Average House Price in Montreal

by The Canadian Magazine of Immigration · August 17, 2025

The average house price in Montreal is $577,700

House Prices in Montreal, QC

Housing Market in Montreal – July 2025

In July 2025, Montreal’s housing market continued its robust performance, with home sales rising by approximately 9.7% to 10% year-over-year, marking the most active July since 2021, according to various sources including the Quebec Professional Association of Real Estate Brokers (QPAREB). The average home price reached a record high of $658,679, reflecting a 7.8% year-over-year increase and a slight 0.3% month-over-month uptick, driven by competitive bidding across property types. Median prices also saw gains, with single-family homes at $763,500 (+2%), condominiums at $470,000 (+2%), and plexes stable at $835,500. Despite a seasonal summer slowdown, sales volume hit nearly $1.06 billion, up 16% from July 2024, supported by a 10% increase in new listings and a 7% rise in inventory, creating a more balanced market with a sales-to-new-listings ratio of 78%, firmly in seller’s market territory.

Housing Market in Montreal – June 2025

In June 2025, Montreal’s housing market continued its robust growth, with home sales surging 15.5% year-over-year to 4,385 transactions, driven by lower interest rates following the Bank of Canada’s key rate cut to 3.25% by December 2024. Median prices rose approximately 7% across all property types, with single-family homes reaching $627,000 (up 7.4%), condos at $426,494 (up 6.6%), and plexes at $830,000 (up 7.1%). Active listings increased slightly by 1.8% to 18,122, primarily due to growth in the condominium market, while new listings grew by 6.4% to 5,654. The sales-to-new-listings ratio (SNLR) remained at 66%, indicating a seller’s market fueled by strong demand, limited supply, and improved affordability, despite economic uncertainties and a modest increase in inventory.

Housing Market in Montreal – May 2025

In May 2025, Montreal’s housing market continued its robust growth, with the average home price reaching a record high of $658,107, up 8.3% year-over-year and 1.9% month-over-month. Home sales rose 9.4% annually to 4,992, though they dipped slightly from April, while new listings increased 11% to 7,596, and active listings grew 2% to 18,920. The sales-to-new-listings ratio (SNLR) of 66% signaled a seller’s market, driven by strong demand, lower mortgage rates (with the lowest 5-year fixed at 3.94%), and limited supply. Median prices for single-family homes hit $625,000 (up 8.6%), condos reached $427,500 (up 4.3%), and plexes stood at $825,000 (up 5.8%), reflecting Montreal’s affordability compared to Toronto and Vancouver, despite rising rents and competitive conditions.

Housing Market in Montreal – April 2025

In April 2025, Montreal’s housing market reached new heights, with the average home price hitting a record high of $645,867, reflecting a 7.6% year-over-year increase and a 3.3% month-over-month rise. The median price for single-family homes surged 8.7% to $625,000, while condominiums saw a 6.1% increase to $424,500. This upward trend, driven by strong demand and a recovering market, contrasts with national trends where single-family home prices fell 1.1% from March. Montreal’s market is described as “on fire,” with sales up 10% year-over-year, though rising prices have pushed the income needed to afford a home higher, posing challenges for buyers.

Housing Market in Montreal – March 2025

Montreal’s housing market in March 2025 is a seller’s market. Montreal saw a 138% year-over-year surge in housing starts, led by multi-unit projects. Luxury sales over $500,000 jumped 78.6% year-to-date, fueled by population growth of 132,000 in the Montreal CMA. Rental prices fell 9% for shared accommodations to $862, but demand for larger units remains strong.

In July 2025, the average house price in Montreal increased by 8.4% year-over-year.

Average House Price in Montreal
	2023	2024	2025
January	$499,200*	$516,100*	$549,900
February	$502,000*	$522,700*	$562,300
March	$507,000*	$531,700*	$568,600
April	$513,200*	$531,300*	$574,900
May	$514,600*	$534,300	$580,100
June	$513,400	$537,700	$576,800
July	$516,800*	$533,100	$577,700
August	$518,400*	$535,700
September	$515,400*	$543,400
October	$513,300*	$544,300
November	$511,300*	$543,800
December	$506,800*	$542,900
Source: CREA 2020
*Updated

House prices in Montreal 2020-2022

Average House Price in Montreal
	2020	2021	2022
January	$372,000*	$434,600*	$527,000*
February	$380,500*	$453,700*	$536,600*
March	$387,200*	$475,000*	$546,600*
April	$385,500*	$488,300*	$552,400*
May	$386,200*	$482,900*	$549,700*
June	$391,600*	$485,200*	$541,100*
July	$402,000*	$482,200*	$527,900*
August	$409,200*	$482,600*	$518,300*
September	$413,600*	$483,800*	$506,200*
October	$418,000	$491,000*	$499,600*
November	$424,000*	$496,900*	$495,900*
December	$426,900*	$501,100*	$492,500*
Source: CREA
*Updated

House prices in Montreal 2017-2019

Average House Price in Montreal
	2017	2018	2019
January	$314,300*	$328,600*	$349,600*
February	$315,200*	$332,600*	$353,400
March	$318,500*	$336,300*	$357,800*
April	$321,000*	$339,300*	$397,730*
May	$322,400*	$341,900*	$347,200*
June	$323,900*	$342,600*	$350,500*
July	$326,200*	$342,800*	$351,700*
August	$326,400	$343,600*	$350,700*
September	$327,600	$346,100*	$357,600*
October	$329,300	$348,000*	$361,300*
November	$327,800*	$348,400*	$360,300*
December	$330,900	$349,200*	$360,900
Source: CREA
*Updated