Montreal Real Estate Market Stabilizes as Condo Supply Surges
Event summary
- February 2026 saw 3,930 residential transactions in Montreal CMA, a 3% decrease year-over-year.
- Condominium sales dropped 7% while plex sales rose 1%, making plexes the only growing segment.
- Condo listings surged 20%, pushing supply above the 10-year historical average.
- Median prices increased across all categories: single-family homes (+7%), condos (+2%), plexes (+8%).
- Average days on market shortened to 39 days for single-family homes, 48 for plexes, and 53 for condos.
The big picture
The Montreal real estate market is entering a stabilization phase, with condominiums showing signs of rebalancing due to increased supply. This adjustment comes as the cumulative inventory of unsold new condominiums grew between 2024 and 2025, providing buyers with more options. The single-family home market remains tight in peripheral areas, while plexes continue to show solid momentum. Overall, the market is trending toward a more sustainable pace, with price growth aligning more closely with household financial capacity.
What we're watching
- Supply-Demand Balance
- How the 20% surge in condo listings will affect price growth and sales velocity as the spring market approaches.
- Geographic Disparities
- Whether the tight single-family home market on the North and South Shores can sustain current price increases despite limited transactional activity.
- Plex Market Momentum
- The pace at which the plex segment, particularly on the South Shore, can maintain its strong performance amid broader market stabilization.
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