Montreal Real Estate Sales Dip 7% in April 2026 Amid Economic Uncertainty
Event summary
- April 2026 saw 4,744 residential transactions in Montreal CMA, a 7% YoY decline.
- All property types declined: single-family homes and condos dropped 7%, plexes fell 9%.
- Active listings surged 9% YoY, with condos up 21%, marking the ninth straight monthly increase.
- Median prices rose modestly: single-family homes +3% to $645K, plexes +4% to $865K.
- Condo market shifted to balanced conditions, with days on market increasing by 6 to 50 days.
The big picture
Montreal's real estate market is experiencing a cooling period driven by economic caution and affordability constraints. While transaction volumes have dipped to near historical averages, the sustained increase in inventory suggests a potential shift in market dynamics. The moderation in price growth and the balancing of the condo market indicate evolving conditions that could present both challenges and opportunities for different property segments. The broader economic context, including geopolitical uncertainties and inflation concerns, will likely continue to influence household decisions regarding real estate investments.
What we're watching
- Economic Sensitivity
- How prolonged economic uncertainty will affect buyer confidence and transaction volumes in Montreal's real estate market.
- Inventory Dynamics
- Whether the sustained increase in active listings will shift market conditions from seller-favorable to more balanced or even buyer-favorable.
- Policy Impact
- The potential effects of announced changes to the welcome tax on first-time buyer activity and overall market affordability.
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