Montréal Housing Market Outlook 2025
Table of contents
Montréal Market Report Summary
- The average selling price of a home in Montreal increased by 6.9% year-over-year to $572,500 in August 2025.
- The average selling price of a single-family home in Montreal increased by 8% year-over-year to $678,300 in August 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 0.2% year-over-year to $595,900 in August 2025.
- The average selling price of a condo in Montreal increased by 4.4% year-over-year to $425,200 in August 2025.
- The average rent in Montreal unchanged by 0% year-over-year to $1,978 for August 2025.
- October 8, 2025: Today’s lowest mortgage rate in Montréal is
for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Montreal was $572,500 for the month of August 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 6.9% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $678,300 for the month of August 2025, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 8% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $595,900 for the month of August 2025, that’s decreased by 4.1% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 0.2% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $425,200 for the month of August 2025, that’s decreased by 0.6% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 4.4% over the last 12 months.
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Montréal Housing Market Summary
Data from the Quebec Professional Association of Real Estate Brokers (QPAREB) indicates that the average price of resale residential homes sold across Montreal in August 2025 was $572,500, and it increased of 6.9% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 60%, indicating a Balanced in Montreal for August 2025.
Montréal Housing Market Sees Most Active August Since 2021
According to the Québec Professional Association of Real Estate Brokers (QPAREB) for August 2025, the Montréal Census Metropolitan Area (CMA) recorded 3,330 residential home sales, up 12% from last year. This marked the 20th consecutive monthly increase and the most active August since 2021.
Sales Momentum Builds Across Property Types
All major housing type sectors of the Montréal CMA posted gains in August. The multiplex market stood out with a 23% increase in sales YoY. Active home listings grew modestly by 4% compared to August 2024, reaching 17,515 properties. Most of this new supply came from condominiums, where listings rose 12%. Despite more inventory, conditions remain firmly in favour of sellers.
- Residential sales: 3,330, up 12% since last year
- Plex sales: 365, up 23% YoY
- Active listings: 17,515, up 4%
- Condominium listings: 8,483, up 12%
Montréal Region Home Prices Continue Strong Upward Trend
The median price for single-family homes in the Montréal CMA climbed 7% in August to $633,250. Gains were even stronger in certain areas, with the Island of Montréal and Vaudreuil-Soulanges each posting 10% increases. The North Shore saw an 8% rise, while Saint-Jean-sur-Richelieu rose 7%. Year to date, prices are up 9% for single-family homes, 8% for plexes, and 6% for condominiums.
QPAREB notes that lower interest rates and the possibility of extended 30-year amortizations under certain conditions have supported demand. However, 1st-time homebuyers face challenges as price growth outpaces affordability. Repeat buyers leveraging existing equity are driving much of the activity, particularly in Montréal’s central and higher-end neighbourhoods.
Montréal Market Breaks From Summer Lull
RBC analysis confirms that Montréal broke from months of muted activity with both new listings and resales jumping more than 8% and 5% respectively from July. This surge in supply and transactions indicates that buyers remain eager to purchase when suitable options become available. Median prices rose 7.3% for single-family homes and 3.7% for condos compared to last year, reinforcing ongoing upward pressure despite affordability constraints.
Housing Policy Support And Future Supply
Looking ahead, Montréal is expected to benefit from the federal Build Canada Homes initiative. The $13 billion program will include new affordable housing units in Longueuil, adding inventory to a region that remains critically undersupplied. The program aims to fast-track construction approvals and use modular building techniques to deliver homes more efficiently.
Mortgage Implications For Buyers and Sellers
Montréal’s housing market remains one of Canada’s strongest, with sales activity outpacing supply growth and prices climbing steadily. Buyers must navigate affordability challenges, especially FTHB, facing intense competition. Sellers continue to benefit from multiple offers and upward price trends, particularly in central and affluent areas.
With the Bank of Canada expected to further ease its monetary policy, mortgage costs could be lowered, providing a modest affordability boost. Buyers may want to secure mortgage pre-approvals quickly to lock in lower qualifying rates. Renewers should explore shorter-term products to keep flexibility. At the same time, refinancers may find today’s elevated home values in the Montréal region create an opportunity to leverage equity before price growth moderates.
Month-over-Month Market Expectations for Montreal
Transactions – Number of Sales
The number of sales in Montreal was 3,330 during August 2025, that’s decreased by 10.7% compared to the previous month. On a year-over-year basis, sales in Montreal have increased by 11.3% over the last 12 months.
New Listings
The number of new listings in Montreal was 5,581 during August 2025, that’s increased by 8.4% compared to the previous month. On a year-over-year basis, new listings in Montreal have increased by 15.3% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 60% during August 2025, indicating a Balanced. On a monthly basis, that’s decreased by 17.7% compared to the previous month. Montreal’s yearly sales to new listings ratio has decreased by 3.4% over the last 12 months.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR under 40% suggests a buyer’s market in which buyers have the upper hand and more negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market.
Annual Changes to Composite Home Prices in Montreal
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Montreal Market Rents Summary
The average rent in Montreal was $1,978 for the month of August 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a bachelor apartment in Montreal was $0 for the month of August 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Montreal was $1,722 for the month of August 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,270 for the month of August 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Montreal was $1,722 for the month of August 2025, which decreased by 1% on a year-over-year basis.
How Does Renting Compare with Homeownership in Montreal?
Each $100,000 in mortgage balance costs an average of $520.08 per month on nesto’s lowest fixed 5-year rate at
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
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Frequently Asked Questions (FAQ) on Montreal Housing Market Outlook for 2025
Will Montreal housing prices increase in 2025?
Montreal’s housing prices are expected to rise slightly in 2025, driven by population growth and limited supply.
Is Montreal’s housing market affordable?
Montreal remains more affordable than cities like Toronto and Vancouver. Buyers will find better opportunities in suburban areas and smaller property types.
Will mortgage rates in Montreal decline in 2025?
Mortgage rates are expected to decrease in 2025, making it easier for buyers to enter the market. Therefore, it is advisable to secure a mortgage preapproval or prequalification early.
Will Montreal experience a housing bubble in 2025?
A housing bubble is unlikely. Montreal’s market is more balanced than other major cities, with moderate price growth expected.
What trends will impact Montreal’s housing market?
Housing supply, growing demand for condos, and improving mortgage affordability will influence Montreal’s market into 2025.
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