Home Sales in Montreal Area Drop 10% in July
The real estate market in the Montreal area experienced a 10% decrease in home sales compared to the previous year, according to the Quebec Professional Association of Real Estate Brokers. In July, 3,338 residential properties were sold in the Montreal census metropolitan area, down from 3,709 in July of the previous year. Sales declined across all property categories and geographic regions of the area.
Despite the decline in sales, home prices saw an upward trend in July. The median price of plexes increased by 6.1% to $865,000, while the median price of single-family homes rose by 4% to $650,000, and condominium prices went up by 1.5% to $431,500.
New listings in July rose by 4.1% year-over-year, with a total of 5,260 properties listed for sale. The real estate board noted that the supply of properties for sale has been steadily increasing since the summer of 2025.
Hélène Bégin, the board’s senior economist, mentioned that the market slowdown is affecting various housing types, especially single-family homes and plexes. The overall decline in the real estate market is attributed to economic uncertainties and changing demographics, including stricter immigration rules contributing to a population decline in the Montreal area.
The market is currently experiencing rising supply and decreased demand, leading to a more balanced market after several months of easing. However, sellers of single-family homes and plexes still have an advantage in negotiations, with total inventory rising by 16.6% to 19,790 units for sale.
