If in case you have been ready to purchase a condominium in Montreal, now could also be your time. In keeping with Centris knowledge, Montreal’s condominium market is shifting in favour of patrons. In February 2026, the variety of condominiums listed available on the market elevated from 7,655 to 9,210 within the Montreal Census Metropolitan Space (CMA), in comparison with final yr.
The info exhibits that the Island of Montreal was the one space the place gross sales remained secure. Different main areas posted declines starting from -1 per cent on the North Shore to -9 per cent in Laval.
On Thursday, the Quebec Skilled Affiliation of Actual Property Brokers (APCIQ) launched its month-to-month statistics exhibiting that present figures now exceed the typical stage of the previous ten years.
In downtown Montreal particularly, there isn’t a longer any doubt: it’s a purchaser’s market, consultants verify.
“February’s knowledge confirms that the Montreal CMA residential market is coming into a gross sales stabilization part, with exercise ranges barely above the historic common for this time of yr, together with a gradual rebalancing within the condominium phase,” notes Charles Brant, market evaluation director on the affiliation.
Consultants clarify that the shift is basically as a consequence of a rise in listings on the Island of Montreal and in areas of the South Shore similar to Brossard, Saint-Lambert, La Prairie and Candiac, the place new and unsold condominiums accrued in 2024 and 2025. Analysts had been anticipating this surge for a number of months.
Neighbourhoods similar to Griffintown, Île-des-Sœurs and the Côte-des-Neiges sector are a part of this development. The Plateau-Mont-Royal and Villeray boroughs are largely excluded as a result of still-limited provide of condominiums.
Rental vs. dwelling shopping for
Through the pandemic, patrons more and more rushed to buy single-family properties, as many wished to flee the confined house of metropolis dwelling. The surge in recognition of single-family properties lowered demand for condominiums.
The market has now shifted, and the variety of condos on the market is way larger than the variety of homes on the market throughout the complete area.
On the availability facet, the variety of single-family properties and plexes listed on the market within the area elevated barely (+5 per cent and +6 per cent, respectively). The variety of condominiums on the market, nonetheless, surged by 20 per cent, pushing provide barely above its historic 10-year common.
Knowledge additionally exhibits that costs continued to rise throughout all three property classes. The median value of single-family properties reached $639,000 (+7 per cent), condominiums stood at $430,000 (+2 per cent), and plexes posted the strongest improve, with a median value of $850,000 (+8 per cent).
The shift out there has additionally shortened the typical variety of days on market throughout all classes to 39 days for single-family properties, 48 days for plexes, and 53 days for condominiums.
The Montreal market is lastly trending towards a extra sustainable tempo when it comes to exercise and value progress, particularly within the condominium phase, based on the affiliation.