Montreal Housing Market: Home Prices and Sales | September 2026

Greater Montreal’s resale figures come from the Quebec Professional Association of Real Estate Brokers (QPAREB), which compiles every sale on the Centris system for the Montreal census metropolitan area, from the island to Laval, the North and South Shores, Vaudreuil-Soulanges and Saint-Jean-sur-Richelieu. QPAREB leads with median prices by property type and treats plexes, the duplexes and triplexes common in Montreal, as a category of their own. This page reports September 2026, released in October 2026. QPAREB publishes no MLS® HPI benchmark; the Canadian housing market overview explains how medians, averages and benchmarks differ.

Greater Montreal home prices, September 2026

Montreal CMA, QPAREB by the Centris system, September 2026; change in the median from a year earlier.

Dividing sales volume by the number of sales gives an all-types average of $683,074 (0.9% on the same calculation a year earlier). Condos were the slowest to sell: they took 65 days on average against 48 a year before, and condo sales were 14% down on the year.

Prices by part of the region

QPAREB withholds a median when an area has too few sales in the month.

At the median, a single-family house on the Island cost $199,000 more than one on the North Shore, and the Island’s plex median was $930,000. The Island accounted for 36% of the CMA’s sales but 51% of its active listings. Neighbourhood-level detail is on best neighbourhoods in Montreal.

Sales, listings and market balance

The CMA recorded 3,082 sales, -12% against the same month a year earlier, while new listings reached 7,494 (+7.2%) and 21,793 properties were for sale (+19.9%). QPAREB publishes neither ratio, so we computed them: sales came to 41.1% of new listings, below CREA’s 45% to 65% balanced range, and the listings on the market equalled 7.1 months of sales, beyond the 6.4 months CREA reads as a buyer’s market (what the ratios mean). Both are single-month, unadjusted figures.

In its release QPAREB says the number of properties for sale has now risen for 14 months in a row, with the growth gathering pace in the suburbs, and that inventory sits 18% above its 10-year average, which the association sees as taking pressure off prices.

Welcome tax and down payment

Transfer duties, the “welcome tax”, are billed by the municipality after the sale, and the City of Montreal charges more than the provincial schedule on the upper part of a price. Using the City’s 2026 brackets, a condo bought at the Island’s median of $476,500 owes $5,258. A first-time buyer would get $5,065 of that back through Quebec’s refundable home-ownership tax credit and pay about $194 net.

For the Island’s median single-family house, at $779,000, the City’s duties come to $10,929, part of it at the 2% rate that starts at $552,300. That price is past the $750,000 point where the first-time buyer credit shrinks by 2.35% of the excess, so a first-time buyer there gets back about $5,194 instead of the full $5,875. Elsewhere in the CMA each municipality charges the provincial rates or, on the part of a price above $500,000, a higher rate set by its own by-law (Quebec welcome tax calculator).

At the CMA’s single-family median, the smallest down payment allowed is $38,500, 6.1% of the price, and mortgage default insurance on the rest adds $23,860 to the loan (4.00%). A median condo needs $21,500 down.

Income needed against Montreal incomes

To carry the CMA’s median single-family home with that minimum down payment, a household would need roughly $143,600 a year; a median condo, $99,700 (method). Montreal’s median household income in the 2021 Census was $76,000 for 2020, so the house requires 89% more than that and the condo 31% more. The census income is for 2020, years before these prices, so the comparison is a rough guide; average income in Montreal has more recent survey figures.

Related pages

• Buying a home in Montreal
• Montreal rental market
• Quebec City housing market
• Quebec housing market