If you have been waiting to buy a condo in Montreal, now may be your time. According to Centris data, Montreal’s condo market is shifting in favour of buyers. In February 2026, the number of condominiums listed on the market increased from 7,655 to 9,210 in the Montreal Census Metropolitan Area (CMA), compared to last year.
The data shows that the Island of Montreal was the only area where sales remained stable. Other major areas posted declines ranging from -1 per cent on the North Shore to -9 per cent in Laval.
On Thursday, the Quebec Professional Association of Real Estate Brokers (APCIQ) released its monthly statistics showing that current figures now exceed the average level of the past ten years.
In downtown Montreal especially, there is no longer any doubt: it is a buyer’s market, experts confirm.
“February’s data confirms that the Montreal CMA residential market is entering a sales stabilization phase, with activity levels slightly above the historical average for this time of year, along with a gradual rebalancing in the condominium segment,” notes Charles Brant, market analysis director at the association.
Experts explain that the shift is largely due to an increase in listings on the Island of Montreal and in areas of the South Shore such as Brossard, Saint-Lambert, La Prairie and Candiac, where new and unsold condominiums accumulated in 2024 and 2025. Analysts had been anticipating this surge for several months.
Neighbourhoods such as Griffintown, Île-des-Sœurs and the Côte-des-Neiges sector are part of this trend. The Plateau-Mont-Royal and Villeray boroughs are largely excluded due to the still-limited supply of condominiums.
Condo vs. home buying
During the pandemic, buyers increasingly rushed to purchase single-family homes, as many wanted to escape the confined space of city living. The surge in popularity of single-family homes reduced demand for condominiums.
The market has now shifted, and the number of condos for sale is much higher than the number of houses for sale across the entire region.
On the supply side, the number of single-family homes and plexes listed for sale in the region increased slightly (+5 per cent and +6 per cent, respectively). The number of condominiums for sale, however, surged by 20 per cent, pushing supply slightly above its historical 10-year average.
Data also shows that prices continued to rise across all three property categories. The median price of single-family homes reached $639,000 (+7 per cent), condominiums stood at $430,000 (+2 per cent), and plexes posted the strongest increase, with a median price of $850,000 (+8 per cent).
The shift in the market has also shortened the average number of days on market across all categories to 39 days for single-family homes, 48 days for plexes, and 53 days for condominiums.
The Montreal market is finally trending toward a more sustainable pace in terms of activity and price growth, especially in the condominium segment, according to the association.
