Montreal Housing Market Outlook 2026
Montreal Supply Climbs 18% as Home Sales Pull Back Sharply
According to the Quebec Professional Association of Real Estate Brokers (QPAREB), 2,853 residential sales closed across Montreal in August 2026, down 13% from a year earlier and 2% lower than July on a seasonally adjusted basis. The slowdown hit every major geographic area and property segment, alongside a substantial build in supply.
- Active listings rose 18% year over year to 20,128, with new listings up 7% to 5,874. The increase in active supply was broad: condominium listings rose 19%, single-family 17%, and plexes 15%.
- Prices have not followed sales down. The composite MLS HPI benchmark was $583,900 in August, up 2.2% from a year ago, although it eased 1.1% month-over-month. The sales-to-new-listings ratio of 48.6% leaves the region balanced.
- Plexes led annual price growth at 3.3% to $617,600, with condominiums up 3.4% to $438,600 and single-family homes up 2.3% to $692,400. Montreal remains one of the few major Canadian markets with positive annual price movement across every segment.
Montreal mirrors Toronto this month. Buyers here are gaining choice as property values continue to climb—an unusual, likely temporary combination. Compare mortgage rates in Montreal and contact our nesto mortgage experts to understand what you can carry before the inventory advantage fades.
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Montreal Housing Market Highlights
- The average selling price of a home in Montreal increased by 2.21% year-over-year to $583,900 in August 2026.
- The average selling price of a single-family home in Montreal increased by 2.30% year-over-year to $692,400 in August 2026.
- The average selling price of a townhouse/multiplex in Montreal increased by 3.33% year-over-year to $617,600 in August 2026.
- The average selling price of a condo in Montreal increased by 3.44% year-over-year to $438,600 in August 2026.
- October 2, 2026: Today’s lowest mortgage rate in Montreal is 4.59% 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 August 2026 was $583,900, and it increased by 2.21% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 48.6%, indicating balanced market conditions in Montreal for August 2026.
| Montreal | Composite Price August 2026 | Composite Price July 2026 | YoY Change (%) | MoM Change (%) |
|---|---|---|---|---|
| Single Family Home | $692,400 | $703,000 | increased by 2.30% | decreased by 1.51% |
| Townhouse/Multiplex | $617,600 | $608,400 | increased by 3.33% | increased by 1.51% |
| Condo / Apartments | $438,600 | $439,800 | increased by 3.44% | decreased by 0.27% |
| Composite | $583,900 | $590,200 | increased by 2.21% | decreased by 1.07% |
Montreal Home Price Changes Over The Last Decade
Composite Home Prices
The average selling price of a home in Montreal was $583,900 for the month of August 2026, that’s decreased by 1.07% month-over-month. On a year-over-year basis, Montreal home prices have increased by 2.21%.
Composite Home Prices in Montreal
Monthly changes to Montreal’s composite home prices over the last 10 years.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $692,400 for the month of August 2026; that’s decreased by 1.51% month-over-month. On a year-over-year basis, single-family home prices in Montreal have increased by 2.30%.
Single-Family Home Prices in Montreal
Monthly changes to Montreal’s single-family home prices over the last 10 years.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $617,600 for the month of August 2026; that’s increased by 1.51% month-over-month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 3.33%.
Townhouse and Multiplex Prices in Montreal
Monthly changes to Montreal’s townhouse and multiplex home prices over the last 10 years.
Condo Prices
The average selling price of a condo in Montreal was $438,600 for the month of August 2026; that’s decreased by 0.27% month-over-month. On a year-over-year basis, the price of a condo in Montreal has increased by 3.44%.
Condo Prices in Montreal
Monthly changes to Montreal’s condominium apartment home prices over the last 10 years.
Montreal Housing Market Conditions
Number of Home Sales
Montreal home sale volume was 2,853 during August 2026, a decreased by 14.53% month-over-month. On a year-over-year basis, sales in Montreal have decreased by 14.32%.
Home Sales in Montreal
Montreal’s home sale transactions over the past 12 months.
New Listings
New listings in Montreal totalled 5,874 during August 2026, a increased by 11.67% month-over-month. On a year-over-year basis, new listings in Montreal have increased by 5.25%.
New Listings in Montreal
Montreal’s new listings over the past 12 months.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Montreal was 48.6% during August 2026, indicating a balanced market. That’s decreased by 23.46% month-over-month. Montreal’s yearly sales-to-new-listings ratio has decreased by 18.59%.
SNLR in Montreal
Monthly change in Montreal’s sales-to-new-listings ratio (SNLR) over the past 12 months.
The sales-to-new-listings ratio (SNLR) measures home sales relative 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% indicates a balanced market, while an SNLR over 60% indicates a seller’s market.
Market Conditions in Montreal
| Sep 2025 | balanced market |
| Oct 2025 | sellers market |
| Nov 2025 | sellers market |
| Dec 2025 | sellers market |
| Jan 2026 | buyers market |
| Feb 2026 | balanced market |
| Mar 2026 | balanced market |
| Apr 2026 | balanced market |
| May 2026 | sellers market |
| Jun 2026 | sellers market |
| Jul 2026 | sellers market |
| Aug 2026 | balanced market |
SNLR — last 12 months
Monthly change in Montreal’s market conditions over the past 12 months.
Short-Term Composite Home Price Trend in Montreal
Monthly changes to Montreal’s composite home price over the last 12 months.
Montreal Market Rents Snapshot
The average rent in Montreal was $1,957 in August 2026 and was decreased by 1.16% year-over-year.
The average rent for a 1-bedroom apartment in Montreal was $1,742 for August 2026 and was increased by 1.34% year-over-year.
The average rent for a 2-bedroom apartment in Montreal was $2,259 for August 2026 and was decreased by 0.35% year-over-year.
Average Rents for Cities Across Canada
| Rank | City | Total Avg | 1 Bed | 2 Bed |
|---|---|---|---|---|
| 1 | North Vancouver | $3,036 | $2,501 | $3,434 |
| 2 | Vancouver | $2,729 | $2,350 | $3,248 |
| 3 | Oakville | $2,695 | $2,316 | $3,021 |
| 4 | Toronto | $2,571 | $2,221 | $2,939 |
| 5 | Kanata | $2,524 | $2,251 | $2,754 |
| 6 | Burnaby | $2,520 | $2,119 | $2,724 |
| 7 | North York | $2,519 | $2,085 | $2,690 |
| 8 | Coquitlam | $2,510 | $2,087 | $2,709 |
| 9 | Etobicoke | $2,441 | $2,081 | $2,653 |
| 10 | Vaughan | $2,422 | $2,110 | $2,516 |
| 11 | Burlington | $2,386 | $2,068 | $2,425 |
| 12 | Halifax | $2,365 | $1,999 | $2,591 |
| 13 | Mississauga | $2,346 | $2,042 | $2,443 |
| 14 | Barrie | $2,332 | $2,103 | $2,472 |
| 15 | Langley | $2,266 | $1,911 | $2,480 |
| 16 | Brampton | $2,259 | $1,971 | $2,351 |
| 17 | Victoria | $2,255 | $1,994 | $2,649 |
| 18 | Guelph | $2,224 | $1,927 | $2,276 |
| 19 | New Westminster | $2,203 | $1,901 | $2,655 |
| 20 | Kingston | $2,200 | $1,933 | $2,353 |
| 21 | Ottawa | $2,200 | $1,958 | $2,470 |
| 22 | Scarborough | $2,187 | $1,835 | $2,319 |
| 23 | Surrey | $2,185 | $1,796 | $2,250 |
| 24 | Ajax | $2,182 | $1,890 | $2,241 |
| 25 | Waterloo | $2,169 | $1,922 | $2,337 |
| 26 | Laval | $2,130 | $1,726 | $2,352 |
| 27 | Nanaimo | $2,078 | $1,844 | $2,251 |
| 28 | Kelowna | $2,073 | $1,823 | $2,248 |
| 29 | East York | $2,056 | $1,792 | $2,379 |
| 30 | Brossard | $2,044 | $1,767 | $2,139 |
| 31 | Cambridge | $2,027 | $1,834 | $2,174 |
| 32 | Oshawa | $2,023 | $1,740 | $2,019 |
| 33 | Niagara Falls | $1,978 | $1,659 | $1,958 |
| 34 | Airdrie | $1,966 | $1,429 | $1,774 |
| 35 | Greater Sudbury | $1,959 | $1,720 | $2,101 |
| 36 | Kamloops | $1,957 | $1,750 | $2,026 |
| 37 | Montreal | $1,957 | $1,742 | $2,259 |
| 38 | Kitchener | $1,938 | $1,691 | $2,084 |
| 39 | Hamilton | $1,921 | $1,653 | $2,135 |
| 40 | London | $1,913 | $1,651 | $2,030 |
| 41 | Brantford | $1,911 | $1,787 | $2,025 |
| 42 | Peterborough | $1,892 | $1,680 | $1,918 |
| 43 | Calgary | $1,885 | $1,508 | $1,845 |
| 44 | St. Catharines | $1,810 | $1,530 | $1,921 |
| 45 | Gatineau | $1,776 | $1,607 | $1,857 |
| 46 | Welland | $1,754 | $1,505 | $1,978 |
| 47 | Côte Saint-Luc | $1,710 | $1,405 | $1,966 |
| 48 | Windsor | $1,670 | $1,475 | $1,906 |
| 49 | Winnipeg | $1,646 | $1,426 | $1,754 |
| 50 | Edmonton | $1,631 | $1,275 | $1,646 |
| 51 | Sarnia | $1,607 | $1,438 | $1,674 |
| 52 | Quebec City | $1,586 | $1,299 | $1,677 |
| 53 | Red Deer | $1,573 | $1,345 | $1,515 |
| 54 | Lethbridge | $1,545 | $1,334 | $1,572 |
| 55 | Saskatoon | $1,517 | $1,295 | $1,531 |
| 56 | Regina | $1,468 | $1,291 | $1,536 |
| 57 | Fort McMurray | $1,378 | $1,163 | $1,382 |
| 58 | Medicine Hat | $1,371 | $1,228 | $1,381 |
| 59 | Lloydminster | $1,330 | $1,056 | $1,412 |
| 60 | St. John's | $1,293 | $1,136 | $1,453 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province
| LOCATION | Total | 1B | 2B |
|---|---|---|---|
| AB | $1,776 | $1,405 | $1,747 |
| BC | $2,387 | $2,048 | $2,634 |
| MB | $1,643 | $1,419 | $1,742 |
| ON | $2,256 | $1,968 | $2,437 |
| QC | $1,931 | $1,690 | $2,149 |
| SK | $1,461 | $1,265 | $1,502 |
| Atlantic Canada | $2,274 | $1,909 | $2,434 |
| Canada | $2,035 | $1,753 | $2,146 |
Average Rent by Property Type Across Canada
| TYPE | Total | 1B | 2B |
|---|---|---|---|
| All | $2,035 | $1,753 | $2,146 |
| Apartment | $2,038 | $1,799 | $2,232 |
| Condominium | $2,050 | $1,827 | $2,170 |
| House/Townhouse | $2,014 | $1,305 | $1,733 |
How Does Renting Compare With Homeownership in Montreal?
Each $100,000 in mortgage balance costs an average of $564 per month on nesto’s lowest fixed 5-year rate at 4.59%, and $506 per month on nesto’s lowest adjustable 5-year rate at 3.45%.
On the variable side, a 0.25% change in the Bank of Canada’s policy rate moves that payment by roughly $13.47 per $100,000 if rates rise, or $13.27 if they fall. Fixed payments aren’t affected the same way mid-term—a fixed rate is locked for the term and tracks bond yields, not the policy rate directly, so this sensitivity applies only to the variable side.
The interest rates used for the calculation are those offered on insured purchases with less than a 20% down payment, on a 25-year amortization, as of October 2, 2026 and are subject to change. Canada’s policy rate is 2.25%, and nesto’s prime rate is 4.45%.
We're curious…
Frequently Asked Questions (FAQ) About the Montreal Housing Market in 2026
Are Montreal Housing Market Conditions Favouring Buyers or Sellers in 2026?
Montreal housing market conditions are balanced in 2026, with the sales-to-new-listings ratio at 48.6% in August. That balance masks a genuine shift toward buyers on the supply side: active listings climbed 18% year over year to 20,128, spread broadly across condominiums, single-family homes and plexes. Sales fell 13% over the same period, so buyers’ improved choice comes from rising inventory rather than prices giving ground.
Are Home Prices in Montreal Going Up or Down in 2026?
Home prices in Montreal are rising in 2026 across every property segment, an unusual pattern nationally. The composite benchmark reached $583,900 in August, up 2.2% year over year, with plexes leading annual growth at 3.3% to $617,600, condominiums up 3.4% to $438,600, and single-family homes up 2.3% to $692,400. Montreal is one of the few major Canadian markets posting positive annual price movement in every category at once.
Why Are Montreal Sales Falling While Supply and Prices Both Climb?
Montreal sales are pulling back even as supply and prices climb because the demand slowdown has been broad enough to outpace new listings coming online, without yet being severe enough to soften values. August sales fell 13% year over year and 2% from July on a seasonally adjusted basis, while active listings rose 18% across every major segment. Prices haven’t needed to adjust downward to clear that extra supply, at least so far.
How Does Montreal Compare With Toronto Right Now?
Montreal and Toronto are moving in opposite directions this month. Montreal’s composite benchmark rose 2.2% year over year to $583,900 while sales fell 13% and active listings climbed 18%. Toronto’s benchmark fell 4.5% over the same period while new listings dropped 14.1%, tightening supply even as sales held nearly flat. Buyers gain ground in Montreal through more choice; in Toronto, through lower prices.
What Is Limiting Montreal Housing Demand in 2026?
Weaker underlying demand, not affordability alone, is limiting Montreal sales in 2026, since prices have continued rising even as transactions fall. August sales were down 13% year over year across every geographic area and every property segment, a breadth that points to demand softening broadly rather than buyers being priced out of one particular category. The mortgage stress test remains a qualifying constraint regardless, requiring borrowers to qualify at a rate above what they will actually pay.
Is It Cheaper to Rent or Buy in Montreal in 2026?
Montreal is unusual in 2026: home prices keep climbing even as the rent-versus-buy gap shifts nationally. The composite benchmark is up 2.2% year over year, while asking rents nationally have fallen for six of the past seven provinces. Which option costs less over time still depends on how long it takes to save the down payment, how long you plan to stay, and the mortgage rate you qualify for.
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.
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