Montreal Real Estate Market Cools Further as Inventory Surge Continues
Event summary
- August 2026 residential sales in Montreal CMA fell 13% year-over-year to 2,853 transactions
- Active listings surged 18% annually to 20,128, with sharpest increases on South (+28%) and North (+26%) Shores
- Condominium market on Island of Montreal nearing buyer's market conditions as selling times extended to 62 days
- Median prices showed modest gains: +3% for single-family homes, +4% for condos, +2% for plexes
- Downtown and Sud-Ouest boroughs saw record-high listings with stagnant condo prices
The big picture
Montreal's real estate market is experiencing a broad adjustment phase as inventory growth outpaces sales declines. The condominium segment, particularly in central areas, shows the most advanced rebalancing toward buyer's market conditions. This shift comes amid broader economic uncertainty and reduced demographic pressure, marking a departure from the seller's market dynamics of recent years. The trend highlights how urban real estate markets can rapidly transition when supply constraints ease.
What we're watching
- Market Rebalancing
- How the pace of inventory accumulation will affect price stability across property types
- Geographic Disparities
- Whether central areas like Downtown can maintain price levels amid record listings
- Economic Sensitivity
- The extent to which geopolitical and economic uncertainty continues suppressing buyer activity
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