Montreal Real Estate Statistics (2026)

Montreal, the second-largest city in Canada, has one of the most important real estate markets in Canada. Compared to Toronto and Vancouver, Montreal offers relatively affordable homes, while still providing residents with economic opportunities and amenities associated with major metropolitan areas. 

In recent years, the housing market in Montreal has experienced strong price growth, growing demand, and lower inventory levels. However, despite these changes, the city remains one of the more affordable metropolitan areas in Canada, which helps to attract both home buyers and investors. 

Key 2026 Montreal Real Estate Statistics

• In April 2026, the average home price in Greater Montreal was around $670,000.
• The benchmark home price for all home types was approximately $620,000 in spring 2026. 
• Home prices in Montreal increased by roughly 8.7% year-on-year in 2025. 
• Over 47,000 residential sales were recorded in Montreal during 2025. 
• The population of Montreal increased by over 4% between the 2016 and 2021 Censuses. 
• According to the 2021 Census, the homeownership rate was around 41% in Montreal, with over half of the city’s residents renting their homes. 
• Single-family dwelling benchmark price rose by over 7% year-over-year in 2025. 
• Montreal has considerably more affordable real estate than Toronto and Vancouver. 
• Active listings in Montreal remain below historical averages. 
• The annual price growth rate in Montreal was one of the strongest among major cities in Canada during 2025.

Montreal Housing Market Overview

Greater Montreal is the second-largest metropolitan area in Canada and Quebec’s economic centre. According to Statistics Canada, the population in the area was around 4.29 million residents in the 2021 Census, with only Toronto having a larger population. More recent estimates place Montreal’s population at approximately 4.5 million residents, reflecting continued growth since the 2021 Census. Between the 2016 and 2021 Censuses, the city’s population grew by roughly 4.2%. 

During the past decade, Montreal’s housing market has experienced significant growth. Historically, its home prices have been substantially lower than those in Toronto or Vancouver. Even though strong demand, population growth, and limited supply have led to increased prices in recent years, Montreal remains one of the more affordable major housing markets in Canada. 

Montreal House Prices

Montreal’s housing market has experienced considerable price growth in recent years. At the end of 2025, the average home price in Greater Montreal was around $674,700, which was roughly $54,000 or 8.7% higher than in 2024, reflecting the strong demand and limited availability of homes in the city. Although price growth has slowed down since the pandemic peak years, home values are significantly higher than they were a few years ago. 

In early 2026, the benchmark prices by property type were approximately: 

• Single-family homes: $665,000
• Condominiums: $430,000
• Plexes (2–5 units): $860,000

Single-family homes are the most popular housing type among owner-occupiers in Montreal, while condominiums provide residents with one of the most affordable entry points into the housing market. 

Compared with 2020, the average home price in Montreal has increased by over 40%, highlighting how strong the city’s housing market has been during the 20s. Despite the growth, Montreal is still one of the more affordable large metropolitan housing markets in Canada, which attracts both first-time buyers and relocating households from more expensive regions. 

Montreal Real Estate Sales

Mobtrea has one of the busiest housing markets in Canada, with more than 47,000 residential properties sold across the area during 2025. This reflects the continued strong demand for homes in the area despite the higher cost of borrowing. Although sales activity in Montreal has remained below the record-high levels of the pandemic housing boom, it is still strong by historical standards. Single-family dwellings accounted for the largest share of transactions in 2025, followed by condominiums and plexes. 

In 2025, Montreal outperformed several other major housing markets as buyers adjusted to higher interest rates and the market became more stable. While home prices in the area increased by around 8.7%, prices in Toronto and Vancouver – the two largest markets – were generally flat or declined. The combination of rising prices and solid sales made Montreal one of the strongest-performing major housing markets in 2025. 

Housing Supply in Montreal

The supply of homes is one of the key housing market challenges in Montreal. Although the number of available homes increased in 2025, supply has remained below long-term averages in many parts of the city. As a result, many desirable areas have seller-market conditions, especially in the single-family dwelling segment. Montreal’s limited housing supply has contributed to competition between buyers and an upward trend in prices. 

Housing availability in Montreal varies by property type, with single-family homes generally experiencing tighter market conditions, while condominiums offer buyers a wider range of properties. New housing construction has increased in the Montreal area in recent years, but population growth has absorbed many of the additional homes entering the housing market. As a result, many parts of the region continue to have limited availability despite ongoing development. 

Homeownership in Montreal

Montreal has one of the lowest homeownership rates among major Canadian cities. According to the 2021 Census, around 41% of Montreal’s households lived in homes they own, while nearly 59% lived in rented accommodation. Montreal’s homeownership rate was considerably lower than the national rate of 66.5%. It was also significantly lower than rates recorded in many other major cities, including Toronto (around 66%) and Calgary (around 68%). 

There are several factors that contribute to the lower homeownership rate in Montreal, including a strong rental culture, a large supply of rental housing, and higher population density. The city’s homeownership rates vary across demographic groups, with ownership increasing with age and income, and couples are more likely to own homes than single individuals. Established immigrants also have higher homeownership rates than recent newcomers in Montreal. 

Montreal Housing Affordability

Montreal has long been one of the more affordable large housing markets in Canada, and recent price increases have done little to change this. At the end of 2025, the average home cost around $674,700 in Greater Montreal, compared with about $1.14 million in Greater Vancouver and $962,300 in the Greater Toronto Area. However, Montreal was more expensive than some major markets, particularly those in the Prairies; for example, Edmonton had an average price of $450,000 and Winnipeg $400,000 at the end of 2025. 

While housing costs in Montreal have increased considerably over the past decade, qualifying for a mortgage in Montreal is still easier than in Toronto or Vancouver because the house prices remain lower. However, this does not mean there are no affordability challenges: home prices have grown faster than household incomes, making it harder for many first-time buyers to enter the housing market. 

Montreal Real Estate Forecast

Many real estate forecasts suggest that the housing market in Montreal will remain relatively stable for the remainder of 2026 and into 2027. Population growth and ongoing demand for homes continue to support the housing market. Even though the number of available homes for sale has increased slightly in Montreal, the supply of housing still remains limited in many parts of the region. 

Most forecasts for Montreal anticipate moderate price growth rather than the kind of rapid increases that were seen during the pandemic years. Sales activity is expected to remain healthy as borrowing conditions improve gradually and buyers adapt to the current interest rates. It is expected that Montreal’s relative affordability compared to the Toronto and Vancouver areas will continue to attract homebuyers and investors, which will support long-term demand for housing.