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. This table 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)
Montreal market metrics
Key market indicators for Montreal as of July 2025:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 1,935 | +11.1% |
| Active Listings | 6,847 | -1.4% |
| New Listings | 2,845 | -3.2% |
| Median Single-Family Price | $625,000 | -0.3% |
| Median Condo Price | $425,000 | -0.4% |
Montreal’s market shows steady demand with sales increasing by over 11% year-over-year, while inventory has remained stable. The combination of rising sales and flat inventory points to a market that leans in favour of sellers, particularly for single-family homes.
Montreal affordability analysis
Montreal has historically offered significantly more affordable housing than Toronto and Vancouver, though the gap has been narrowing in recent years:
| City | Average/Median Home Price | Income Required |
|---|---|---|
| Vancouver (GVA) | $1,165,300 | $286,589 |
| Toronto (GTA) | $1,022,143 | $215,828 |
| Montreal (CMA) | $625,000 | $166,047 |
| Calgary | $616,686 | $163,500 |
While Montreal and Calgary require similar income levels to purchase a home, Quebec’s higher provincial income tax rates reduce take-home pay compared to Alberta. After tax, Calgary homebuyers retain more income than their Montreal counterparts at similar salary levels.
Key trends in the Montreal housing market
Population growth
The Greater Montreal Area continues to grow, driven by both international immigration and interprovincial migration from other parts of Quebec. Montreal remains the cultural and economic hub of French-speaking Canada, attracting a diverse range of newcomers and supporting housing demand.
Technology and innovation sector
Montreal has established itself as a leading hub for artificial intelligence and technology. Major investments from companies like Google, Microsoft, and Samsung, along with the city’s strong university ecosystem (McGill, Université de Montréal, Concordia, ÉTS), have attracted skilled workers and driven demand for housing, particularly in central neighbourhoods.
Infrastructure development
Major infrastructure projects including the Réseau express métropolitain (REM) light rail system are reshaping the region’s real estate landscape. Neighbourhoods near planned REM stations have seen increased development and buyer interest, as improved transit access makes previously less accessible areas more desirable.
Plex market
A distinctive feature of Montreal’s housing market is the plex — multi-unit residential buildings (typically duplexes, triplexes, and quadruplexes) that serve as both homes and investment properties. With a median price of $815,000, plexes offer a path to homeownership with rental income and are popular among owner-occupiers and investors alike.
Notable areas in Greater Montreal
Montreal’s housing market spans a diverse set of neighbourhoods and suburban areas:
- Plateau-Mont-Royal — One of Montreal’s most sought-after neighbourhoods, known for colourful duplexes, vibrant restaurant and arts scenes, and walkability. Prices have risen sharply in recent years, with single-family homes and plexes often exceeding $1 million.
- NDG (Notre-Dame-de-Grâce) — A family-friendly neighbourhood near Concordia and McGill universities. A mix of single-family homes, duplexes, and apartments with prices ranging from $600,000 to over $1 million for detached homes.
- Laval — Montreal’s largest suburb, located just north of the island. Offers more affordable single-family homes (median $599,000) with good access to the city via metro and highway.
- South Shore — Municipalities like Longueuil, Brossard, and Saint-Bruno offer suburban living south of the St. Lawrence. The REM has significantly improved transit access to the South Shore. Median single-family price: $630,000.
- West Island — Communities like Dollard-des-Ormeaux, Pointe-Claire, and Beaconsfield offer suburban living with English-language services on the western end of the island.
- Vaudreuil-Soulanges — A growing exurban area west of the island, offering among the most affordable options in the CMA with median single-family prices around $637,000.
- Island of Montreal — The island itself commands the highest prices in the CMA, with a median single-family price of $763,500 and median condo price of $470,000.
Quebec welcome tax (droits de mutation)
Quebec’s property transfer tax, officially known as droits de mutation immobilières and commonly called the “welcome tax,” is charged on all real estate transactions. Unlike Ontario’s land transfer tax, the rates and administration are handled at the municipal level, though the structure is standard across Quebec:
| Property Value Bracket | Rate |
|---|---|
| First $58,900 | 0.5% |
| $58,901 to $294,600 | 1.0% |
| $294,601 to $500,000 | 1.5% |
| Over $500,000 | 3.0% (Montreal) |
The City of Montreal applies a higher rate of 3% on the portion of the purchase price above $500,000, effective since April 2021. Other municipalities may apply different rates above $500,000 — typically 1.5% or 2%.
On a single-family home purchased at the Montreal CMA median of $625,000, the welcome tax would be approximately $8,763 in Montreal. Use our land transfer tax calculator to calculate the exact amount for your purchase.
QST on new construction
Buyers of newly constructed homes in Quebec must pay the Quebec Sales Tax (QST) of 9.975% in addition to the federal GST (5%) on the purchase price. This totals approximately 14.975% in combined sales taxes, making new-build homes significantly more expensive than equivalent resale properties. Partial rebates are available for homes under certain price thresholds. This is an important consideration when comparing new construction to resale in the Montreal market.
Related Montreal housing calculators
Planning to buy a home in Montreal? These tools can help:
- Mortgage Calculator — Estimate monthly payments on a Montreal home
- Mortgage Affordability Calculator — How much home can you afford?
- Income to Afford Home Calculator — Salary needed at Montreal price points
- Land Transfer Tax Calculator — Calculate Quebec welcome tax
- Closing Costs Calculator — Estimate total purchase costs
- Mortgage Insurance Calculator — CMHC premiums for down payments under 20%
- Mortgage Stress Test Calculator — Check your qualification
- Mortgage Rates — Compare current mortgage rates
These home prices are updated based on data released by the Quebec Professional Association of Real Estate Brokers (APCIQ).