Montreal housing market data has been updated to include market stats for May 2025 released in June 2025.
Montreal saw an increase of 10% year-over-year in the total sales as they increased form 4,992 to 4,532 in May 2025. Total active listings saw low year-over-year growth of 2% increasing to 18,920 in May.
Average home price by property type in Montreal
These are the average home prices by property type in Montreal as of May 2025.
| Area | Single-Family | Condo | Plex |
|---|---|---|---|
| Montreal CMA | $625,000 | $427,500 | $825,000 |
The median home price for single-family homes saw a year-over-year increase of 9% at $625,000 in May 2025 vs. $575,000 the prior year. Condominiums saw an increase of 4% year-over-year increasing from $410,000 to $427,500.
Median home price in Montreal
These are the median home prices in Montreal for May 2025 for single family, condo and plex homes by area:
| All | Single-Family | Condo | Plex |
|---|---|---|---|
| Montreal CMA | $625,000 | $424,500 | $830,500 |
| Island of Montreal | $797,500 | $475,000 | $860,000 |
| Laval | $624,000 | $410,000 | $874,000 |
| North Shore of Montreal | $558,250 | $370,000 | $703,250 |
| South Shore of Montreal | $635,000 | $395,000 | $788,250 |
| Vaudreuil-Soulanges | $600,000 | $389,000 | N/A |
| Saint-Jean-sur-Richelieu | $569,500 | 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 May 2025 home prices.
Income to afford a home:
| Area | Home Price | Income | Month/Month Change |
|---|---|---|---|
| Montreal CMA | $625,000 | $165,366 | +$1,359 (+0.83%) |
| Island of Montreal | $797,500 | $204,068 | +$1,162 (+0.57%) |
| Laval | $624,000 | $165,141 | +$6,691 (+4.22%) |
| North Shore of Montreal | $558,250 | $150,390 | +$408 (+0.27%) |
| South Shore of Montreal | $635,000 | $167,609 | +$1,713 (+1.03%) |
| Vaudreuil-Soulanges | $600,000 | $159,757 | -$5,306 (-3.21%) |
| Saint-Jean-sur-Richelieu | $569,500 | $152,914 | -$1,424 (-0.92%) |
Income to afford a condo:
| Area | Home Price | Income | Month/Month Change |
|---|---|---|---|
| Montreal CMA | $427,500 | $121,054 | +$1,614 (+1.35%) |
| Island of Montreal | $487,531 | $134,523 | +$3,858 (+2.95%) |
| Laval | $418,000 | $118,923 | +$2,706 (+2.33%) |
| North Shore of Montreal | $355,000 | $104,788 | -$2,538 (-2.36%) |
| South Shore of Montreal | $392,444 | $113,189 | +$306 (+0.27%) |
| Vaudreuil-Soulanges | $357,933 | $105,446 | -$6,103 (-5.47%) |
| 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 3.99%
- 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).