Montreal Housing Market Report
- The average home sold price reached $689,908 in June 2026, increasing 5.0% annually and 2.2% monthly.
- Montreal home sales were down 8.5% year over year to 4,012 in June 2026, while new listings rose 17.6% to 6,648 over the same period.
- Single-family home median price increased by 3.5% year-over-year to $649k.
- Condo median price increased by 2% year-over-year to $435k.
- Plex median price increased by 6% year-over-year to $880k.
Montreal Housing Market Overview
Market Snapshot (June 2026)
Average Home Price | $689,908 | +2.2% 1-Month Change | +5.0% 1-Year Change |
Note: The MLS HPI benchmark price represents the value of a ‘typical’ home in the area.
Montreal's housing market pushed prices higher in June 2026 even as buyers pulled back. The average home price climbed to $689,908, up 5.0% from a year earlier and 2.2% from May, while transactions slid 8.5% year-over-year and 13.2% month-over-month. Beneath the headline number, two segments set records: the median condo price reached an all-time peak of $435,000, and plexes hit an all-time high of $880,000, matching the record they first set in March. Active listings eased slightly from May to 20,894 in June, yet remained well above their year-ago level, leaving buyers with more choice than in early 2025 but not enough leverage to bend prices lower.
Home Prices
The average home sold price in Montreal's housing market was $689,908 in June 2026, 5.0% higher than June 2025's average price and 2.2% higher than May 2026.
Looking at a longer time horizon, the average price of a home in Montreal has increased by approximately 24.8% over the past five years.
Sales and Inventory
4,012 homes were sold in Montreal's housing market during June 2026. Sales decreased 8.5% compared to June 2025 and were down 13.2% compared to the previous month.
There were 6,648 new listings on Montreal's housing market in June 2026, marking a 17.6% year-over-year increase and a 12.1% month-over-month decrease. Meanwhile, the 20,894 active listings at the end of June 2026 were 15.3% above June 2025 and 0.8% lower than May 2026.
The sales-to-new-listings ratio, or SNLR, was 60% in June 2026, keeping the market just inside seller's market territory. This edged down from May's SNLR of 61%, a sign that conditions loosened marginally from the previous month, even as the market conditions stayed tilted toward sellers.
Another important indicator of market conditions is the months of inventory, or months of supply. The market had 5.5 months of inventory, calculated as total inventory divided by the average number of transactions over the past 12 months. According to QPAREB, the market is considered a seller's market when months of inventory are under 8 months, balanced between 8 and 10 months, and a buyer's market above 10 months. By this definition, Montreal remains in seller's market territory.
Property Types' Performance
Looking at the median prices and sales of Montreal's property types,
- The median price of a single-family home in Montreal was $649,000 in June 2026, representing a 3.5% year-over-year increase and a 0.6% gain from last month. Single-family home sales fell to 2,129, down 5.5% year-over-year.
- The median price for condominiums was $435,000 in June 2026, rising 1.2% monthly and 2.0% annually to set a fresh all-time high for the segment. Condo sales fell to 1,451, down 14.8% year-over-year and 10.6% month-over-month.
- The median price for plexes was $880,000 in June 2026, up 6.0% year-over-year and 0.6% from May. At $880,000, plexes matched their all-time peak once again after first reaching it in March. Plex sales rose to 431, up 0.9% year-over-year.
Comparison with Other Cities
The average home price in Montreal rose 5.0% year-over-year, the strongest annual gain among Canada's largest markets. Over the same period, the average home price in Calgary's housing market increased by 3.6% from last year. Meanwhile, Vancouver's housing market and Toronto's housing market experienced a 1.9% and 3.9% decline in the average home price over the past year, respectively.
On the other hand, transactions in Toronto climbed 8.4% year over year, while Vancouver transactions rose 9.6%. Sales moved the other way in Montreal and Calgary, falling 8.5% and 3.9%, respectively.
Reasoning
Montreal's housing market continues to be supported by lower borrowing costs compared with the highs seen in 2023 and 2024. A decline in Montreal mortgage rates and Quebec mortgage rates has made mortgage financing meaningfully more affordable than in the past. The Bank of Canada (BoC) held its target for the overnight rate at 2.25% on June 10, 2026, its fifth consecutive hold and an extension of the pause it began earlier in the year.
June's data describes a market where demand has cooled while prices have not. Sales fell sharply on both an annual and a monthly basis, yet the average price advanced, and two property types set records. New listings rose year-over-year but slipped from May, so the modest inventory buyers gained earlier in the spring did not widen further. With supply still tight relative to the region's longer-run norms, the extra choice has not been enough to force values lower.
Looking Forward
Montreal's near-term outlook will depend on the direction of interest rates, household confidence, and broader economic conditions. With transaction volumes well below last year and inventory only modestly above it, buyers have somewhat more room to compare listings than they did in early 2025. That added breathing room could temper competition and slow the pace of future price gains, though the tight flow of new supply works in the other direction.
Even so, June's record condo and plex prices and the 5.0% annual rise in the average price show that demand has not softened enough to pull values down. Montreal's relative affordability next to Toronto and Vancouver should keep drawing buyers who want a lower entry point into a major Canadian market. Buyers planning a purchase may want to review FHSA, TFSA, and RRSP Home Buyers' Plan options when preparing their down payment.
Note: The average home price of $689,908 is calculated by dividing total residential sales volume by the number of transactions across all property types. For individual property categories, such as single-family homes, condos, and plexes, median prices are used to better reflect typical sale values and reduce the impact of outliers. In June 2026, Montreal recorded a total residential sales volume of $2,768 million across 4,012 transactions, resulting in the average price above.
Home Prices in Montreal
Montreal Housing Market Statistics for All Property Types in June 2026
Average Sold Price and MLS HPI Benchmark Price
Total Transactions
Property Type Distribution
Market Overview for Single-Family Homes in June 2026
Median Sold Price
Transactions
Market Overview for Condominiums in June 2026
Median Sold Price
Transactions
Market Overview for Plexes in June 2026
Median Sold Price
Transactions
Glossary and Definitions
MLS® Home Price Index (HPI): Developed by the Canadian Real Estate Association (CREA), the MLS® HPI is the most advanced tool for tracking price trends in the Canadian housing market. Rather than using simple average prices, which can be skewed by the mix of homes sold in a given month, the HPI tracks the value of a "Benchmark Home"—a property with typical attributes for its specific neighborhood. This allows for an accurate "apples-to-apples" comparison of home values across different regions and time periods, independent of a property's specific features or seasonal volatility. To ensure the index remains relevant, CREA performs an annual review every May to account for evolving market dynamics.
MLS® HPI Benchmark Price: This is the dollar value assigned to a "typical" home in a specific neighborhood. While the HPI itself is an index number used to track trends, the Benchmark Price translates that data into a real-world dollar figure, representing what a standard home with average features (like square footage, rooms, and lot size) would likely sell for in today's market.
Property types
Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.
Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.
Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.
Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.
Property Classes
Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.
Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.
Leasehold: Leasehold describes the situation where different entities own the land and the structure built on the land. Owners of the buildings have leased the land and pay rent to their landlord while owning the building on the land.
Housing Markets Across Canada
Data sourced from the Quebec Professional Association of Real Estate Brokers (APCIQ) and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
- The trademarks MLS®, Multiple Listing Service®, and associated logos are owned by CREA and identify services provided by its members.