Montréal Housing Market Outlook 2026
Montreal Home Sales Enter a Soft Patch in December as Momentum Resets for 2026
The housing market in Montreal lost steam in December, with resale activity easing from November and extending the late-year slowdown that followed a modest mid-year recovery. Fewer new listings over the fall constrained buyer choice, keeping some demand sidelined despite inventory rising about 12% from a year earlier, a gain driven almost entirely by condominiums. Single-family home supply showed no meaningful improvement, which helped prices continue to grind higher, particularly for houses, where December median prices rose close to 8% year over year, well ahead of condo price growth, according to data from the Québec Professional Association of Real Estate Brokers (QPAREB).
Looking ahead to 2026, market watchers expect Montreal to exit this soft patch as confidence gradually improves and borrowing conditions become more supportive, drawing buyers back and encouraging more homeowners to list. Any rebound is likely to be measured rather than explosive, with price growth continuing but staying uneven across property types as condos absorb most of the inventory gains while single-family homes remain structurally scarce.
Montreal Housing Market Highlights
- The average selling price of a home in Montreal increased by 5.9% year-over-year to $573,300 in December.
- The average selling price of a single-family home in Montreal increased by 6.4% year-over-year to $676,900 in December.
- The average selling price of a townhouse/multiplex in Montreal increased by 6% year-over-year to $604,100 in December.
- The average selling price of a condo in Montreal increased by 3.3% year-over-year to $425,900 in December.
- The average rent in Montreal is now $1,953 for December.
- January 20, 2026: Today’s lowest mortgage rate in Montréal is
for a 5-year fixed.
Data from the Quebec Professional Association of Real Estate Brokers (QPAREB) indicates that the average price of resale residential homes sold across Montreal in December was $573,300, and it increased by 5.9% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 112%, indicating a Sellers market conditions in Montreal for December.
Composite Home Prices
The average selling price of a home in Montreal was $573,300 for the month of December, that’s decreased by 0.1% month over month. On a year-over-year basis, Montreal home prices have increased 5.9% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $676,900 for the month of December, that’s increased by 0.1% month over month. On a year-over-year basis, single-family home prices in Montreal have increased by 6.4% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $604,100 for the month of December, that’s decreased by 0.2% month over month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 6% year-over-year.
Condo Prices
The average selling price of a condo in Montreal was $425,900 for the month of December, that’s decreased by 0.4% month over month. On a year-over-year basis, the price of a condo in Montreal has increased 3.3% year-over-year.
Transactions – Number of Sales
The number of sales in Montreal was 2,831 during December, that’s decreased by 20.1% month over month. On a year-over-year basis, sales in Montreal have decreased by 11.3% year-over-year.
New Listings
The number of new listings in Montreal was 2,529 during December, that’s decreased by 47.3% month over month. On a year-over-year basis, new listings in Montreal have decreased by 7.2% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 112% during December, indicating a Sellers. On a monthly basis, that’s increased by 51.6% month over month. Montreal’s yearly sales to new listings ratio has decreased by 4.5% year-over-year.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% indicates a buyer’s market, where buyers hold the upper hand and greater 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
Montreal Market Rents Snapshot
The average rent in Montreal was $1,953 for the month of December.
The average rent for a 1-bedroom apartment in Montreal was $1,723 for the month of December, which decreased by 0.3% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,260 for the month of December, which decreased by 0.3% on a year-over-year basis.
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
How Does Renting Compare with Homeownership in Montréal?
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Frequently Asked Questions (FAQ) on Montréal Housing Market Outlook for 2026
Will housing prices in Montreal increase in 2026?
Montreal’s housing prices are expected to rise slightly in 2026, 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 2026?
Mortgage rates are expected to decrease in 2026, 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 2026?
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 in 2026.
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