Montréal Housing Market Outlook 2026

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Home Prices and Sales Diverge in Montreal

Montreal’s housing market entered 2026 with continued moderation in sales activity, extending the slowdown that began in late 2025. While transaction volumes have declined, price growth remains positive, indicating the market is transitioning to more balanced conditions rather than entering a correction.

Is the Montreal Housing Market Slowing Down?

Yes, transaction volume has weakened meaningfully compared to last year. The slowdown is broad-based across single-family homes and condominiums, while plexes remain relatively resilient.

This divergence indicates that housing in Québec is currently not following the pattern observed in other provinces for investment and income properties. While volumes continue to decline, prices for multi-unit properties are holding up, indicating that demand for these properties remains intact despite affordability pressures that reduce entry-level activity.

Are Montreal Home Prices Falling?

No, home prices in Montreal continue to rise across major property categories. The pace of growth is slower than during peak acceleration years, but scarcity continues to support valuations.

A key distinction of a true correction is that prices fall before volume stabilizes. In Montreal, volume softened first while prices remained firm. That tells us supply constraints are still the dominant force.

Plex pricing has shown stronger upward pressure than condos, reinforcing the demand for income-producing properties in a rental market that remains structurally tight.

Is the Montreal Condo Market Rebalancing?

The condominium segment is showing clearer signs of normalization in Montreal. Inventory has increased more substantially in this category than in single-family homes.

When condo listings rise while sales decline, negotiating power shifts slightly toward buyers. However, conditions remain far from a buyer’s market; consider this controlled rebalancing, not oversupply.

Are Montreal Homes Sitting Longer on the Market?

Despite weaker home sales, properties in Montreal are not lingering on the market. Days on market remain below long-term historical norms in most segments across the metropolitan area.

This pattern indicates that demand continues to absorb well-priced inventory efficiently. The slowdown is due to fewer buyers qualifying or choosing to transact, not to a lack of interest.

What Is Driving Montreal’s 2026 Market Direction?

Several structurally moderating forces point to moderation, rather than a decline:

• Mortgage rates have stabilized, reducing uncertainty but not restoring pandemic-era affordability.
• Rental construction remains elevated, increasing future supply and gradually lifting vacancy rates.
• Younger households face affordability and employment constraints, limiting momentum among first-time buyers.
• Existing homes remain more attractive than new builds due to construction costs.

Is Montreal Heading for a Correction?

Montreal is experiencing a healthy marker rather than a weak one, suggesting stabilization following an acceleration into 2026. Financial hardship metrics remain contained, and supply in key segments remains below levels that would trigger price declines.

Montreal is moving toward balance. Sales are softer, condo inventory is rising gradually, and price growth is slowing. But structural undersupply and disciplined borrowing behaviour continue to prevent a downward price cycle.

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Montreal Housing Market Highlights

• The average selling price of a home in Montreal increased by 5.9% year-over-year to $573,300 in January.
• The average selling price of a single-family home in Montreal increased by 6.4% year-over-year to $676,900 in January.
• The average selling price of a townhouse/multiplex in Montreal increased by 6% year-over-year to $604,100 in January.
• The average selling price of a condo in Montreal increased by 3.3% year-over-year to $425,900 in January.
• The average rent in Montreal is now $1,953 for January.
• February 18, 2026: Today’s lowest mortgage rate in Montréal is 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 January was $573,300, and it increased by 5.9% compared to a year ago.

QPAREB also reported a sales-to-new-listings ratio (SNLR) of 112%, indicating a Sellers market conditions in Montreal for January.

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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 $1,953 for January.

The average rent for a 1-bedroom apartment in Montreal was $1,723 for the month of January, which decreased by 0.3% year over year.

The average rent for a 2-bedroom apartment in Montreal was $2,260 for the month of January, which decreased by 0.3% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,958	$2,469	$3,287	−2.2%
2	Vancouver	$2,650	$2,362	$3,279	−4.8%
3	Oakville	$2,502	$2,216	$2,576	−19.3%
4	Toronto	$2,504	$2,183	$2,801	−8.6%
5	North York	$2,528	$2,127	$2,688	−1.9%
6	Burnaby	$2,505	$2,144	$2,809	−6.7%
7	Coquitlam	$2,524	$2,107	$2,765	−3.9%
8	Mississauga	$2,446	$2,043	$2,454	−8.6%
9	Etobicoke	$2,382	$2,102	$2,562	−8.3%
10	Kanata	$2,412	$2,238	$2,502	−17.3%
11	Brampton	$2,361	$1,910	$2,208	−7.2%
12	Kingston	$2,315	$1,968	$2,502	22.0%
13	Scarborough	$2,318	$1,910	$2,417	−5.6%
14	Vaughan	$2,266	$2,082	$2,499	−6.7%
15	Greater Sudbury	$2,067	$1,918	$2,167	−2.4%
16	Langley	$2,344	$2,071	$2,465	−1.8%
17	Burlington	$2,376	$2,065	$2,443	−5.0%
18	Ajax	$2,248	$1,814	$2,229	−4.5%
19	Halifax	$2,270	$2,052	$2,500	0.10%
20	Victoria	$2,224	$1,942	$2,605	−5.1%
21	Guelph	$2,159	$1,979	$2,291	−4.0%
22	Kelowna	$2,015	$1,686	$2,124	−10.8%
23	Surrey	$2,124	$1,818	$2,249	−8.5%
24	Ottawa	$2,127	$1,945	$2,458	−2.8%
25	New Westminster	$2,120	$1,872	$2,611	−7.4%
26	Waterloo	$2,230	$2,028	$2,367	−2.7%
27	Oshawa	$2,121	$1,753	$2,052	−5.4%
28	Nanaimo	$2,055	$1,820	$2,328	8.20%
29	Barrie	$2,154	$1,904	$2,184	−1.2%
30	East York	$2,302	$1,963	$2,554	−4.3%
31	Hamilton	$2,069	$1,753	$2,086	0.40%
32	Brossard	$2,066	$1,794	$2,169	1.60%
33	Cambridge	$2,057	$1,797	$2,101	−6.4%
34	Kamloops	$1,992	$1,805	$2,161	5.60%
35	Airdrie	$1,954	$1,450	$1,739	−0.9%
36	Laval	$2,098	$1,710	$2,348	11.00%
37	Kitchener	$2,013	$1,819	$2,130	−4.5%
38	Brantford	$1,979	$1,802	$2,058	0.50%
39	Niagara Falls	$1,929	$1,684	$1,899	−9.4%
40	Montreal	$1,913	$1,710	$2,216	−1.3%
41	London	$1,916	$1,650	$2,051	−4.5%
42	Gatineau	$1,885	$1,655	$2,072	−4.7%
43	Calgary	$1,871	$1,535	$1,850	−3.9%
44	Peterborough	$1,973	$1,677	$1,991	−2.3%
45	St. Catharines	$1,827	$1,608	$1,945	−1.2%
46	Welland	$1,675	$1,506	$1,823	−0.4%
47	Windsor	$1,658	$1,523	$1,839	−0.1%
48	Sarnia	$1,728	$1,508	$1,833	−3.9%
49	Winnipeg	$1,664	$1,409	$1,796	3.10%
50	Côte Saint-Luc	$1,535	$1,402	$1,787	−21.4%
51	Edmonton	$1,591	$1,279	$1,619	−2.6%
52	Saskatoon	$1,566	$1,350	$1,554	4.50%
53	Lethbridge	$1,528	$1,369	$1,570	0.70%
54	Quebec City	$1,485	$1,364	$1,646	−12.3%
55	Red Deer	$1,529	$1,219	$1,489	5.90%
56	Regina	$1,466	$1,255	$1,538	4.80%
57	Fort McMurray	$1,370	$1,167	$1,419	−1.3%
58	Medicine Hat	$1,372	$1,217	$1,395	0.10%
59	Lloydminster	$1,235	$1,025	$1,340	7.70%
60	St. John's	$1,238	$1,086	$1,250	−6.4%

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 $509.35 per month on nesto’s lowest fixed 5-year rate at and $495.28 per month on nesto’s lowest adjustable 5-year rate at .

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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