Montréal Housing Market Outlook 2026

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Montréal Buyers Hit Pause as Economic Uncertainty Weighs on Spring Sales

According to the Quebec Professional Association of Real Estate Brokers (QPAREB) and the Government of Québec for April 2026, the Montréal CMA recorded 4,744 residential transactions, down 7% from April 2025. The slowdown came during what is typically the strongest stretch of the year, with all property categories and all six geographic sectors posting drops. Despite the dip, sales volume remains close to the 10-year average, and prices continue to climb.

• Single-family homes saw a 7% decline in sales, with the median price landing at $645,000, up 3.2% year-over-year but cooling from the 6.9% gain posted two months earlier. Condos also saw sales fall 7%, with median prices barely up 0.2% annually. Plexes took the hardest hit, with a 9% drop in sales.
• Active listings climbed to 20,959, marking the ninth consecutive month of year-over-year inventory gains. Condo listings surged 21% annually, while single-family listings rose 9%. The sales-to-new-listings ratio eased to 58%, still balanced but the lowest reading in several months. Months of inventory edged up to 5.4.
• QPAREB economist Camille Laberge attributed the pullback to “the current economic uncertainty as well as by the high price levels in Montréal, which continue to pose a significant affordability challenge, particularly for first-time buyers.” She noted “a certain degree of caution among buyers since early 2026,” suggesting the spring market may not deliver its usual seasonal acceleration this year.

Montréal’s expanding inventory gives buyers more time and options, but home prices haven’t corrected as they have started to in Toronto or Vancouver. If you’re weighing your entry point, a mortgage pre-approval can help you move quickly when the right property appears. Contact nesto mortgage experts to get started.

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Montreal Housing Market Highlights

• The average selling price of a home in Montreal increased by 3.6% year-over-year to $594,400 in April.
• The average selling price of a single-family home in Montreal increased by 4.3% year-over-year to $707,700 in April.
• The average selling price of a townhouse/multiplex in Montreal decreased by 0.5% year-over-year to $615,100 in April.
• The average selling price of a condo in Montreal increased by 3.3% year-over-year to $440,000 in April.
• The average rent in Montreal is now $1,971 for April.
• May 22, 2026: Today’s lowest mortgage rate in Montréal is 4.14% 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 April was $594,400, and it increased by 3.6% compared to a year ago.

QPAREB also reported a sales-to-new-listings ratio (SNLR) of 58%, indicating a Balanced market conditions in Montreal for April.

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Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

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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Montreal Market Rents Snapshot

The average rent in Montreal was $1,971 for April.

The average rent for a 1-bedroom apartment in Montreal was $1,793 for the month of April, which increased by 3.4% year over year.

The average rent for a 2-bedroom apartment in Montreal was $2,341 for the month of April, which increased by 3% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$3,001	$2,523	$3,358	−5.7%
2	Vancouver	$2,679	$2,358	$3,317	−2.8%
3	Toronto	$2,504	$2,208	$2,863	−2.1%
4	North York	$2,488	$2,098	$2,654	−1.4%
5	Burnaby	$2,484	$2,119	$2,774	−6.7%
6	Oakville	$2,464	$2,201	$2,582	−13.9%
7	Etobicoke	$2,431	$2,111	$2,639	−4.1%
8	Kanata	$2,424	$2,248	$2,569	−7.9%
9	Coquitlam	$2,416	$2,125	$2,677	−9.7%
10	Burlington	$2,376	$2,124	$2,442	−5.2%
11	Mississauga	$2,355	$2,062	$2,440	−5.4%
12	Vaughan	$2,314	$2,078	$2,586	−1.3%
13	Langley	$2,289	$1,946	$2,456	−1.7%
14	Victoria	$2,271	$1,968	$2,607	−2.2%
15	Halifax	$2,256	$2,030	$2,534	−2.4%
16	Scarborough	$2,250	$1,895	$2,373	−6.3%
17	Brampton	$2,228	$1,939	$2,283	0.90%
18	Kingston	$2,228	$1,887	$2,333	12.40%
19	Waterloo	$2,210	$2,029	$2,358	−3.2%
20	Ajax	$2,192	$1,983	$2,196	−0.1%
21	East York	$2,186	$1,863	$2,498	−3.0%
22	Guelph	$2,171	$1,917	$2,231	−6.4%
23	Ottawa	$2,151	$1,945	$2,472	−4.0%
24	New Westminster	$2,145	$1,942	$2,684	−1.1%
25	Barrie	$2,128	$1,912	$2,229	−1.3%
26	Surrey	$2,108	$1,801	$2,183	−9.8%
27	Laval	$2,073	$1,708	$2,360	11.20%
28	Kamloops	$2,064	$1,837	$2,103	−3.3%
29	Kelowna	$2,051	$1,739	$2,219	−4.0%
30	Greater Sudbury	$2,026	$1,795	$2,186	−10.8%
31	Cambridge	$2,019	$1,812	$2,109	−4.5%
32	Nanaimo	$2,015	$1,820	$2,213	1.20%
33	Peterborough	$2,008	$1,729	$1,984	−1.3%
34	Airdrie	$1,999	$1,501	$1,771	0.30%
35	Hamilton	$1,981	$1,717	$2,317	6.20%
36	Montreal	$1,971	$1,793	$2,341	3.00%
37	Oshawa	$1,964	$1,713	$2,016	−5.6%
38	Brantford	$1,929	$1,752	$2,103	4.90%
39	London	$1,925	$1,680	$2,055	−4.6%
40	Brossard	$1,913	$1,726	$2,030	−12.5%
41	Kitchener	$1,889	$1,714	$2,061	−6.6%
42	Calgary	$1,869	$1,522	$1,842	−3.7%
43	Niagara Falls	$1,845	$1,688	$1,999	−3.4%
44	St. Catharines	$1,800	$1,621	$1,895	−3.9%
45	Gatineau	$1,780	$1,592	$1,895	−8.0%
46	Welland	$1,769	$1,576	$1,927	5.10%
47	Côte Saint-Luc	$1,751	$1,443	$2,006	−13.2%
48	Sarnia	$1,693	$1,493	$1,789	−4.5%
49	Winnipeg	$1,662	$1,446	$1,793	0.80%
50	Windsor	$1,615	$1,482	$1,790	−9.1%
51	Edmonton	$1,603	$1,279	$1,637	−1.0%
52	Red Deer	$1,585	$1,340	$1,523	−0.7%
53	Saskatoon	$1,534	$1,323	$1,562	−0.8%
54	Lethbridge	$1,500	$1,332	$1,519	−1.1%
55	Quebec City	$1,481	$1,323	$1,683	−3.3%
56	Regina	$1,452	$1,301	$1,533	1.60%
57	Medicine Hat	$1,403	$1,240	$1,394	0.30%
58	Fort McMurray	$1,357	$1,164	$1,410	−1.0%
59	Lloydminster	$1,264	$1,069	$1,333	6.10%
60	St. John's	$1,125	$1,073	$1,249	5.60%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Montréal?

Each $100,000 in mortgage balance costs an average of $533.64 per month on nesto’s lowest fixed 5-year rate at 4.14% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About Montréal Housing Market Outlook for 2026

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Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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