Montréal Housing Market Outlook 2026
Montréal Housing Market Outlook 2026
Data from the Quebec Professional Association of Real Estate Brokers (QPAREB) indicates that the average price of resale residential homes sold across Montreal in November 2025 was $573,800, and it increased by 5.8% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 74%, indicating a Sellers market conditions in Montreal for November 2025.
Montréal Market Report Summary for November 2025
- The average selling price of a home in Montreal increased by 5.8% year-over-year to $573,800 in November 2025.
- The average selling price of a single-family home in Montreal increased by 5.9% year-over-year to $676,400 in November 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 2.9% year-over-year to $605,500 in November 2025.
- The average selling price of a condo in Montreal increased by 4.5% year-over-year to $427,400 in November 2025.
- The average rent in Montreal is now $1,936 for November 2025.
- December 19, 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 $573,800 for the month of November 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 5.8% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $676,400 for the month of November 2025, that’s decreased by 1.3% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 5.9% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $605,500 for the month of November 2025, that’s decreased by 1% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 2.9% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $427,400 for the month of November 2025, that’s decreased by 0.5% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 4.5% over the last 12 months.
Transactions – Number of Sales
The number of sales in Montreal was 3,542 during November 2025, that’s decreased by 10.7% compared to the previous month. On a year-over-year basis, sales in Montreal have decreased by 9.1% over the last 12 months.
New Listings
The number of new listings in Montreal was 4,798 during November 2025, that’s decreased by 26.9% compared to the previous month. On a year-over-year basis, new listings in Montreal have decreased by 2.3% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 74% during November 2025, indicating a Sellers. On a monthly basis, that’s increased by 22.2% compared to the previous month. Montreal’s yearly sales to new listings ratio has decreased by 7% over the last 12 months.
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
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Montréal Housing Market Outlook Shows Cooling Sales but Continued Price Resilience
According to the Québec Professional Association of Real Estate Brokers (QPAREB), the Montréal CMA entered its first evident sales slowdown after a strong year this November, creating more balance without triggering price declines. A total of 3,542 residential transactions were completed in November, down 8% from the exceptionally active November last year but still broadly in line with the 10-year seasonal average for this time of year.
Montréal Market Snapshot for November
The latest Centris data points to easing demand alongside gradually improving supply conditions.
- Total residential sales declined by 8% YoY to 3,542
- Active listings increased by 7% to 18,205 properties
- New listings were essentially flat, down 1% to 4,798
- Total sales volume fell 4% to $2.39B
- Year-to-date sales remain up 9%, confirming that overall market momentum in 2025 has been strong despite the late-year slowdown
Single-Family Homes See Fewer Sales but Higher Prices
Single-family home activity pulled back, but pricing continued to firm. Sales fell 13% YoY in November, while active listings slipped 1%. The median home price for this segment rose 6% to $635,000, and properties sold faster, with average days on market dropping to 38 from 48. On a year-to-date basis, single-family sales are up 9% and median prices are up 8%, underscoring that affordability, not lack of demand, is now the primary constraint
Condominium Supply Builds as Prices Flatten
The condo segment showed the most apparent signs of rebalancing. Sales declined 8% YoY, while active listings jumped 17%, primarily driven by supply growth on the Island of Montréal and nearby areas such as Laval and the South Shore. The median condo price held steady at $425,000, ending more than 2 years of uninterrupted price growth. Days on market improved modestly to 52 days, down from 56 last year. Year-to-date, condo sales are still up 7% and prices are up 4%, indicating a cooling phase rather than a reversal.
Plex Market Continues to Outperform
Plex properties remained the standout segment in Montréal. Sales in this segment increased 12% YoY in November, marking the third-strongest November performance in 20 years. Active listings edged down 1%, while the median price surged 11% to $855,000. Properties also sold faster, with days on market falling to 58 from 66. YTD, plex sales are up 19% and prices are up 8%, supported by tight rental conditions and investor demand
Why Montréal Housing Market Conditions Are Shifting
The Montréal housing market is transitioning from an overheated environment to a more balanced one. Rising prices, particularly on the Island, have stretched affordability for many households, sidelining buyers and slowing sales. At the same time, higher inventory, especially in the condo segment, is beginning to ease competition and temper price growth. As QPAREB economists note, this adjustment is allowing supply to rebuild and reducing upward price pressure in central areas without undermining market stability.
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Montréal Market Rents Summary
The average rent in Montreal was $1,936 for the month of November 2025.
The average rent for a 1-bedroom apartment in Montreal was $1,715 for the month of November 2025, which decreased by 1.1% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,242 for the month of November 2025, which decreased by 0.9% on a year-over-year basis.
How Does Renting Compare with Homeownership in Montréal?
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 Montréal Housing Market Outlook for 2025
Will housing prices in Montreal 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 in 2025.
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