Montréal Housing Market Outlook 2025
Table of contents
Montréal Market Report Summary
- The average selling price of a home in Montreal increased by 7.3% year-over-year to $576,800 in June 2025.
- The average selling price of a single-family home in Montreal increased by 7.9% year-over-year to $684,800 in June 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 2.6% year-over-year to $612,900 in June 2025.
- The average selling price of a condo in Montreal increased by 5.1% year-over-year to $424,900 in June 2025.
- The average rent in Montreal decreased by 2% year-over-year to $1,966 for June 2025.
- July 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 $576,800 for the month of June 2025, that’s decreased by 0.6% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 7.3% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $684,800 for the month of June 2025, that’s increased by 0.5% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 7.9% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $612,900 for the month of June 2025, that’s increased by 0.4% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 2.6% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $424,900 for the month of June 2025, that’s decreased by 3.1% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 5.1% 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 June 2025 was $576,800, and it increased of 7.3% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 78%, indicating a Sellers in Montreal for June 2025.
Montréal Housing Market Heats Up in June as Prices Climb and Sales Surge
According to the Québec Professional Association of Real Estate Brokers (QPAREB), home sales in the Montreal CMA jumped 15.5% year-over-year in June, with 4,385 properties changing hands, up from 3,798 in June 2024. This increase was seen across nearly every property type and sub-region, with the Island of Montreal and Laval leading the way. Active listings ticked up slightly by 1.8% to 18,122, mainly due to an increase in condo inventory. At the same time, new listings grew by 6.4%, offering more options for homebuyers in an otherwise tight market.
- Median prices rose 7.4% for single-family homes, reaching $627,000
- Plexes (2–5 units) were up 7.1%, with a median price of $830,000
- Condominiums rose 6.6% year-over-year to a median price of $426,494
- Average days on market fell sharply across all property types
Compared to Toronto and Vancouver, Montreal remains relatively affordable. While Royal LePage noted a slight quarter-over-quarter price dip of 0.8%, the Montréal region still outpaced both cities in annual price growth, posting a 3.5% increase compared to declines in Toronto (-3.0%) and Vancouver (-2.6%).
Meanwhile, rents in the Montreal area continue to climb. Statistics Canada reports that average asking rents for two-bedroom units have surged 71% since 2019, hitting $1,930 in 2025. One-bedrooms now average $1,540, up 57% over the same period. CMHC data also shows homeownership costs have worsened dramatically, now requiring 48% of the average income, up from 34% in 2019. This erosion of affordability makes Montreal the most severely affected major urban market in Canada.
Experts are split on the solution. CMHC emphasizes the need for a massive new supply, suggesting 72,000 units annually would be needed to restore affordability by 2035. However, critics argue that building more high-end units won’t solve the problem unless paired with policy changes, such as stronger rent control and zoning reform.
Mortgage Strategy Takeaways as Montreal Stays Resilient
Despite signs of market cooling, Montreal’s momentum shows no real cracks yet. For homebuyers, now may be a rare window to enter before prices climb higher, especially with demand staying firm and inventory growth limited to condos. Renewers dealing with elevated mortgage rates should assess their ability to carry monthly payments in light of higher property taxes and rising rent alternatives.
For refinancers, strong home price appreciation continues to support equity takeout. However, homeowners looking to refinance should watch for potential rent to soften in overstretched segments of the market if the plan is to use home equity to purchase a small rental/investment property.
As for the Bank of Canada, the resilience in Montreal real estate, paired with high shelter costs, reinforces the need for a gradual approach to any future rate cuts. A continued slowdown in national inflation, especially in rent and mortgage interest, may open the door to policy rate cuts later this year; however, regional strength, such as Montreal’s, will remain a wildcard in the central bank’s decision-making.
Month-over-Month Market Expectations for Montreal
Transactions – Number of Sales
The number of sales in Montreal was 4,385 during June 2025, that’s decreased by 12.2% compared to the previous month. On a year-over-year basis, sales in Montreal have increased by 15.5% over the last 12 months.
New Listings
The number of new listings in Montreal was 5,654 during June 2025, that’s decreased by 25.6% compared to the previous month. On a year-over-year basis, new listings in Montreal have increased by 6.4% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 78% during June 2025, indicating a Sellers. On a monthly basis, that’s increased by 18% compared to the previous month. Montreal’s yearly sales to new listings ratio has increased by 8.5% 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 $1,966 for the month of June 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 June 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 June 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,259 for the month of June 2025, which decreased by 2% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Montreal was $1,730 for the month of June 2025, which decreased by 2% on a year-over-year basis.
How Does Renting Compare with Homeownership in Montreal?
Each $100,000 in mortgage balance costs an average of $522.77 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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