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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="IMM1033 — 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">IMM1033</span><span class="brand-title">Méthodes du coût en 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 la méthode du coût</div><a href="/seance/01/" data-ch="01"><span class="pastille" style="background:#2976bb">1</span><span>Introduction à la méthode du coût</span></a><a href="/seance/02/" data-ch="02"><span class="pastille" style="background:#2976bb">2</span><span>Cadre conceptuel et terminologie</span></a><div class="dd-part"><i style="background:#0f8b8d"></i>Partie II — Évaluation du terrain</div><a href="/seance/03/" data-ch="03"><span class="pastille" style="background:#0f8b8d">3</span><span>Méthodes d'évaluation du terrain</span></a><a href="/seance/04/" data-ch="04"><span class="pastille" style="background:#0f8b8d">4</span><span>Analyse du terrain et ajustements</span></a><div class="dd-part"><i style="background:#cca424"></i>Partie III — Coût de construction</div><a href="/seance/05/" data-ch="05"><span class="pastille" style="background:#cca424">5</span><span>Coût de reproduction et coût de remplacement</span></a><a href="/seance/06/" data-ch="06"><span class="pastille" style="background:#cca424">6</span><span>Méthodes d'estimation des coûts</span></a><a href="/seance/07/" data-ch="07"><span class="pastille" style="background:#cca424">7</span><span>Coûts directs de construction</span></a><a href="/seance/08/" data-ch="08"><span class="pastille" style="background:#cca424">8</span><span>Coûts indirects et profit entrepreneurial</span></a><div class="dd-part"><i style="background:#6b4fbb"></i>Partie IV — La dépréciation</div><a href="/seance/09/" data-ch="09"><span class="pastille" style="background:#6b4fbb">9</span><span>Concepts de dépréciation</span></a><a href="/seance/10/" data-ch="10"><span class="pastille" style="background:#6b4fbb">10</span><span>Dépréciation physique</span></a><a href="/seance/11/" data-ch="11"><span class="pastille" style="background:#6b4fbb">11</span><span>Dépréciation fonctionnelle</span></a><a href="/seance/12/" data-ch="12"><span class="pastille" style="background:#6b4fbb">12</span><span>Dépréciation économique (externe)</span></a><div class="dd-part"><i style="background:#107c4e"></i>Partie V — Applications et intégration</div><a href="/seance/13/" data-ch="13"><span class="pastille" style="background:#107c4e">13</span><span>Applications spécialisées</span></a><a href="/seance/14/" data-ch="14"><span class="pastille" style="background:#107c4e">14</span><span>Synthèse et révision</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 5</div><h1>Vingt ans de prix au Québec</h1></div>98 <div class="two-col"><article class="prose"><h2 id="s-5-1" class="h-section"><span class="h-num">5.1</span><span class="h-text">Le récit en une courbe</span><a class="h-anchor" href="#s-5-1" aria-label="Lien vers cette section">#</a></h2>99<p id="p5-1">La figure <a class="xref" href="#fig-fig-evenements">5.1</a> condense l'histoire du marché québécois : traversée sans dommage de la crise financière (simple pause, quand l'Ouest recule de 9 %), décennie lente à environ +3 % par an (2011–2016), flambée pandémique, plateau — et non correction — lors du resserrement de 2022–2023, puis reprise vers le sommet historique de juin 2026.</p>100<figure class="float-figure" id="fig-fig-evenements"><p id="p5-2"><span class="figimg"><img src="/assets/rapport/fig19_evenements-590d9ee1527a.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1008" height="537"></span></p><figcaption><span class="fig-label">Figure 5.1</span> IPP composite du Québec : épisodes clés, 2005–2026.</figcaption></figure>101<h2 id="s-5-2" class="h-section"><span class="h-num">5.2</span><span class="h-text">Six marchés, un basculement</span><a class="h-anchor" href="#s-5-2" aria-label="Lien vers cette section">#</a></h2>102<p id="p5-3">La figure <a class="xref" href="#fig-fig-regions">5.2</a> compare les six agrégats québécois. Jusqu'en 2020, Montréal domine la dynamique provinciale — la corrélation quasi parfaite (0,99) entre la RMR et la province reflète d'ailleurs son poids dans l'agrégat — et la RMR de Québec mène brièvement après son mini-boom de 2008–2012. La pandémie rebat les cartes : les marchés régionaux — Mauricie, Centre-du-Québec, Estrie — connaissent des hausses annuelles de 20 à 30 % en 2021–2022, nourries par le télétravail et la recherche d'espace, et conservent ensuite l'essentiel de ces gains. Ce déplacement de la demande du centre vers la périphérie est un phénomène continental, documenté aux États-Unis sous le nom d'« effet beigne » <span class="citation">(<a class="cite" href="/bibliographie/#ramanibloom2021" data-cite="ramanibloom2021">Ramani et Bloom, 2021</a>)</span> et confirmé sur les prix des grandes métropoles par <a class="cite" href="/bibliographie/#gupta2022" data-cite="gupta2022">Gupta et al. (2022)</a> ; sa diffusion du marché principal vers les marchés satellites rappelle l'« effet de vague » (<em>ripple effect</em>) analysé par <a class="cite" href="/bibliographie/#meen1999" data-cite="meen1999">Meen (1999)</a>. Depuis 2023, la RMR de Québec et l'Estrie prennent le relais avec des hausses parmi les plus fortes au pays.</p>103<figure class="float-figure" id="fig-fig-regions"><p id="p5-4"><span class="figimg"><img src="/assets/rapport/fig02_hpi_quebec_regions-bf68a944a092.svg" alt="Figure du rapport" loading="lazy" decoding="async" width="1008" height="528"></span></p><figcaption><span class="fig-label">Figure 5.2</span> IPP MLS<sup>®</sup> composite, marchés québécois, 2005–2026 (janv. 2005 = 100).</figcaption></figure>104<p id="p5-5">Le tableau <a class="xref" href="#tab-tab-apercu">5.1</a> synthétise la situation en juin 2026. Tous les marchés québécois affichent une variation positive sur 12 mois — de +3,6 % dans la RMR de Montréal à +11,8 % en Estrie — alors que l'indice canadien recule de 3,6 %.</p>105<figure class="float-table" id="tab-tab-apercu"><figcaption><span class="fig-label">Tableau 5.1</span> Vue d'ensemble des marchés en juin 2026. Source : ACI/CREA ; calculs de l'auteur.</figcaption><div class="table-wrap"><table class="tbl table-wide"><thead><tr><th>Marché</th><th class="al-r">Prix de<br>référence</th><th class="al-r">IPP<br>composite</th><th class="al-r">Var.<br>12 mois</th><th class="al-r">Croiss. ann.<br>5 ans</th><th class="al-r">Croiss. ann.<br>10 ans</th><th class="al-r">Croiss. ann.<br>2005–2026</th></tr></thead><tbody><tr><td>RMR de Montréal</td><td class="al-r">596 300 $</td><td class="al-r">318,4</td><td class="al-r">+3,6 %</td><td class="al-r">+4,6 %</td><td class="al-r">+7,4 %</td><td class="al-r">+5,6 %</td></tr><tr><td>RMR de Québec</td><td class="al-r">444 600 $</td><td class="al-r">353,7</td><td class="al-r">+6,5 %</td><td class="al-r">+8,9 %</td><td class="al-r">+6,6 %</td><td class="al-r">+6,1 %</td></tr><tr><td>Estrie</td><td class="al-r">492 300 $</td><td class="al-r">368,8</td><td class="al-r">+11,8 %</td><td class="al-r">+11,3 %</td><td class="al-r">+10,4 %</td><td class="al-r">+6,3 %</td></tr><tr><td>Mauricie</td><td class="al-r">324 800 $</td><td class="al-r">399,0</td><td class="al-r">+4,1 %</td><td class="al-r">+11,4 %</td><td class="al-r">+10,2 %</td><td class="al-r">+6,7 %</td></tr><tr><td>Centre-du-Québec</td><td class="al-r">356 000 $</td><td class="al-r">421,8</td><td class="al-r">+8,2 %</td><td class="al-r">+11,6 %</td><td class="al-r">+10,0 %</td><td class="al-r">+7,0 %</td></tr><tr class="rule-above"><td>Québec (province)</td><td class="al-r">550 400 $</td><td class="al-r">318,9</td><td class="al-r">+4,4 %</td><td class="al-r">+5,2 %</td><td class="al-r">+7,4 %</td><td class="al-r">+5,6 %</td></tr><tr><td>Canada</td><td class="al-r">665 600 $</td><td class="al-r">285,3</td><td class="al-r">-3,6 %</td><td class="al-r">-0,8 %</td><td class="al-r">+3,2 %</td><td class="al-r">+5,0 %</td></tr></tbody></table></div></figure>106<div class="box box-pts" id="pointscles-5-6"><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-5-6" aria-label="Lien">#</a></div><div class="box-body"><p id="p5-7">Le « rattrapage » régional est le fait marquant de la décennie 2016–2026 au Québec : parti des niveaux les plus bas, le trio Centre-du-Québec – Mauricie – Estrie affiche désormais les multiples de prix les plus élevés de la province (indices de 369 à 422, contre 318 à Montréal). Chacun de ces marchés fait l'objet d'un profil détaillé au chapitre <a class="xref" href="/rapport/8/#top">8</a>.</p></div></div><nav class="ch-pager" style="padding:0;margin-top:40px"><a class="prev" href="/rapport/4/"><small>← Chapitre 4</small><b>Le Québec dans le paysage canadien</b></a><a class="next" href="/rapport/6/"><small>Chapitre 6 →</small><b>Le cycle récent : pandémie, resserrement, divergence</b></a></nav></article><aside class="side"><h4>Dans cette section</h4><ol><li class="lvl2"><a href="#s-5-1">5.1 Le récit en une courbe</a></li><li class="lvl2"><a href="#s-5-2">5.2 Six marchés, un basculement</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="active"><span class="toc-num">5</span> Vingt ans de prix au Québec</a></li><li class="lvl2"><a href="/rapport/6/" class=""><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>107</main>108<footer class="site-footer">109 <div class="footer-inner">110 <div class="footer-brand">111 <img src="/assets/brand/uqo-logo-white.png" alt="UQO" width="140" height="59" style="width:140px;height:auto;margin-bottom:10px">112 <div class="brand-code">IMM1033</div>113 <div>Méthodes du coût en évaluation immobilière</div>114 <div style="opacity:.7;margin-top:6px;font-size:.85rem">Hiver 2026 · 3 crédits · premier cycle · 14 séances</div>115 <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" 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