Montreal Housing Market Outlook 2025
Table of contents
Montreal Market Report Summary
- The average selling price of a home in Montreal increased by 8.2% year-over-year to $574,900 in April 2025.
- The average selling price of a single-family home in Montreal increased by 9.2% year-over-year to $680,200 in April 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 3.9% year-over-year to $615,700 in April 2025.
- The average selling price of a condo in Montreal increased by 5.4% year-over-year to $427,000 in April 2025.
- The average rent in Montreal decreased by 3.0% year-over-year to $1,989 for April 2025.
- May 31, 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 $574,900 for the month of April 2025, that’s increased by 1.1% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 8.2% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $680,200 for the month of April 2025, that’s increased by 1.3% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 9.2% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $615,700 for the month of April 2025, that’s increased by 1.7% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 3.9% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $427,000 for the month of April 2025, that’s increased by 0.4% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 5.4% over the last 12 months.
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Montreal 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 April 2025 was $574,900, and it increased of 8.2% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 66%, indicating a sellers market in Montreal for April 2025.
Montréal Defies National Slowdown with April Sales Surge
According to the Québec Professional Association of Real Estate Brokers (QPAREB) for April 2025, Montréal’s housing market is holding firm against the broader national cooling trend. Residential sales totalled 5,126 in the Montréal Census Metropolitan Area (CMA), marking a 10.4% YoY increase and outperforming most other major Canadian cities. While economic uncertainty and trade-related concerns affect market sentiment nationally, Montréal benefits from falling interest rates, eased mortgage insurance rules, and relatively balanced local conditions.
Montréal Market Resilience Stands Out
April’s performance was notable, with transactional activity sitting 8% above the historical average for the month. QPAREB states increased activity is driven by improving affordability conditions and robust demand across nearly all property segments. Despite a rise in new listings (up 12.1% YoY), active listings were up only modestly (2.3%), indicating continued strong absorption rates, especially in the suburbs.
- Total sales in April: 5,126 (↑ 10.4% YoY)
- New listings: 7,721 (↑ 12.1% YoY)
- Active listings: 18,731 (↑ 2.3% YoY)
- Median price (all property types): ↑ 10% YoY
Montréal Home Price Trends
Montréal continues to post solid price gains across housing types:
- Single-family homes: ↑ 8.7% YoY to $625,000
- Condominiums: ↑ 6.1% YoY to $424,500
- Plexes (2–5 units): ↑ 10% YoY to $830,500
Prices rose month-over-month, with single-family homes and condos posting gains of 2.5% and 1.1%, respectively. These increases reflect market strength and a shift in buyer interest back toward ownership as borrowing conditions improve.
Montréal Market Demand and Inventory Levels
Sustained buyer activity has helped keep conditions tight, especially in suburban markets like the South Shore and North Shore. In April, the sales-to-new listings ratio for single-family homes hit 76% and 81% in those respective areas, well above the 50% benchmark for a balanced market. This demand dynamic is fuelling renewed competition and localized price acceleration, including bidding wars in specific neighbourhoods.
Notably, the South Shore has overtaken Laval as the most expensive suburban market bordering the Island of Montréal, with a single-family median price of $634,000 compared to $600,000 in Laval. The peripheral regions remain seller-friendly, supported by limited supply and improving affordability driven by lower interest rates.
Montréal’s housing market continues to buck the national trend of slowing sales and declining prices. The city’s more balanced conditions, recent mortgage insurance changes, and falling interest rates have reignited buyer interest, especially in the suburbs. As demand remains firm and inventory absorption accelerates, Montréal appears poised to maintain its momentum through the summer.
Month-over-Month Market Expectations for Montreal
Transactions – Number of Sales
The number of sales in Montreal was 5,126 during April 2025, that’s increased by 3.0% compared to the previous month. On a year-over-year basis, sales in Montreal have increased by 9.3% over the last 12 months.
New Listings
The number of new listings in Montreal was 7,721 during April 2025, that’s decreased by 1.7% compared to the previous month. On a year-over-year basis, new listings in Montreal have increased by 8.8% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 66% during April 2025, indicating a sellers market. On a monthly basis, that’s increased by 4.8% compared to the previous month. Montreal’s yearly sales to new listings ratio has increased by 0.5% 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 $1,989 for the month of April 2025, which decreased by 3.0% on a year-over-year basis.
The average rent for a bachelor apartment in Montreal was $0 for the month of April 2025, which 0 by 0 % on a year-over-year basis.
The average rent for a 1-bedroom apartment in Montreal was $1,735 for the month of April 2025, which decreased by 1.0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,280 for the month of April 2025, which decreased by 3.0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Montreal was $1,735 for the month of April 2025, which decreased by 3.0% on a year-over-year basis.
How Does Renting Compare with Homeownership in Montreal?
Each $100,000 in mortgage balance costs an average of $533.43 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.
Housing Market Glossary and Definitions
MLS® Home Price Index (HPI)
The MLS® Home Price Index (HPI) is a real estate price index compiled by the Canadian Real Estate Association (CREA) that tracks the price of homes in your neighbourhood. It’s a quick way for Canadians to compare home prices in different parts of Canada and between different periods without having to factor in the unique characteristics of a particular property.
While market prices can vary from one month to the next based on seasonal factors, the Home Price Index (HPI) provides a more consistent view and tracks price trends over an extended period. The Home Price Index (HPI) is updated annually in May to reflect changes in real estate markets.
MLS® HPI is the most comprehensive and precise way to track a neighbourhood’s home price level and trends. MLS HPI uses over 15 years of data from the MLS® System and advanced statistical models to create a “typical” home based on the characteristics of homes purchased and sold. This benchmark home is tracked across all Canadian neighbourhoods and various types of homes.
Strata insurance
Strata insurance is insurance that a strata or condominium uses to cover damages to common areas, assets and liabilities to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. Strata insurance can cover the following:
- Buildings and structures on the strata’s property, including common areas such as the garage, roof, lobby, pool, etc.,
- Liabilities for any property damage or bodily harm due to an injury suffered on a strata property,
- Which also includes fixtures in the standard unit or part of the original make of each unit.
Strata insurance generally does not cover personal belongings and appliances in a condo unit. Damage caused by individual unit owners (e.g., water damage due to a unit owner’s negligence) is typically covered under personal condo insurance.
Property Types
Detached homes, also known as single-family homes, are residential properties that stand alone and are not connected to other buildings. They are legal single residential units on their own parcel of land and have a separate title.
Semi-detached homes are characterized by their unique architectural design. Two houses are built side by side and share a common wall. Although sharing a building, semi-detached homes have their own parcel of land and separate legal titles.
Townhouses are residential dwellings typically characterized by narrow, tall structures, often sharing walls with neighbouring units. Although they may share yards or common elements with their neighbours, townhouses will have separate legal titles from any adjoining building. Townhouses can be purchased as freehold or leasehold within a condo or strata and may come with their own land parcel. Townhouses can be part of a low-rise or high-rise building.
Condo apartments, also known as condominiums, are residential properties that combine elements of apartments and individual homes. It is a unit within a larger building or complex owned by an individual who also shares ownership of common areas and amenities with other residents. Condo apartment owners have legal ownership of their units and can modify them within the guidelines set by the condominium association. Unlike a townhouse, condos do not offer exclusive use of outdoor space unless they come with a balcony or terrace. Condos can be part of a low-rise or high-rise building.
Plexes or multiplexes are unique residential buildings constructed into 2 to 6 units within a single structure. Traditionally, they have been designed as low-rise residential buildings where any unit is accessible via an external entrance with higher floors connected by staircases. Each unit will have a separate registration and title but may share common elements and co-ownership fees with the other multiplex owners. Plexes are common in Québec and older parts of Toronto.
Property Ownership Classes
A freehold is a type of property ownership where an individual or entity has complete and indefinite ownership rights over a property and its parcel of land. Common freehold property types include detached houses, semi-detached houses, farms, and townhouses not part of condominium corporations.
A condominium or condo is a distinct type of property class that combines apartment living and individual homeownership elements. In a condominium, individual units are owned by the residents, while the common areas and amenities are shared among all the unit owners. This type of ownership gives you rights to your specific unit and some rights and responsibilities to the common areas, such as the hallways, elevators, garage, pool and rooftop patios.
A leasehold is a legal arrangement where a person or entity holds the right to use and occupy a property for a specific period, typically through a lease agreement. In some cases, the leaseholder may own the building or unit and rent the land from the landowner (landlord).
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