="" aria-hidden="true"><use href="#i-search"/></svg></span><span>Recherche<span class="dd-desc">Tout le manuel indexé</span></span></a></div></div></nav>87 <div class="topbar-actions">88 <button class="icon-btn search-btn" type="button" data-action="search" aria-label="Rechercher"><svg class="" aria-hidden="true"><use href="#i-search"/></svg><span>Rechercher</span><kbd>⌘K</kbd></button>89 <button class="icon-btn" type="button" data-action="theme" aria-label="Thème clair ou sombre" title="Thème"><svg class="" aria-hidden="true"><use href="#i-sun"/></svg></button>90 <button class="icon-btn menu-btn" type="button" aria-label="Menu" aria-expanded="false"><svg class="" aria-hidden="true"><use href="#i-menu"/></svg></button>91 </div>92 </div>93 94</header>9596<main id="main" class="page">97 <div class="page-head"><div class="eyebrow">Le marché de l’habitation au Québec · Chapitre 6</div><h1>Le cycle récent : pandémie, resserrement, divergence</h1></div>98 <div class="two-col"><article class="prose"><h2 id="s-6-1" class="h-section"><span class="h-num">6.1</span><span class="h-text">Depuis 2020 : deux trajectoires irréconciliables</span><a class="h-anchor" href="#s-6-1" aria-label="Lien vers cette section">#</a></h2>99<p id="p6-1">La figure <a class="xref" href="#fig-fig-depuis2020">6.1</a> rebase tous les indices à 100 en janvier 2020. L'écart est saisissant : +66,4 % pour la province en six ans et demi — et jusqu'à +139 % en Mauricie — contre +26,4 % pour le Canada. Aucun marché québécois n'a durablement corrigé après 2022 ; la hausse des taux a tout au plus imposé un plateau de dix-huit mois avant la reprise. Ce plateau sans baisse est cohérent avec la rigidité à la baisse des prix immobiliers : les vendeurs, averses aux pertes, préfèrent retirer leur propriété du marché plutôt que d'accepter un prix inférieur à leur référence d'achat <span class="citation">(<a class="cite" href="/bibliographie/#genesovemayer2001" data-cite="genesovemayer2001">Genesove et Mayer, 2001</a>)</span> — l'ajustement passe alors par les volumes, non par les prix.</p>100<figure class="float-figure" id="fig-fig-depuis2020"><p id="p6-2"><span class="figimg"><img src="/assets/rapport/fig12_depuis2020-4beab10bec9e.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1008" height="528"></span></p><figcaption><span class="fig-label">Figure 6.1</span> IPP composite rebasé à 100 en janvier 2020, marchés québécois et Canada.</figcaption></figure>101<h2 id="s-6-2" class="h-section"><span class="h-num">6.2</span><span class="h-text">Le glissement annuel : amplitude et persistance</span><a class="h-anchor" href="#s-6-2" aria-label="Lien vers cette section">#</a></h2>102<p id="p6-3">La figure <a class="xref" href="#fig-fig-yoy">6.2</a> superpose les variations sur 12 mois du Québec et du Canada, et la figure <a class="xref" href="#fig-fig-smallmult">6.3</a> détaille les six marchés québécois face à la référence canadienne. Trois observations : (i) le cycle canadien est nettement plus ample, avec des pointes à +23 % (2021) suivies de replis sous <span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mo>−</mo><mn>10</mn></mrow><annotation encoding="application/x-tex">-10</annotation></semantics></math></span><span class="katex-html" aria-hidden="true"><span class="katex-base"><span class="katex-strut" style="height:0.7278em;vertical-align:-0.0833em;"></span><span class="mord">−</span><span class="mord">10</span></span></span></span> % ; (ii) le Québec n'a connu que deux brefs épisodes de glissement annuel négatif en vingt ans (2009 et 2023) ; (iii) depuis 2024, les courbes divergent durablement — hausse au Québec, baisse au Canada.</p>103<figure class="float-figure" id="fig-fig-yoy"><p id="p6-4"><span class="figimg"><img src="/assets/rapport/fig04_yoy-4e7f724f7e26.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1008" height="528"></span></p><figcaption><span class="fig-label">Figure 6.2</span> Variation sur 12 mois de l'IPP composite, Québec et Canada (%), 2006–2026.</figcaption></figure>104<figure class="float-figure" id="fig-fig-smallmult"><p id="p6-5"><span class="figimg"><img src="/assets/rapport/fig13_smallmultiples_yoy-b0542216d10f.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1104" height="614"></span></p><figcaption><span class="fig-label">Figure 6.3</span> Variation sur 12 mois de l'IPP composite, par marché québécois, face à la référence canadienne.</figcaption></figure>105<h2 id="s-6-3" class="h-section"><span class="h-num">6.3</span><span class="h-text">Le pouls trimestriel</span><a class="h-anchor" href="#s-6-3" aria-label="Lien vers cette section">#</a></h2>106<p id="p6-6">La lecture trimestrielle (figure <a class="xref" href="#fig-fig-trimestres">6.4</a>, tableau <a class="xref" href="#tab-tab-trimestres">6.1</a>) confirme la persistance du régime : sur les douze derniers trimestres, la variation trimestrielle canadienne n'a été positive qu'à quatre reprises, quand la variation québécoise n'a été négative que deux fois — et encore, marginalement, au creux saisonnier. La divergence n'est donc pas un artefact de quelques mois exceptionnels : elle est installée dans la fréquence trimestrielle depuis la mi-2023.</p>107<figure class="float-figure" id="fig-fig-trimestres"><p id="p6-7"><span class="figimg"><img src="/assets/rapport/fig21_trimestres-a2130adb7ecb.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1008" height="441"></span></p><figcaption><span class="fig-label">Figure 6.4</span> Variation trimestrielle de l'IPP composite, Québec et Canada, douze derniers trimestres.</figcaption></figure>108<figure class="float-table" id="tab-tab-trimestres"><figcaption><span class="fig-label">Tableau 6.1</span> IPP composite trimestriel, Canada et marchés québécois, quatorze derniers trimestres. Source : ACI/CREA.</figcaption><div class="table-wrap"><table class="tbl table-wide"><thead><tr><th>Trimestre</th><th class="al-r">Canada</th><th class="al-r">Québec</th><th class="al-r">Montréal</th><th class="al-r">Québec (RMR)</th><th class="al-r">Estrie</th><th class="al-r">Mauricie</th><th class="al-r">Centre-du-Qc</th></tr></thead><tbody><tr><td>2023Q1</td><td class="al-r">300,0</td><td class="al-r">260,8</td><td class="al-r">266,3</td><td class="al-r">252,5</td><td class="al-r">261,3</td><td class="al-r">282,4</td><td class="al-r">301,0</td></tr><tr><td>2023Q2</td><td class="al-r">315,0</td><td class="al-r">267,6</td><td class="al-r">273,0</td><td class="al-r">260,7</td><td class="al-r">262,4</td><td class="al-r">300,0</td><td class="al-r">309,8</td></tr><tr><td>2023Q3</td><td class="al-r">313,3</td><td class="al-r">269,6</td><td class="al-r">275,2</td><td class="al-r">260,9</td><td class="al-r">268,7</td><td class="al-r">304,5</td><td class="al-r">316,2</td></tr><tr><td>2023Q4</td><td class="al-r">301,2</td><td class="al-r">267,2</td><td class="al-r">272,1</td><td class="al-r">265,5</td><td class="al-r">270,5</td><td class="al-r">315,1</td><td class="al-r">322,1</td></tr><tr><td>2024Q1</td><td class="al-r">302,2</td><td class="al-r">274,1</td><td class="al-r">279,5</td><td class="al-r">271,6</td><td class="al-r">272,7</td><td class="al-r">320,2</td><td class="al-r">333,9</td></tr><tr><td>2024Q2</td><td class="al-r">306,3</td><td class="al-r">279,7</td><td class="al-r">284,5</td><td class="al-r">281,1</td><td class="al-r">285,9</td><td class="al-r">332,6</td><td class="al-r">345,4</td></tr><tr><td>2024Q3</td><td class="al-r">300,7</td><td class="al-r">282,1</td><td class="al-r">286,4</td><td class="al-r">288,0</td><td class="al-r">294,1</td><td class="al-r">339,0</td><td class="al-r">353,8</td></tr><tr><td>2024Q4</td><td class="al-r">295,7</td><td class="al-r">285,6</td><td class="al-r">289,7</td><td class="al-r">295,3</td><td class="al-r">298,0</td><td class="al-r">345,5</td><td class="al-r">360,2</td></tr><tr><td>2025Q1</td><td class="al-r">297,7</td><td class="al-r">296,6</td><td class="al-r">299,3</td><td class="al-r">317,1</td><td class="al-r">311,6</td><td class="al-r">363,1</td><td class="al-r">375,1</td></tr><tr><td>2025Q2</td><td class="al-r">297,4</td><td class="al-r">305,3</td><td class="al-r">307,6</td><td class="al-r">330,1</td><td class="al-r">323,1</td><td class="al-r">377,5</td><td class="al-r">388,4</td></tr><tr><td>2025Q3</td><td class="al-r">291,1</td><td class="al-r">306,1</td><td class="al-r">307,2</td><td class="al-r">336,7</td><td class="al-r">327,9</td><td class="al-r">381,6</td><td class="al-r">396,6</td></tr><tr><td>2025Q4</td><td class="al-r">285,7</td><td class="al-r">307,4</td><td class="al-r">308,0</td><td class="al-r">339,5</td><td class="al-r">337,0</td><td class="al-r">386,4</td><td class="al-r">403,0</td></tr><tr><td>2026Q1</td><td class="al-r">283,4</td><td class="al-r">316,2</td><td class="al-r">315,8</td><td class="al-r">354,5</td><td class="al-r">355,5</td><td class="al-r">394,0</td><td class="al-r">405,8</td></tr><tr><td>2026Q2</td><td class="al-r">285,6</td><td class="al-r">318,3</td><td class="al-r">317,5</td><td class="al-r">356,5</td><td class="al-r">360,8</td><td class="al-r">408,3</td><td class="al-r">421,5</td></tr></tbody></table></div></figure>109<h2 id="s-6-4" class="h-section"><span class="h-num">6.4</span><span class="h-text">L'écart au sommet : la correction que le Québec n'a pas eue</span><a class="h-anchor" href="#s-6-4" aria-label="Lien vers cette section">#</a></h2>110<p id="p6-8">La mesure du repli depuis le sommet historique (figure <a class="xref" href="#fig-fig-drawdown">6.5</a>, séries désaisonnalisées) résume le cycle 2022–2026 : le Grand Toronto reste -26,1 % sous son pic, le Canada -20,5 %, le Grand Vancouver -12,2 % — tandis que le Québec établit un nouveau sommet en juin 2026. Pour un prêteur ou un investisseur, cette asymétrie du risque de baisse est probablement la statistique la plus importante du document ; elle est détaillée et datée au chapitre <a class="xref" href="/rapport/11/#top">11</a> (tableau <a class="xref" href="/rapport/11/#tab-tab-drawdowns">11.1</a>).</p>111<figure class="float-figure" id="fig-fig-drawdown"><p id="p6-9"><span class="figimg"><img src="/assets/rapport/fig07_drawdown-479552decfe9.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1008" height="528"></span></p><figcaption><span class="fig-label">Figure 6.5</span> Écart au sommet historique de l'IPP composite désaisonnalisé (%), 2005–2026.</figcaption></figure>112<h2 id="s-6-5" class="h-section"><span class="h-num">6.5</span><span class="h-text">La photographie de juin 2026 et la fresque 2006–2025</span><a class="h-anchor" href="#s-6-5" aria-label="Lien vers cette section">#</a></h2>113<p id="p6-10">La figure <a class="xref" href="#fig-fig-yoybarres">6.6</a> classe les seize marchés selon leur variation sur 12 mois en juin 2026 : les six marchés québécois occupent six des sept premières places (Winnipeg s'intercale), tandis que l'Ontario, la Colombie-Britannique et leurs métropoles sont en territoire négatif. La carte thermique de la figure <a class="xref" href="#fig-fig-heatmap">6.7</a> replace cette photographie dans vingt ans d'histoire : boom albertain de 2006–2007 (+41 %), crise de 2008–2009, épisode Vancouver–Toronto de 2016–2017, flambée générale de 2021–2022 — plus persistante dans les régions québécoises, qui alignent deux années à plus de 20 % — puis divergence 2023–2025 : bleu à l'ouest de l'Outaouais, rouge à l'est.</p>114<figure class="float-figure" id="fig-fig-yoybarres"><p id="p6-11"><span class="figimg"><img src="/assets/rapport/fig20_yoy_barres-42a273ce7fc3.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="902" height="614"></span></p><figcaption><span class="fig-label">Figure 6.6</span> Variation sur 12 mois de l'IPP composite en juin 2026, seize marchés.</figcaption></figure>115<figure class="float-figure" id="fig-fig-heatmap"><p id="p6-12"><span class="figimg"><img src="/assets/rapport/fig06_heatmap_yoy-d60fb8128769.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1008" height="537"></span></p><figcaption><span class="fig-label">Figure 6.7</span> Variation annuelle de l'IPP composite par marché, 2006–2025 (%).</figcaption></figure>116<div class="box box-pts" id="pointscles-6-13"><div class="box-head"><span class="box-icon"><svg class="" aria-hidden="true"><use href="#i-star"/></svg></span><span class="box-label">Points clés</span><a class="box-anchor" href="#pointscles-6-13" aria-label="Lien">#</a></div><div class="box-body"><p id="p6-14">Le cycle 2020–2026 se résume en trois chiffres : +66 % au Québec, +26 % au Canada, <span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mo>−</mo><mn>26</mn></mrow><annotation encoding="application/x-tex">-26</annotation></semantics></math></span><span class="katex-html" aria-hidden="true"><span class="katex-base"><span class="katex-strut" style="height:0.7278em;vertical-align:-0.0833em;"></span><span class="mord">−</span><span class="mord">26</span></span></span></span> % pour le Grand Toronto depuis son pic. La correction canadienne est une affaire ontarienne et britanno-colombienne ; à l'est de l'Outaouais, elle n'a tout simplement pas eu lieu.</p></div></div><nav class="ch-pager" style="padding:0;margin-top:40px"><a class="prev" href="/rapport/5/"><small>← Chapitre 5</small><b>Vingt ans de prix au Québec</b></a><a class="next" href="/rapport/7/"><small>Chapitre 7 →</small><b>Taux, inflation et prix réels : la transmission monétaire</b></a></nav></article><aside class="side"><h4>Dans cette section</h4><ol><li class="lvl2"><a href="#s-6-1">6.1 Depuis 2020 : deux trajectoires irréconciliables</a></li><li class="lvl2"><a href="#s-6-2">6.2 Le glissement annuel : amplitude et persistance</a></li><li class="lvl2"><a href="#s-6-3">6.3 Le pouls trimestriel</a></li><li class="lvl2"><a href="#s-6-4">6.4 L'écart au sommet : la correction que le Québec n'a pas eue</a></li><li class="lvl2"><a href="#s-6-5">6.5 La photographie de juin 2026 et la fresque 2006–2025</a></li></ol><h4>Rapport</h4><ol><li class="lvl2"><a href="/rapport/1/" class=""><span class="toc-num">1</span> Introduction</a></li><li class="lvl2"><a href="/rapport/2/" class=""><span class="toc-num">2</span> Données et méthodologie</a></li><li class="lvl2"><a href="/rapport/3/" class=""><span class="toc-num">3</span> Le contexte macroéconomique canadien</a></li><li class="lvl2"><a href="/rapport/4/" class=""><span class="toc-num">4</span> Le Québec dans le paysage canadien</a></li><li class="lvl2"><a href="/rapport/5/" class=""><span class="toc-num">5</span> Vingt ans de prix au Québec</a></li><li class="lvl2"><a href="/rapport/6/" class="active"><span class="toc-num">6</span> Le cycle récent : pandémie, resserrement, divergence</a></li><li class="lvl2"><a href="/rapport/7/" class=""><span class="toc-num">7</span> Taux, inflation et prix réels : la transmission monétaire</a></li><li class="lvl2"><a href="/rapport/8/" class=""><span class="toc-num">8</span> Profils régionaux : les six marchés québécois</a></li><li class="lvl2"><a href="/rapport/9/" class=""><span class="toc-num">9</span> L'analyse par type de propriété</a></li><li class="lvl2"><a href="/rapport/10/" class=""><span class="toc-num">10</span> La saisonnalité des prix</a></li><li class="lvl2"><a href="/rapport/11/" class=""><span class="toc-num">11</span> Risque, distributions et co-mouvements</a></li><li class="lvl2"><a href="/rapport/12/" class=""><span class="toc-num">12</span> Les grands marchés du reste du Canada</a></li><li class="lvl2"><a href="/rapport/13/" class=""><span class="toc-num">13</span> Abordabilité : la charge hypothécaire</a></li><li class="lvl2"><a href="/rapport/14/" class=""><span class="toc-num">14</span> Dix faits stylisés du marché québécois</a></li><li class="lvl2"><a href="/rapport/15/" class=""><span class="toc-num">15</span> Synthèse et implications</a></li><li class="lvl2"><a href="/rapport/A/" class=""><span class="toc-num">A</span> Notes méthodologiques</a></li><li class="lvl2"><a href="/rapport/B/" class=""><span class="toc-num">B</span> Tableaux statistiques</a></li><li class="lvl2"><a href="/rapport/C/" class=""><span class="toc-num">C</span> Glossaire</a></li><li class="lvl2"><a href="/rapport/D/" class=""><span class="toc-num">D</span> Chronologie du marché et de la politique du logement, 2005–2026</a></li><li class="lvl2"><a href="/rapport/E/" class=""><span class="toc-num">E</span> Notes bibliographiques par chapitre</a></li><li class="lvl2"><a href="/rapport/F/" class=""><span class="toc-num">F</span> Questions de révision et exercices</a></li></ol><div class="toc-extra"><a href="/rapport/">← Sommaire et métriques</a></div></aside></div>117</main>118<footer class="site-footer">119 <div class="footer-inner">120 <div class="footer-brand">121 <img src="/assets/brand/uqo-logo-white.png" alt="UQO" width="140" height="59" style="width:140px;height:auto;margin-bottom:10px">122 <div class="brand-code">IMM1003</div>123 <div>Éléments d’évaluation immobilière</div>124 <div style="opacity:.7;margin-top:6px;font-size:.85rem">Automne 2026 · 3 crédits · premier cycle · 14 séances</div>125 <div style="margin-top:14px;font-size:.85rem">Simon-Pierre Boucher, professeur<br>Département des sciences administratives<br>Université du Québec en Outaouais<br><a href="mailto:simon-pierre.boucher@uqo.ca" style="display:inline;padding:0">simon-pierre.boucher@uqo.ca</a></div>126 </div>127 <div><h4>Étudier</h4><a href="/seance/01/">Séances</a><a href="/videos/">Séances vidéo</a><a href="/aide-memoire/">Aide-mémoire</a><a href="/glossaire/">Glossaire</a><a href="/definitions/">Toutes les définitions</a><a href="/carte/">Carte du cours</a><a href="/exercices/">Banque d’exercices</a></div>128 <div><h4>S’exercer</h4><a href="/quiz/">Quiz et examens blancs</a><a href="/entrainement/">Entraînement</a><a href="/jeux/">Jeux de révision</a><a href="/fiches/">Fiches de révision</a><a href="/outils/">Calculateurs</a><a href="/progression/">Ma progression</a></div>129 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