Montréal Housing Market Outlook 2025
Montréal Market Report Summary
- The average selling price of a home in Montreal increased by 6.8% year-over-year to $581,500 in October 2025.
- The average selling price of a single-family home in Montreal increased by 7.3% year-over-year to $688,800 in October 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 2.8% year-over-year to $599,700 in October 2025.
- The average selling price of a condo in Montreal increased by 5.3% year-over-year to $432,200 in October 2025.
- The average rent in Montreal decreased by 1.6% year-over-year to $1,954 for October 2025.
- November 28, 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 $581,500 for the month of October 2025, that’s increased by 0.4% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 6.8% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $688,800 for the month of October 2025, that’s increased by 0.7% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 7.3% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $599,700 for the month of October 2025, that’s decreased by 2.7% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 2.8% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $432,200 for the month of October 2025, that’s increased by 0.3% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 5.3% 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 October 2025 was $581,500, and it increased of 6.8% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 60%, indicating a Balanced in Montreal for October 2025.
Montreal Home Sales Up 5% as Prices Keep Climbing
According to the Québec Professional Association of Real Estate Brokers (QPAREB), Montreal’s residential market held strong in October, supported by rising sales, firm pricing, and faster selling times across most property categories. A total of 3,968 sales were recorded across the CMA, a 5% gain from last year and the 4th-strongest October since 2000. Inventory increased again, driven entirely by the condominium segment, yet overall conditions remained tight and favoured sellers. Single-family homes and plexes strengthened further as demand improved during the fall market.
Home Sales Rise and Active Listings Increase 7%
Five of Montreal’s 6 major sectors posted higher sales, with only Laval slipping by 1%. Active listings increased 7% year over year to reach 19,001 properties, marking the 3rd consecutive month of rising supply. All of this growth came from the condo segment, which saw an 18% jump in available units. Single-family listings declined 1% and plex listings declined 4%, keeping both categories tight, even with more inventory. Strong demand supported continued price increases.
Single-Family Home Sales Up 8%
The single-family segment remained one of the strongest categories. Sales increased 8% and the median price reached $632,000. Homes sold faster, with average selling times dropping from 46 to 38 days. Limited supply and firm buyer demand kept competition high and supported additional price growth.
Condo Sales Down 4% While Median Price Climbs
Condominium sales decreased 4% year over year, confirming a slowdown in the segment, while active condo listings continued to rise. Despite this, the median condo price increased 4% to $429,000. Days on market declined from 54 to 50, showing that competitively priced units continued to attract steady interest even as buyers benefited from more selection.
Plex Sales Surge 20%
Plex properties from 2 to 5 units remained the standout category. Sales increased by 20%, and the median price rose by 8% to $850,000. Days on market dropped sharply from 65 to 47. Higher condo fees across the region and strong rental demand encouraged more buyers to consider plexes as an ownership alternative.
Why Conditions Tightened Even as Supply Increased
Market conditions tightened again in October for several reasons. Buyer confidence strengthened following the fall rate environment, and many households were better prepared to move quickly on listings. Condo fees in the Montreal area have increased 50% over the past 5 years, influencing qualification and steering some buyers toward plexes. Even with more condo supply coming onto the market, selling times fell, and prices continued rising across all 3 property types. For single-family and plex properties, constrained supply played a significant role in maintaining stronger competition.
Current Market Conditions Affecting Buyers and Sellers
Buyers benefited from increased selection in the condo segment but continued to face tight conditions in the single-family and plex markets, where supply remains limited. Sellers need precise pricing and a strong presentation to stay competitive, especially amid rising condo inventory. Homes in all major categories sold faster than last year, indicating firm demand and reinforcing the importance of a strong listing strategy. Those renewing their mortgages continued to navigate a market with solid property values, while homeowners looking to refinance may find rising prices supportive of rising equity.
Month-over-Month Market Expectations for Montreal
Transactions – Number of Sales
The number of sales in Montreal was 3,968 during October 2025, that’s increased by 12.7% compared to the previous month. On a year-over-year basis, sales in Montreal have increased by 3.8% over the last 12 months.
New Listings
The number of new listings in Montreal was 6,568 during October 2025, that’s decreased by 7.9% compared to the previous month. On a year-over-year basis, new listings in Montreal have increased by 5% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 60% during October 2025, indicating a Balanced. On a monthly basis, that’s increased by 22.5% compared to the previous month. Montreal’s yearly sales to new listings ratio has decreased by 1.1% 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 $1,954 for the month of October 2025, which decreased by 1.6% on a year-over-year basis.
The average rent for a bachelor apartment in Montreal was $0 for the month of October 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Montreal was $1,721 for the month of October 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,255 for the month of October 2025, which decreased by 0.4% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Montreal was $1,721 for the month of October 2025, which decreased by 0.4% on a year-over-year basis.
How Does Renting Compare with Homeownership in Montreal?
Each $100,000 in mortgage balance costs an average of $509.35 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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