Montreal housing market data has been updated to include market stats for July 2025 released in August 2025.
Montreal saw an increase of 11.14% year-over-year in the total sales as they increased form 1,741 to 1,935 in July 2025. Total active listings saw year-over-year decline of 1.35% as they fell from 6,941 in July 2024 to 6,847 in July 2025.
Average home price by property type in Montreal
These are the average home prices by property type in Montreal as of July 2025.
| Area | Single-Family | Condo | Plex |
|---|---|---|---|
| Montreal CMA | $625,000 | $425,000 | $815,000 |
The median home price for single-family homes saw a year-over-year decrease of 0.32% with home prices decreasing from $627,000 the prior year to $625,000 in July 2025. Condominiums also saw a decrease as prices dropped 0.35% year-over-year decreasing from $426,494 in July 2024 to $425,000 in 2025.
Median home price in Montreal
These are the median home prices in Montreal for June 2025 for single family, condo and plex homes by area:
| All | Single-Family | Condo | Plex |
|---|---|---|---|
| Montreal CMA | $625,000 | $425,000 | $815,000 |
| Island of Montreal | $763,500 | $470,000 | $835,500 |
| Laval | $599,000 | $427,000 | N/A |
| North Shore of Montreal | $565,000 | $372,250 | $732,500 |
| South Shore of Montreal | $630,000 | $399,900 | $709,000 |
| Vaudreuil-Soulanges | $636,721 | $376,250 | N/A |
| Saint-Jean-sur-Richelieu | $538,000 | N/A | N/A |
How much income would it take to afford a home in Montreal?
The income it would take to purchase a home in Montreal varies widely based on the location you wish to purchase a home in. these tables shows how much household income it would take to afford a home based on July 2025 home prices.
Income to afford a home:
| Area | Home Price | Income | Change in Income Required |
|---|---|---|---|
| Montreal CMA | $625,000 | $166,047 | $-451 (-0.27%) |
| Island of Montreal | $763,500 | $197,266 | $-9,129 (-4.42%) |
| Laval | $599,000 | $160,187 | $ (0.00%) |
| North Shore of Montreal | $565,000 | $152,523 | $-2,254 (-1.46%) |
| South Shore of Montreal | $630,000 | $167,174 | $-1,127 (-0.67%) |
| Vaudreuil-Soulanges | $636,721 | $168,689 | +$1,515 (+0.91%) |
| Saint-Jean-sur-Richelieu | $538,000 | $146,437 | $-5,922 (-3.89%) |
Income to afford a condo:
| Area | Home Price | Income Required | Change in Income Required |
|---|---|---|---|
| Montreal CMA | $425,000 | $120,966 | $-337 (-0.28%) |
| Island of Montreal | $470,000 | $131,109 | $-2,818 (-2.10%) |
| Laval | $427,000 | $121,417 | +$2,705 (+2.28%) |
| North Shore of Montreal | $372,250 | $109,075 | +$2,761 (+2.60%) |
| South Shore of Montreal | $399,900 | $115,308 | $-699 (-0.60%) |
| Vaudreuil-Soulanges | $376,250 | $109,977 | $-620 (-0.56%) |
| Saint-Jean-sur-Richelieu | N/A | N/A | N/A |
The following assumptions were made to calculate the income to afford a home in Montreal:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 4.04%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month ($4,250 per year)
- Heating costs of $150 per month ($1,800 per year)
These home prices are updated based on data released by the Quebec Professional Association of Real Estate Brokers (APCIQ).