Montréal Housing Market Outlook 2025
Table of contents
Montréal Market Report Summary
- The average selling price of a home in Montreal increased by 8.6% year-over-year to $580,100 in May 2025.
- The average selling price of a single-family home in Montreal increased by 8.8% year-over-year to $681,200 in May 2025.
- The average selling price of a townhouse/multiplex in Montreal increased by 4.3% year-over-year to $610,300 in May 2025.
- The average selling price of a condo in Montreal increased by 7.2% year-over-year to $438,500 in May 2025.
- The average rent in Montreal decreased by 3.0% year-over-year to $1,976 for May 2025.
- June 20, 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 $580,100 for the month of May 2025, that’s increased by 0.9% compared to the previous month. On a year-over-year basis, Montreal home prices have increased 8.6% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $681,200 for the month of May 2025, that’s increased by 0.1% compared to the previous month. On a year-over-year basis, single-family home prices in Montreal have increased by 8.8% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $610,300 for the month of May 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 4.3% over the last 12 months.
Condo Prices
The average selling price of a condo in Montreal was $438,500 for the month of May 2025, that’s increased by 2.7% compared to the previous month. On a year-over-year basis, the price of a condo in Montreal has increased 7.2% 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 May 2025 was $580,100, and it increased of 8.6% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 66%, indicating a sellers market in Montreal for May 2025.
Montréal May Home Sales Surge as Prices Push Higher
According to the Québec Professional Association of Real Estate Brokers (QPAREB) for May 2025, Montréal’s housing market remained highly active, continuing its upward trajectory. Residential sales in the Montréal CMA climbed 10% compared to May 2024, driven by strength across most property types and subregions. The number of active listings grew slightly by 2%, but resale market conditions still clearly favoured sellers.
● Total residential sales in the Montréal CMA rose 10% year-over-year
● Median price of single-family homes increased 9% to $625,000
● Active listings held steady with a 2% annual gain
● Sales volume for May reached $3.3 billion, up 19% from May 2024
● Average days on market fell across all property types
Resilience Amid Broader Economic Uncertainty
Montréal’s housing market has shown steady resilience despite trade-related turbulence and higher borrowing costs. After a slow patch last fall, resale activity rebounded and is now holding at a level that would have been considered substantially strong even before the pandemic. A slight seasonally adjusted dip in sales from April to May does little to change the overall trend. Buyer activity remains robust, and recent supply-side increases have helped keep the market from overheating while maintaining historically low inventory levels.
Momentum Builds Across Property Segments
Single-family homes led the market with a 12% year-over-year increase in sales, while their median price jumped 9% to $625,000. Condominiums also saw healthy activity, posting a 5% sales increase and a 4% rise in median price to $427,500. Plexes (2–5 units) registered a modest 1% uptick in sales but recorded a solid 5% price gain, reaching a median of $825,000. Across the board, properties are selling faster, with average days on market down notably, by 12 days for single-family homes, 11 for condos, and 24 for plexes.
Tight Inventory Still Favouring Sellers, But Easing Gradually
Active listings increased slightly in May, and the number of new listings continues to rise in Montréal. This steady growth on the supply side is beginning to ease the tight seller’s market conditions that defined much of the past year. If this trend holds, it could help moderate future price growth. For now, however, the balance between supply and demand still favours sellers, with one in seven homes selling above asking price last month. Property values continue to trend upward, with annual price gains of 8.6% for single-family homes and 4.3% for condos —a pace slightly slower than in April, but still substantial.
Montréal Suburban Trends and Regional Highlights
Among subregions, Saint-Jean-sur-Richelieu stood out with a 26% jump in sales, reflecting localized confidence and demand. Vaudreuil-Soulanges was the only area to post a year-over-year sales decline (-6%). Most areas in the Montréal CMA remained active, reinforcing the city’s broad-based strength as it heads into the summer.
Impact on Mortgages and Monetary Policy
Montréal’s growth in home prices and continued uptick in sales are evidence that buyer confidence is strengthening despite higher interest rates. Increased market activity adds complexity to the Bank of Canada’s following policy decisions, especially if firming prices begin to influence inflation expectations. For homebuyers in Montréal, this means that entering the market sooner may be prudent, as price pressure is expected to accelerate again. Renewers should prepare for higher payments if equity remains strong but rates don’t move lower. Those looking to refinance may want to consider acting before the fall, as today’s home values could provide an advantage while rates remain elevated.
Month-over-Month Market Expectations for Montreal
Transactions – Number of Sales
The number of sales in Montreal was 4,992 during May 2025, that’s decreased by 2.6% compared to the previous month. On a year-over-year basis, sales in Montreal have increased by 10.2% over the last 12 months.
New Listings
The number of new listings in Montreal was 7,596 during May 2025, that’s decreased by 1.6% compared to the previous month. On a year-over-year basis, new listings in Montreal have increased by 11.2% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Montreal was 66% during May 2025, indicating a sellers market. On a monthly basis, that’s increased by 1.0% compared to the previous month. Montreal’s yearly sales to new listings ratio has increased by 1.0% 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 $1,976 for the month of May 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 May 2025, which 0 by 0 % on a year-over-year basis.
The average rent for a 1-bedroom apartment in Montreal was $1,727 for the month of May 2025, which decreased by 2.0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Montreal was $2,255 for the month of May 2025, which decreased by 3.0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Montreal was $1,727 for the month of May 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 $521.15 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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