Montreal Real Estate Market Cools Further in July 2026: Condos Rebalance While Supply Rises
Event summary
- Montreal CMA residential sales dropped for the fifth straight month in July 2026, with 3,338 transactions—a 17% year-over-year decline.
- Active listings surged 17% to 19,790, with condominium supply up 20%, plexes +14%, and single-family homes +13%.
- Median prices still rose: single-family homes (+4%), plexes (+6%), and condos (+2%) despite slowing demand.
- Condo market on the Island of Montreal remains balanced, while other segments see easing conditions.
The big picture
Montreal's residential market continues its adjustment phase, with condos leading the rebalancing while single-family homes and plexes face rising supply. The slowdown reflects broader economic fragility and demographic shifts, particularly stricter immigration policies reducing population growth. Watch whether this cooling trend persists or if buyer demand stabilizes as inventory normalizes.
What we're watching
- Demand Trends
- How stricter immigration rules will affect Montreal CMA population growth and housing demand.
- Price Stability
- Whether rising supply can sustain current price levels amid slowing sales.
- Geographic Shifts
- The pace at which condo inventory growth spreads from central to peripheral Montreal areas.
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