[Land]

Top 5 Land Transactions in Quebec Year-to-Date
A curated analysis of the five largest land transactions recorded in Quebec so far this year. From conservation parcels in Boucherville to residential development sites in Chateauguay, this report provides a data-driven overview of the deals shaping Quebec's land market, making it essential reading for investors, brokers, and planners tracking capital flows across the province.
$23.7M
Largest Deal
D'Anjou Road, Boucherville
5
Transactions
Across 5 municipalities
$62.1M
Total Volume
Combined transaction value
6.9M
Total SF Traded
Across all five parcels
Market Snapshot: Five Deals at a Glance
The five transactions span a broad spectrum of land uses, including conservation, mixed-use commercial, industrial, commercial, and residential, reflecting the diversity of demand across Quebec's regional markets. Together, these deals represent a significant concentration of capital, totalling approximately $62.1 million in combined sold price across nearly 6.9 million square feet of land.
Price per square foot varies dramatically depending on use and location, ranging from $4.50/SF for a conservation parcel to $44/SF for an industrial site in Laval, a tenfold spread that underscores how fundamentally land use designation, municipal zoning, and proximity to infrastructure drive valuation in Quebec's land market.
#1 Largest Transaction
D'Anjou Road — Boucherville
Sold Price
$23,688,117
Use
Conservation
Lot Size
5,263,703 SF
Price/SF
$4.50
The largest land transaction recorded in Quebec year-to-date is the sale of the D’Anjou Road parcel in Boucherville, a 5.26 million square foot (121-acre) site acquired for conservation purposes for $23.7M, or approximately $4.50 per square foot. While the price reflects the restricted use and lack of development rights typical of conservation land, the transaction stands out for its exceptional scale and signals continued institutional and municipal interest in preserving ecological corridors along the St. Lawrence River in the Greater Montréal region.
#2 Largest Transaction
Gabrielle Roy Avenue — Terrebonne
Sold Price
$17,000,000
Use
Mixed Use Commercial
Lot Size
1,080,819 SF
Price/SF
$16
The second-largest transaction is the sale of the Gabrielle Roy Avenue parcel in Terrebonne, totaling approximately 1,080,819 square feet and acquired for $17M, or about $16 per square foot. Zoned for mixed-use commercial development, the site highlights strong developer confidence in Terrebonne’s continued population growth and suburban expansion, with its scale offering significant potential for phased retail, office, and residential development.
#3 Largest Transaction
Jacques Street — Laval
Sold Price
$8,500,000
Use
Industrial
Lot Size
193,990 SF
Price/SF
$44
An industrial parcel in Laval sold for $8,5M, representing 193,990 square feet at a land rate of $44 per square foot. The premium reflects Laval’s position as one of Quebec’s most sought-after industrial markets, where strong highway connectivity and limited land supply continue to drive pricing. With existing site infrastructure and logistics advantages, the transaction highlights sustained demand for well-located industrial land in the Greater Montréal market.
#4 Largest Transaction
2330 des Patriotes Road — Richelieu
Sold Price
$6,750,000
Use
Commercial
Lot Size
160,718 SF
Price/SF
$42
The commercial property at 2330 des Patriotes Road in Richelieu sold for $6,7M, representing a land rate of $42 per square foot across 160,718 square feet. Despite its location in a mid-sized municipality, the pricing reflects strong commercial fundamentals along the Highway 30 corridor, supported by existing site improvements, road access, and growing suburban demand expanding outward from Montréal’s South Shore.
#5 Largest Transaction
147 Principale Street — Châteauguay
Sold Price
$6,165,000
Use
Residential
Lot Size
221,182 SF
Price/Unit Buildable
$25,475
Rounding out the top five, the sale of 147 Principale Street in Chateauguay closed at $6,1M for a 221,182 square foot site designated for residential development. The transaction equates to approximately $25,475 per buildable unit, a key benchmark for developers evaluating project feasibility. Located within an established neighbourhood, the site represents an infill opportunity reflecting continued residential demand across Montréal’s South Shore.
Comparative Analysis: Price Per Square Foot by Use
Plotting all five transactions on a per-square-foot basis reveals the stark valuation differential driven by land use designation and municipal context. Industrial and commercial parcels in urban nodes such as Laval and Richelieu command rates that are nearly ten times higher than conservation land in Boucherville, while mixed-use commercial land in a growing suburban municipality like Terrebonne occupies a clear middle tier. These differentials are foundational to understanding how Quebec's land market is segmented and how investors and developers price risk and return across asset classes.
The bar chart above (excluding the residential parcel, which is priced on a per-unit-buildable basis) illustrates how industrial and commercial land in established urban and highway-adjacent nodes in Quebec commands a substantial premium over large-format conservation or agricultural parcels. This spread is expected to persist and potentially widen, as available industrial and commercial land supply in core markets like Laval continues to diminish while demand from logistics, distribution, and commercial operators remains elevated.
Key Takeaways for Investors, Brokers & Planners
The top five land transactions in Quebec year-to-date offer a clear window into the forces shaping the province's land market. Across use classes, geographies, and parcel sizes, several consistent themes emerge that carry actionable implications for market participants at every level.
Industrial Land Scarcity is Pricing In
At $44/SF in Laval, industrial land is commanding rates once reserved for urban infill commercial sites. Investors should expect continued appreciation as supply-constrained markets absorb remaining employment land inventory. Municipalities must act proactively to protect industrial designations from rezoning pressure.
Suburban Mixed-Use is Gaining Momentum
The Terrebonne transaction at $17M validates the suburban mixed-use thesis. Fast-growing municipalities with infrastructure investment and transit connectivity are becoming credible alternatives to inner-ring locations for phased master-planned development.
Conservation Acquisitions Drive Aggregate Volume
The D'Anjou Road sale accounts for the largest single transaction by dollar value, yet at the lowest price per square foot. Large-scale conservation acquisitions distort aggregate volume metrics. Analysts should disaggregate by use class when benchmarking market activity.
Residential Land Pricing Reflects Density Requirements
The Chateauguay residential transaction, benchmarked at $25,475 per buildable unit, highlights the importance of density-adjusted metrics in residential land analysis. As affordability constraints persist, feasibility will depend on achieving optimal density within municipal zoning parameters.
Geographic Diversification Across the Province
With transactions spanning Boucherville, Terrebonne, Laval, Richelieu, and Chateauguay, capital deployment is no longer concentrated in a single submarket. Brokers and investors should broaden their coverage area to capture deal flow across Quebec's expanding ring of active land markets.
Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. This publication is the copyrighted property of Colliers and/or its licencor(s). Copyright © 2026. All rights reserved. Colliers Quebec Inc.