Montréal Housing Market Outlook 2025
Table of contents
Montréal Market Report Summary
- The average selling price of a home in Montreal increased by 6.5% year-over-year to $578,900 in September 2025.
- The average selling price of a single-family home in Montreal increased by 7.1% year-over-year to $684,000 in September 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 4.7% year-over-year to $616,200 in September 2025.
- The average selling price of a condo in Montreal increased by 4.6% year-over-year to $430,900 in September 2025.
- The average rent in Montreal decreased by 0.5% year-over-year to $1,981 for September 2025.
- October 24, 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 $578,900 for the month of September 2025, that’s increased by 1.1% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 6.5% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $684,000 for the month of September 2025, that’s increased by 0.8% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 7.1% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $616,200 for the month of September 2025, that’s increased by 3.4% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 4.7% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $430,900 for the month of September 2025, that’s increased by 1.3% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 4.6% 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 September 2025 was $578,900, and it increased of 6.5% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 49%, indicating a Balanced in Montreal for September 2025.
Montréal Resale Activity Up 11% YoY
According to the Québec Professional Association of Real Estate Brokers (QPAREB), residential sales in the Montréal CMA reached 3,520 in September 2025, an increase of 11% compared to the same month last year. This total sits well above historical averages, with roughly 620 more transactions than the 25-year September norm.
Montréal Home Sales Remain Above Long-Term Averages Despite Seasonal Cooling
Market activity slowed slightly from August, with seasonally adjusted sales down by less than 2%. Even with this modest dip, the region continues to see strong demand amid tight supply. Persistent low inventory has kept competition high between buyers, sustaining property values across most categories.
QPAREB’s data shows that the Montréal CMA recorded 18,835 new listings in September, up 8% year over year, while active listings totalled 17,520, a 12% increase. Sales volume rose 20% compared to September 2024, reaching $2.38 billion.
Median Home Prices Rising in Montréal Across Property Types
Home values continued to rise in September, led by single-family homes, which saw the strongest appreciation. The overall median property price for the Montréal CMA climbed to $620,000, an 8% increase compared to the previous year.
- Single-family homes: median price $762,475, up 17% from last year
- Condominiums: median price $430,000, up 4% from last year
- Plexes (2–5 units): median price $839,000, up 6% from last year
Regional Breakdown of Market Activity
Montréal’s core and surrounding regions all experienced solid growth in sales and property values through September 2025.
- Island of Montréal: median single-family price $815,000, up 24%; condo median $479,250, up 4%; plex median $885,000, up 5%
- Laval: median single-family price $795,000, up 18%; condo median $600,000, up 2%; plex median $857,250, up 8%
- North Shore: median single-family price $665,000, up 3%; condo median $420,000, up 9%; plex median $775,000, up 14%
- South Shore: median single-family price $645,000, up 17%; condo median $375,500, up 7%; plex median $725,000, up 5%
- Vaudreuil–Soulanges: median single-family price $635,000, up 27%; condo median $345,000, up 14%; plex median $636,500, up 8%
- Saint-Jean-sur-Richelieu: median single-family price $506,363, up 2%; condo median $555,000, up 9%; plex median $605,000, up 19%
Average Time on Market Continued to Shorten
Across the Montréal CMA, homes spent an average of 40 to 50 days on the market, down roughly 10 days from 2024. Multiplexes, in particular, sold 30% faster compared to last year.
Montréal Real Estate Outlook for Late 2025
The Montréal area continues to show remarkable resilience despite broader economic headwinds tied to tariffs and slower export growth across Québec. QPAREB expects that constrained inventory, robust migration, and a stable job market will maintain upward pressure on home prices through the final quarter of 2025.
RBC Economics noted that in Montréal, “Historically low inventory sustains strong competition between buyers—especially as rebuilding confidence brings more to the market.” Analysts anticipate continued price gains, particularly for single-family homes, where demand remains strongest.
If the Bank of Canada maintains its path toward further easing into 2026, borrowing conditions in the Montréal CMA should remain supportive, helping sustain steady resale activity and moderate price growth into next year.
Month-over-Month Market Expectations for Montreal
Transactions – Number of Sales
The number of sales in Montreal was 3,520 during September 2025, that’s increased by 5.7% compared to the previous month. On a year-over-year basis, sales in Montreal have increased by 10% over the last 12 months.
New Listings
The number of new listings in Montreal was 7,135 during September 2025, that’s increased by 27.8% compared to the previous month. On a year-over-year basis, new listings in Montreal have increased by 15% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 49% during September 2025, indicating a Balanced. On a monthly basis, that’s decreased by 17.3% compared to the previous month. Montreal’s yearly sales to new listings ratio has decreased by 4.3% 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 $1,981 for the month of September 2025, which decreased by 0.5% on a year-over-year basis.
The average rent for a bachelor apartment in Montreal was $0 for the month of September 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Montreal was $1,729 for the month of September 2025, which increased by 0.3% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,272 for the month of September 2025, which decreased by 0.2% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Montreal was $1,729 for the month of September 2025, which decreased by 0.2% on a year-over-year basis.
How Does Renting Compare with Homeownership in Montreal?
Each $100,000 in mortgage balance costs an average of $520.07 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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