Montreal property prices: recent trends and neighbourhoods in 2026

Median property prices on the island of Montreal in 2026, the areas where the market is easing and what a French buyer should check.

The Remoters editorial team

Published on

20 August 2024

Updated on

6 October 2026

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In August 2026, the median price of a single-family house sold on the island of Montreal was CAD 820,000, that of a condominium (condo) was $475,000 and that of a plex was $870,000, according to Centris data published by Journal Métro. Over one year, houses gained 2%, condos were flat and plexes fell 1%.

After several years of rapid increases, the Montreal market entered a rebalancing phase in 2026: sales are falling, the number of properties for sale is rising and selling times are lengthening. For a buyer, this is a more favourable context for negotiating, especially for condos. But before looking at prices, a French buyer must check a preliminary point: are they allowed to buy?

Prices on the island of Montreal in 2026

What the figures say

Single-family house: median price of $820,000 in August 2026 (+2% over one year), after a peak of $887,500 in April 2026.
Condominium: $475,000, unchanged over one year. This is the most active segment, with 562 sales out of 1,047 in August.
Plex (a small building with several units): $870,000 (-1% over one year), below the peak of $935,000 reached in February 2026.

These medians cover very different properties depending on the neighbourhood; they give an order of magnitude, not the price of a specific home.

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A market that is rebalancing

Across the metropolitan region, the Association professionnelle des courtiers immobiliers du Québec (APCIQ) recorded 2,853 sales in August 2026, down 13% over one year, and 20,128 active listings, up 18%. Median prices are nonetheless still edging up: +3% for single-family homes, +4% for condos and +2% for plexes over one year in the region.

Selling times are lengthening: 42 days on average for a single-family home and 62 days for a condo in the region. On the island, Journal Métro reports 57 days for a house and 72 days for a condo, 17 days more than a year earlier. Inventory there reaches 10,555 properties for sale, 15% more than in August 2025.

Areas to look at

According to the APCIQ, condos on the island of Montreal are the segment where rebalancing is most advanced, on the border between a balanced market and a buyers' market. Two areas stand out: downtown and the Sud-Ouest borough show the highest listing levels ever recorded, and condo prices there have stagnated for several quarters. The association also notes that the smallest units are the hardest to sell.

For you, this has two consequences. In these areas, a buyer has a real choice and room to negotiate. Conversely, single-family houses still favour sellers in most areas of the region: competition there is stronger.

The rise in listings is now sharper in the suburban belt, on the South Shore (+28%) and the North Shore (+26%), than on the island. These areas, outside the island, are not covered by the median prices cited above.

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Get help!

Can a French buyer buy in Montreal?

Since January 2023, the federal law prohibiting the purchase of residential property by non-Canadians has prevented anyone living abroad from buying a home in Canada. Extended in February 2024, it is due to expire in January 2027 unless a new decision is made, MoneySense noted in October 2026; the government launched a review of the measure in December 2025 and what follows is not yet known.

Several categories are exempt from the ban, including:

permanent residents;
temporary residents holding a work permit that is still valid for at least 183 days;
certain international students, under strict conditions on length of stay, tax filings and property price;
buildings of four or more units, and homes located outside major centres.

A purchase in breach of the ban exposes you to a fine of up to $10,000 and a forced sale of the property. Have your situation checked by a professional before making any offer.

Costs to plan for: the welcome tax

When you buy, the City of Montreal collects transfer duties, called the "welcome tax" (taxe de bienvenue). They are calculated in brackets on the price (or the adjusted property value, if higher). The thresholds in force since 1 January 2026:

up to $62,900: 0.5%;
from $62,900 to $315,000: 1%;
from $315,000 to $552,300: 1.5%;
from $552,300 to $1,104,700: 2%;
above that, 2.5% to 4% depending on the bracket.

The City gives the example of a $700,000 property: $9,349 in duties. For a condo at the median price of $475,000, the calculation gives about $5,235. The bill is payable in one go, within 30 days of being sent.

Buying from France

If your situation allows you to buy, a slower market gives you time to compare, but viewings, the inspection and the negotiation take place on the ground. A Remoters home finder based in Montreal can search for properties within your budget, view them for you, flag the points to have inspected and prepare your offer. The first conversation and the quote are free.