Greater Montreal in September 2026
Montreal’s price gains have stalled while every volume measure moved the other way in September. Sales fell 12% to 3,082 while new listings rose 7% to 7,494 and active listings climbed 20% to 21,793 — the 14th consecutive month of rising supply, which QPAREB says is now gaining momentum in the suburbs. Inventory is 18% above its 10-year average, easing pressure on prices. Sales volume came in at $2.11 billion, down 11% on the year.
Single-family medians were unchanged year over year at $635,000, as were condominiums at $430,000. Plex prices were the only segment still rising, up 3% to $861,000. QPAREB describes the market as continuing “the path toward a more balanced market.”
Condos remain the softest segment. They took 65 days to sell in September against 48 a year earlier, and on the Island of Montreal specifically 73 days against 54. Condo sales fell 14% and condo active listings rose 19%, while plex sales fell 16% and single-family sales 9%. Buyers have more room in condos than the flat median suggests.
Median Prices — September 2026
Montreal uses median price (rather than MLS® HPI benchmark) as its primary metric. Plexes — income-generating multi-unit properties unique to Quebec’s market — still command the highest median at $861,000, up 3% on the year.
| Property Type | Median Price | MoM | YoY | Sales | Sales YoY |
|---|---|---|---|---|---|
| Single-Family | $635,000 | — | 0% | 1,649 | ▼ 9% |
| Condominium | $430,000 | — | 0% | 1,081 | ▼ 14% |
| Plex (2–5 units) | $861,000 | — | ▲ 3% | 350 | ▼ 16% |
Source: Quebec Professional Association of Real Estate Brokers (QPAREB), Centris monthly statistics, September 2026 (released October 2, 2026), Montreal CMA. Montreal uses median sold price — note that QPAREB does not publish MLS® HPI benchmark prices.
Supply and Demand Breakdown
The composition effect still holds: with condo sales down 14%, single-family down 9% and plex down 16%, the mix of what sold is little changed, which is why flat medians are a fair signal this month. Median prices are a mix-sensitive measure, and QPAREB publishes no MLS® HPI benchmark for Montreal to correct for that.
The supply side is unambiguous. Active listings are up 20% year over year and new listings up 7%, while sales are down 12%. On the Island of Montreal, condo days-on-market went from 54 to 73 — nineteen days longer to sell the same property, which is the clearest buyer’s advantage anywhere in this market.
What's Driving Montreal's Market
Value relative to other cities: A single-family home in Montreal at a $635,000 median costs less than the $682,500 apartment benchmark in Metro Vancouver and far less than the $860,000 median price across the GTA. Montreal offers the best square-footage-per-dollar of any major Canadian city, drawing buyers who want space without sacrificing urban amenities.
Plex market: Quebec’s plex market — duplexes, triplexes, and quads — is unique to Montreal. Buyers purchase a plex, occupy one unit, and rent the remaining units to offset mortgage costs. The 3% year-over-year price appreciation in this segment reflects durable investor demand even as plex sales fall 16%.
French-language market dynamics: Roughly 70% of Montreal transactions occur in French. The provincial government's language requirements (Bill 96) have modestly reduced English-speaking inter-provincial migration, maintaining Montreal's more moderate price growth compared to peers. The market remains bilingual in practice but regulatory friction adds steps for anglophone buyers and sellers.
Welcome Tax (Taxe de Bienvenue): Quebec charges a land transfer tax — the "Welcome Tax" — on every property purchase. On a $650,000 home the tax is approximately $7,950. First-time buyers who are Quebec residents receive no full exemption (unlike Ontario or BC), though municipalities may offer partial rebates. Factor this into your closing cost budget.
Montréal Rents — September 2026
Montréal asking rents for apartments and condos averaged $1,959/month in September 2026, up 0.2% from August and down 1.1% year over year — the smallest annual decline among Canada’s six largest markets, according to Rentals.ca. At $75 below the national average, Montréal remains one of Canada’s more affordable large-city rental markets. One-bedroom rents rose 1.1% to $1,749, the only large market where they increased; three-bedroom rents fell 1.8% to $2,783.
Source: Rentals.ca October 2026 National Rent Report (September 2026 data), published October 7, 2026. View full Canadian rent report →