Montréal Housing Market Outlook 2025
Table of contents
Montréal Market Report Summary
- The average selling price of a home in Montreal increased by 8.4% year-over-year to $577,700 in July 2025.
- The average selling price of a single-family home in Montreal increased by 9.7% year-over-year to $683,900 in July 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 3.7% year-over-year to $621,700 in July 2025.
- The average selling price of a condo in Montreal increased by 5% year-over-year to $427,600 in July 2025.
- The average rent in Montreal decreased by 2% year-over-year to $1,971 for July 2025.
- August 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 $577,700 for the month of July 2025, that’s increased by 0.2% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 8.4% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $683,900 for the month of July 2025, that’s decreased by 0.1% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 9.7% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $621,700 for the month of July 2025, that’s increased by 1.4% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 3.7% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $427,600 for the month of July 2025, that’s increased by 0.6% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 5% 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 July 2025 was $577,700, and it increased of 8.4% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 72%, indicating a Sellers in Montreal for July 2025.
Montreal Housing Market Sees 10% Sales Surge and Rising Prices
According to the Quebec Professional Association of Real Estate Brokers (QPAREB), Greater Montreal’s residential market stayed robust in July, delivering its strongest month since the pandemic’s 2021 peak. A total of 3,731 home sales were recorded, a 10% rise year-over-year. Vaudreuil-Soulanges led the way with a 29% jump in activity, while the South Shore posted a modest 2% gain. Active listings inched up only 2%, reinforcing a seller’s market across all zones. Overbidding held steady with only 11% of sales closed at least 5% over the initial asking price, similar to last year’s levels.
- Median home prices: Single-family homes up 7% year-over-year to $625,000, condos up 3% to $425,000, plexes up 8% to $815,000
- Inventory: Active listings are still tight, with active listings at 29,959 (only slightly higher)
- Days on market: Single-family homes averaged 35 days, condos 46 days, and plexes 54 days across Montreal
Economic & Policy Context for Montreal
Montreal’s relative affordability, especially compared to Vancouver, Toronto, Calgary and Ottawa, continues to attract demand. Yet, the local economy faces headwinds, with unemployment ticking up from 6.5% to 7.0% in June. The city remains less affected by US tariff disruptions but battles persistent inflation and elevated interest rates.
Variable mortgage rate reductions have paused, as the Bank of Canada held its key policy rate steady for three straight meetings amid core inflation near 3%. Rising bond yields have pushed fixed rates upward, reflecting global inflation concerns.
Desjardins frames the Montreal housing market as moving toward balance, with listings slightly above the 10-year average and price growth easing but still near record highs. Sales remain supported by past population growth and relative affordability compared to comparable large cities.
Average rents in Montreal have risen 71% since 2019, outpacing home prices and wages, with most new construction focused on rentals. Slower population growth and a softer job market are expected to cool demand modestly. Even with possible Bank of Canada rate cuts, fixed mortgage rates may hold steady, keeping qualification standards high and affordability under pressure.
Month-over-Month Market Expectations for Montreal
Transactions – Number of Sales
The number of sales in Montreal was 3,731 during July 2025, that’s decreased by 14.9% compared to the previous month. On a year-over-year basis, sales in Montreal have increased by 8.5% over the last 12 months.
New Listings
The number of new listings in Montreal was 5,148 during July 2025, that’s decreased by 8.9% compared to the previous month. On a year-over-year basis, new listings in Montreal have increased by 6.6% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 72% during July 2025, indicating a Sellers. On a monthly basis, that’s decreased by 6.6% compared to the previous month. Montreal’s yearly sales to new listings ratio has increased by 1.8% 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 $1,971 for the month of July 2025, which decreased by 2% on a year-over-year basis.
The average rent for a bachelor apartment in Montreal was $0 for the month of July 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Montreal was $1,730 for the month of July 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,269 for the month of July 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Montreal was $1,730 for the month of July 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 $528.19 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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