Montréal Housing Market Outlook 2026
Montreal Affordability Hits Its Worst Point Since 1990
According to the Quebec Professional Association of Real Estate Brokers (QPAREB), the Montreal census metropolitan area recorded 13,365 transactions in the second quarter of 2026, down 7% from a year earlier, with every property type pulling back even as active listings jumped 14% to 20,735.
- Prices kept climbing despite softer demand: single-family medians rose 3% to $645,000, plexes gained 5% to $874,000, and condos edged up 1% to $430,000.
- Active listings rose 14% year over year to 20,735, giving buyers more room to shop even as sellers largely held the upper hand on price.
- Days on market moved in different directions by property type, falling 3 days to 32 for single-family homes but climbing 6 days to 48 for condos.
RBC’s affordability measure for Montreal deteriorated to 52.6%, its worst reading since 1990, even as prices rose 5.5% year over year; the bank also flags that Montreal condo affordability has overtaken Toronto’s for the first time in 16 years, a genuine milestone for a market long seen as the more affordable of the two. Royal LePage forecasts Greater Montreal prices rising 5% in 2026, tied with Winnipeg as the strongest of the major markets it tracks, while Rentals.ca reported June asking rent at $1,949, down just 0.8% year over year, the smallest annual decline among the six largest markets.
If rising prices have you rethinking your budget, connect with nesto mortgage experts and compare mortgage rates in Montreal to see what fits.
Best Mortgage Rates
Montreal Housing Market Highlights
- The average selling price of a home in Montreal increased by 3.6% year-over-year to $596,300 in June.
- The average selling price of a single-family home in Montreal increased by 3.7% year-over-year to $708,400 in June.
- The average selling price of a townhouse/multiplex in Montreal decreased by 1% year-over-year to $608,600 in June.
- The average selling price of a condo in Montreal increased by 5.4% year-over-year to $446,700 in June.
- The average rent in Montreal is now $1,951 for June.
- July 23, 2026: Today’s lowest mortgage rate in Montréal is 4.09% 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 June was $596,300, and it increased by 3.6% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 60%, indicating a Balanced market conditions in Montreal for June.
Composite Home Prices
The average selling price of a home in Montreal was $596,300 for the month of June, that’s increased by 0.5% month over month. On a year-over-year basis, Montreal home prices have increased 3.6% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $708,400 for the month of June, that’s decreased by 0% month over month. On a year-over-year basis, single-family home prices in Montreal have increased by 3.7% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $608,600 for the month of June, that’s decreased by 2.8% month over month. On a year-over-year basis, the price of a townhouse in Montreal has decreased by 1% year-over-year.
Condo Prices
The average selling price of a condo in Montreal was $446,700 for the month of June, that’s increased by 2.2% month over month. On a year-over-year basis, the price of a condo in Montreal has increased 5.4% year-over-year.
Transactions – Number of Sales
The number of sales in Montreal was 4,012 during June, that’s decreased by 19.1% month over month. On a year-over-year basis, sales in Montreal have decreased by 8.5% year-over-year.
New Listings
The number of new listings in Montreal was 6,648 during June, that’s decreased by 10.8% month over month. On a year-over-year basis, new listings in Montreal have increased by 17.6% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 60% during June, indicating a Balanced. On a monthly basis, that’s decreased by 9.3% month over month. Montreal’s yearly sales to new listings ratio has increased by 22.2% year-over-year.
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
Best Mortgage Rates
Montreal Market Rents Snapshot
The average rent in Montreal was $1,951 for June.
The average rent for a 1-bedroom apartment in Montreal was $1,780 for the month of June, which decreased by 0.8% year over year.
The average rent for a 2-bedroom apartment in Montreal was $2,257 for the month of June, which decreased by 0.8% year over year.
Rental Price Changes by City
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $2,983 | $2,457 | $3,363 |
| 2 | Vancouver | $2,723 | $2,392 | $3,336 |
| 3 | North York | $2,563 | $2,154 | $2,765 |
| 4 | Kanata | $2,551 | $2,282 | $2,766 |
| 5 | Toronto | $2,543 | $2,213 | $2,912 |
| 6 | Burnaby | $2,522 | $2,135 | $2,766 |
| 7 | Coquitlam | $2,504 | $2,083 | $2,687 |
| 8 | Oakville | $2,438 | $2,170 | $2,657 |
| 9 | Etobicoke | $2,427 | $2,084 | $2,629 |
| 10 | Burlington | $2,381 | $2,064 | $2,470 |
| 11 | Mississauga | $2,360 | $2,056 | $2,437 |
| 12 | Halifax | $2,351 | $2,051 | $2,628 |
| 13 | Langley | $2,285 | $1,965 | $2,439 |
| 14 | Vaughan | $2,277 | $2,028 | $2,586 |
| 15 | Victoria | $2,258 | $1,999 | $2,642 |
| 16 | Brampton | $2,231 | $1,962 | $2,355 |
| 17 | Ajax | $2,217 | $1,834 | $2,262 |
| 18 | Scarborough | $2,210 | $1,862 | $2,292 |
| 19 | Guelph | $2,193 | $1,901 | $2,276 |
| 20 | Surrey | $2,187 | $1,803 | $2,239 |
| 21 | Ottawa | $2,179 | $1,956 | $2,462 |
| 22 | Barrie | $2,144 | $1,874 | $2,164 |
| 23 | New Westminster | $2,132 | $1,888 | $2,640 |
| 24 | Waterloo | $2,115 | $1,918 | $2,253 |
| 25 | Kingston | $2,111 | $1,875 | $2,232 |
| 26 | Kelowna | $2,110 | $1,831 | $2,241 |
| 27 | Nanaimo | $2,102 | $1,847 | $2,313 |
| 28 | Laval | $2,089 | $1,726 | $2,350 |
| 29 | East York | $2,077 | $1,829 | $2,335 |
| 30 | Cambridge | $2,075 | $1,836 | $2,141 |
| 31 | Airdrie | $2,027 | $1,477 | $1,814 |
| 32 | Peterborough | $2,000 | $1,755 | $1,968 |
| 33 | Brossard | $1,987 | $1,708 | $2,246 |
| 34 | Greater Sudbury | $1,980 | $1,702 | $2,140 |
| 35 | Oshawa | $1,966 | $1,740 | $2,015 |
| 36 | Montreal | $1,951 | $1,780 | $2,257 |
| 37 | Kamloops | $1,949 | $1,796 | $2,034 |
| 38 | Hamilton | $1,939 | $1,680 | $2,255 |
| 39 | London | $1,932 | $1,664 | $2,068 |
| 40 | Brantford | $1,923 | $1,779 | $2,029 |
| 41 | Calgary | $1,886 | $1,515 | $1,853 |
| 42 | Kitchener | $1,865 | $1,662 | $2,048 |
| 43 | Niagara Falls | $1,861 | $1,607 | $1,976 |
| 44 | St. Catharines | $1,827 | $1,570 | $1,904 |
| 45 | Gatineau | $1,781 | $1,593 | $1,888 |
| 46 | Welland | $1,762 | $1,533 | $1,937 |
| 47 | Côte Saint-Luc | $1,705 | $1,450 | $1,971 |
| 48 | Windsor | $1,702 | $1,488 | $1,921 |
| 49 | Winnipeg | $1,678 | $1,472 | $1,770 |
| 50 | Sarnia | $1,664 | $1,477 | $1,709 |
| 51 | Edmonton | $1,610 | $1,292 | $1,632 |
| 52 | Saskatoon | $1,544 | $1,341 | $1,561 |
| 53 | Lethbridge | $1,534 | $1,321 | $1,543 |
| 54 | Quebec City | $1,508 | $1,292 | $1,675 |
| 55 | Red Deer | $1,508 | $1,337 | $1,499 |
| 56 | Regina | $1,457 | $1,309 | $1,523 |
| 57 | Fort McMurray | $1,413 | $1,212 | $1,443 |
| 58 | Medicine Hat | $1,370 | $1,238 | $1,374 |
| 59 | Lloydminster | $1,306 | $1,026 | $1,378 |
| 60 | St. John's | $1,172 | $1,061 | $1,268 |
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 $530.91 per month on nesto’s lowest fixed 5-year rate at 4.09% 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 $13.42. 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%.
We’re curious…
Are you a first-time buyer?
Frequently Asked Questions (FAQ) About Montréal Housing Market Outlook for 2026
Why has Montreal avoided significant home price declines compared to other cities?
Montreal has avoided major declines in home prices due to limited supply, relatively strong affordability, and steady demand.
Are home prices in Montreal expected to increase in 2026?
Montreal home prices are expected to increase modestly in 2026, driven primarily by supply constraints rather than surging demand.
Which housing segment is under the most pressure in Montreal?
Condominium apartments in Montreal are under greater pressure than houses, duplexes, townhouses and plexes, as buyer preferences continue to favour larger living spaces or those with attached income properties.
How are buyers behaving in Montreal right now?
Homebuyers in Montreal remain cautious but active, particularly when well-priced listings become available in low-inventory neighbourhoods.
What defines Montreal’s housing market heading into 2026?
Heading into 2026, Montreal’s housing market is defined by stability, with balanced conditions and limited volatility compared to other major cities.
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.
Let’s get started!
About the contributors
