Montreal Housing Market Outlook 2026
Montreal Sales Fall 12% as Supply Keeps Climbing
According to the Quebec Professional Association of Real Estate Brokers (QPAREB), 3,082 residential sales closed in the Montreal CMA in September 2026, down 12% from September 2025. New listings rose 7% to 7,494, and active listings climbed 20% to 21,793, the 14th consecutive month of rising supply.
- The MLS HPI composite benchmark price for the Montreal CMA was $578,200, unchanged YoY, with single-family homes at $689,500 (up 0.8% YoY), townhouses at $630,200 (up 1.3%) and condos at $427,900 (up 0.1%).
- Year-to-date sales fell 8% YoY to 33,868, and September sales totalled $2.1 billion, down 11%.
- Calculated by nesto from QPAREB’s Centris counts, the sales-to-new-listings ratio (SNLR) was 41.1%, down from 49.9% a year earlier, and inventory was 18% above the 10-year average.
Reach out to our nesto mortgage experts and compare mortgage rates in Montreal to plan a purchase while supply in the Montreal region keeps growing.
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Montreal Housing Market Highlights
- The average selling price of a home in Montreal increased by 0.02% year-over-year to $578,200 in September 2026.
- The average selling price of a single-family home in Montreal increased by 0.75% year-over-year to $689,500 in September 2026.
- The average selling price of a townhouse/multiplex in Montreal increased by 1.25% year-over-year to $630,200 in September 2026.
- The average selling price of a condo in Montreal increased by 0.07% year-over-year to $427,900 in September 2026.
- October 29, 2026: Today’s lowest mortgage rate in Montreal is 4.59% 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 September 2026 was $578,200, and it increased by 0.02% compared to a year ago.
QPAREB also reported a sales-to-new-listings ratio (SNLR) of 41.1%, indicating balanced market conditions in Montreal for September 2026.
| Montreal | Composite Price September 2026 | Composite Price August 2026 | YoY Change (%) | MoM Change (%) |
|---|---|---|---|---|
| Single Family Home | $689,500 | $692,400 | increased by 0.75% | decreased by 0.42% |
| Townhouse/Multiplex | $630,200 | $617,600 | increased by 1.25% | increased by 2.04% |
| Condo / Apartments | $427,900 | $438,600 | increased by 0.07% | decreased by 2.44% |
| Composite | $578,200 | $583,900 | increased by 0.02% | decreased by 0.98% |
Montreal Home Price Changes Over The Last Decade
Composite Home Prices
The average selling price of a home in Montreal was $578,200 for the month of September 2026, that’s decreased by 0.98% month-over-month. On a year-over-year basis, Montreal home prices have increased by 0.02%.
Composite Home Prices in Montreal
Monthly changes to Montreal’s composite home prices over the last 10 years.
Single-family Home Prices
The average selling price of a single-family home in Montreal was $689,500 for the month of September 2026; that’s decreased by 0.42% month-over-month. On a year-over-year basis, single-family home prices in Montreal have increased by 0.75%.
Single-Family Home Prices in Montreal
Monthly changes to Montreal’s single-family home prices over the last 10 years.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Montreal was $630,200 for the month of September 2026; that’s increased by 2.04% month-over-month. On a year-over-year basis, the price of a townhouse in Montreal has increased by 1.25%.
Townhouse and Multiplex Prices in Montreal
Monthly changes to Montreal’s townhouse and multiplex home prices over the last 10 years.
Condo Prices
The average selling price of a condo in Montreal was $427,900 for the month of September 2026, that’s decreased by 2.44% month-over-month. On a year-over-year basis, the price of a condo in Montreal has increased by 0.07%.
Condo Prices in Montreal
Monthly changes to Montreal’s condominium apartment home prices over the last 10 years.
Montreal Housing Market Conditions
Number of Home Sales
Montreal home sale volume was 3,082 during September 2026, that’s increased by 8.03% month-over-month. On a year-over-year basis, sales in Montreal have decreased by 12.44%.
Home Sales in Montreal
Montreal’s home sale transactions over the past 12 months.
New Listings
New listings in Montreal totalled 7,494 during September 2026, that’s increased by 27.58% month-over-month. On a year-over-year basis, new listings in Montreal have increased by 5.03%.
New Listings in Montreal
Montreal’s new listings over the past 12 months.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Montreal was 41.1% during September 2026, indicating a balanced market. That’s decreased by 15.43% month-over-month. Montreal’s yearly sales-to-new-listings ratio has decreased by 16.63%.
SNLR in Montreal
Monthly change in Montreal’s sales-to-new-listings ratio (SNLR) over the past 12 months.
The sales-to-new-listings ratio (SNLR) measures home sales relative 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% indicates a balanced market, while an SNLR over 60% indicates a seller’s market.
Market Conditions in Montreal
| Oct 2025 | sellers market |
| Nov 2025 | sellers market |
| Dec 2025 | sellers market |
| Jan 2026 | buyers market |
| Feb 2026 | balanced market |
| Mar 2026 | balanced market |
| Apr 2026 | balanced market |
| May 2026 | sellers market |
| Jun 2026 | sellers market |
| Jul 2026 | sellers market |
| Aug 2026 | balanced market |
| Sep 2026 | balanced market |
SNLR — last 12 months
Monthly change in Montreal’s market conditions over the past 12 months.
Short-Term Composite Home Price Trend in Montreal
Monthly changes to Montreal’s composite home price over the last 12 months.
Montreal Market Rents Snapshot
The average rent in Montreal was $1,961 in September 2026 and was decreased by 1.21% year-over-year.
The average rent for a 1-bedroom apartment in Montreal was $1,746 for September 2026 and was increased by 1.10% year-over-year.
The average rent for a 2-bedroom apartment in Montreal was $2,261 for September 2026 and was decreased by 0.40% year-over-year.
Average Rents for Cities Across Canada
| Rank | City | Total Avg | 1 Bed | 2 Bed |
|---|---|---|---|---|
| 1 | North Vancouver | $3,028 | $2,466 | $3,477 |
| 2 | Vancouver | $2,754 | $2,373 | $3,271 |
| 3 | Burnaby | $2,564 | $2,111 | $2,785 |
| 4 | Toronto | $2,556 | $2,220 | $2,937 |
| 5 | North York | $2,528 | $2,093 | $2,692 |
| 6 | Kanata | $2,501 | $2,265 | $2,691 |
| 7 | Coquitlam | $2,482 | $2,053 | $2,608 |
| 8 | Oakville | $2,460 | $2,165 | $2,703 |
| 9 | Etobicoke | $2,431 | $2,099 | $2,644 |
| 10 | Barrie | $2,397 | $2,148 | $2,552 |
| 11 | Burlington | $2,379 | $2,074 | $2,389 |
| 12 | Vaughan | $2,363 | $2,114 | $2,569 |
| 13 | Mississauga | $2,337 | $2,036 | $2,423 |
| 14 | Halifax | $2,324 | $2,002 | $2,508 |
| 15 | Brampton | $2,261 | $1,990 | $2,334 |
| 16 | Victoria | $2,253 | $1,987 | $2,632 |
| 17 | New Westminster | $2,241 | $1,881 | $2,734 |
| 18 | Langley | $2,239 | $1,868 | $2,426 |
| 19 | Surrey | $2,227 | $1,807 | $2,251 |
| 20 | Guelph | $2,225 | $1,961 | $2,292 |
| 21 | Ajax | $2,214 | $1,927 | $2,294 |
| 22 | Ottawa | $2,200 | $1,969 | $2,445 |
| 23 | Scarborough | $2,178 | $1,855 | $2,315 |
| 24 | Waterloo | $2,158 | $1,884 | $2,302 |
| 25 | Nanaimo | $2,157 | $1,897 | $2,261 |
| 26 | Kingston | $2,150 | $1,930 | $2,308 |
| 27 | Laval | $2,131 | $1,712 | $2,364 |
| 28 | Kelowna | $2,111 | $1,834 | $2,270 |
| 29 | Brossard | $2,083 | $1,790 | $2,190 |
| 30 | Cambridge | $2,055 | $1,863 | $2,143 |
| 31 | East York | $2,044 | $1,800 | $2,355 |
| 32 | Airdrie | $2,013 | $1,466 | $1,750 |
| 33 | Oshawa | $1,993 | $1,724 | $2,006 |
| 34 | Niagara Falls | $1,988 | $1,714 | $1,960 |
| 35 | Greater Sudbury | $1,982 | $1,745 | $2,076 |
| 36 | Montreal | $1,961 | $1,746 | $2,261 |
| 37 | Kamloops | $1,957 | $1,701 | $2,023 |
| 38 | Kitchener | $1,935 | $1,709 | $2,063 |
| 39 | Peterborough | $1,926 | $1,692 | $1,964 |
| 40 | Brantford | $1,923 | $1,780 | $2,033 |
| 41 | Hamilton | $1,910 | $1,657 | $2,130 |
| 42 | London | $1,897 | $1,628 | $1,998 |
| 43 | Calgary | $1,883 | $1,508 | $1,834 |
| 44 | St. Catharines | $1,830 | $1,518 | $1,959 |
| 45 | Welland | $1,792 | $1,540 | $1,920 |
| 46 | Gatineau | $1,769 | $1,625 | $1,810 |
| 47 | Côte Saint-Luc | $1,655 | $1,410 | $1,875 |
| 48 | Winnipeg | $1,653 | $1,435 | $1,764 |
| 49 | Windsor | $1,638 | $1,467 | $1,843 |
| 50 | Edmonton | $1,633 | $1,281 | $1,643 |
| 51 | Quebec City | $1,620 | $1,308 | $1,642 |
| 52 | Red Deer | $1,614 | $1,338 | $1,503 |
| 53 | Sarnia | $1,583 | $1,408 | $1,642 |
| 54 | Lethbridge | $1,573 | $1,355 | $1,558 |
| 55 | Saskatoon | $1,559 | $1,305 | $1,536 |
| 56 | Regina | $1,468 | $1,305 | $1,521 |
| 57 | Lloydminster | $1,392 | $1,108 | $1,422 |
| 58 | Fort McMurray | $1,386 | $1,147 | $1,372 |
| 59 | St. John's | $1,362 | $1,167 | $1,328 |
| 60 | Medicine Hat | $1,360 | $1,232 | $1,391 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province
| LOCATION | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| AB | $1,780 | $1,409 | $1,745 | $2,177 |
| BC | $2,231 | $1,904 | $2,355 | $2,850 |
| MB | $2,403 | $2,045 | $2,649 | $3,313 |
| ON | $1,649 | $1,428 | $1,751 | $2,008 |
| QC | $2,240 | $1,963 | $2,410 | $2,902 |
| SK | $1,933 | $1,694 | $2,144 | $2,558 |
| Atlantic Canada | $1,490 | $1,284 | $1,504 | $1,993 |
| Canada | $2,034 | $1,756 | $2,138 | $2,489 |
Average Rent by Property Type Across Canada
| TYPE | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| Apartment | $2,036 | $1,799 | $2,221 | $2,715 |
| Condominium | $2,052 | $1,844 | $2,161 | $2,769 |
| House/Townhouse | $2,016 | $1,311 | $1,732 | $2,299 |
| All | $2,034 | $1,756 | $2,138 | $2,489 |
How Does Renting Compare With Homeownership in Montreal?
Each $100,000 in mortgage balance costs an average of $564 per month on nesto’s lowest fixed 5-year rate at 4.59%, and $517 per month on nesto’s lowest adjustable 5-year rate at 3.66%.
On the variable side, a 0.25% change in the Bank of Canada’s policy rate moves that payment by roughly $13.47 per $100,000 if rates rise, or $13.27 if they fall. Fixed payments aren’t affected the same way mid-term—a fixed rate is locked for the term and tracks bond yields, not the policy rate directly, so this sensitivity applies only to the variable side.
The interest rates used for the calculation are those offered on insured purchases with less than a 20% down payment, on a 25-year amortization, as of October 29, 2026 and are subject to change. Canada’s policy rate is 2.50%, and nesto’s prime rate is 4.70%.
We're curious…
Frequently Asked Questions (FAQ) About the Montreal Housing Market in 2026
Are Montreal Housing Market Conditions Favouring Buyers or Sellers in 2026?
Montreal housing market conditions are balanced but leaning toward buyers in 2026, with a sales-to-new-listings ratio (SNLR) of 41.1% in September. Calculated by nesto from QPAREB’s Centris counts, that ratio is down from 49.9% a year earlier and sits just above the 40% line that marks a buyer’s market. Active listings climbed 20% year over year to 21,793, the 14th consecutive month of rising supply, and inventory was 18% above the 10-year average, while sales fell 12%.
Are Home Prices in Montreal Going Up or Down in 2026?
Home prices in the Montreal region are essentially flat in 2026. The MLS HPI composite benchmark was $578,200 in September, unchanged year over year, with single-family homes at $689,500 (up 0.8%), townhouses at $630,200 (up 1.3%) and condos at $427,900 (up 0.1%). The composite was about 1% lower than in August, so prices are holding steady rather than climbing while supply builds.
Why Are Montreal Sales Falling While Supply Climbs?
Montreal sales are falling while supply climbs because fewer buyers are completing purchases even as more homes come to market. September sales fell 12% year over year to 3,082 in the Montreal region, and year-to-date sales are down 8% to 33,868. Over the same period, new listings rose 7% to 7,494, and active listings climbed 20% to 21,793. Prices have barely moved, so the adjustment is showing up first in sales volumes and inventory.
How Does Montreal Compare With Toronto Right Now?
Montreal and Toronto are showing different patterns in September 2026. Montreal region’s composite benchmark was $578,200, unchanged year over year, while the GTA composite benchmark fell 4.7% to $917,600. Montreal sales fell 12% as active listings climbed 20%, while GTA sales fell 9% and new listings fell 14.4% to 16,500. Buyers in Montreal are gaining ground through more choice, while buyers in the GTA are benefiting from lower prices.
What Is Limiting Montreal Housing Demand in 2026?
Montreal housing demand in 2026 is showing up as fewer completed sales rather than lower prices. September sales fell 12% year over year, year-to-date sales are down 8%, and total sales volume was $2.1 billion, down 11%. QPAREB’s figures do not point to a single cause. The mortgage stress test is one standing constraint, requiring borrowers to qualify at a rate above the one they will actually pay.
Is It Cheaper to Rent or Buy in Montreal in 2026?
Comparing the cost of renting and buying in Montreal in 2026 starts with two numbers: average rent of $1,961 in September, down 1.2% year over year, and a Montreal region benchmark price of $578,200, unchanged year over year. With rents slightly lower and prices flat, neither option has pulled ahead on trend. The lower cost over time depends on how long it takes to save the down payment, how long you plan to stay and the mortgage rate you qualify for, so get pre-qualified to see your rate. Quebec purchases also close with a notary, so budget for notary fees alongside your other closing costs.
Why Choose nesto
At nesto, our commission-free mortgage experts are salaried and regulated, with most licensed in multiple provinces. They are evaluated on client satisfaction and the quality of their advice, and they help you compare mortgage options and understand rates and qualification requirements. Once you’re ready to move forward, they work with you on a mortgage strategy that fits your situation.
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