Average House Price in Montreal
The average house price in Montreal is $578,900
Housing Market in Montreal – September 2025
In September 2025, Montreal’s housing market maintained its robust momentum, with residential sales surging 11% year-over-year to 3,520 transactions across the census metropolitan area, marking a significant uptick driven by renewed buyer confidence amid Bank of Canada rate adjustments and easing borrowing conditions. The average home price hit a record high of $676,778, reflecting a 7.1% annual increase and underscoring persistent demand for single-family homes and plexes, though median prices for single-family properties stood at around $578,900 to $633,250 depending on the segment. New listings jumped 17% from the prior year, boosting active inventory by 8% to 18,835 properties and alleviating some prior tightness, which shifted the sales-to-new-listings ratio to a balanced 49%—favoring neither buyers nor sellers after months of seller dominance. Overall, the market’s balanced footing, coupled with forecasts of 3-5% price growth into 2026, signals steady activity supported by population influx and government supply initiatives, though affordability challenges linger for first-time buyers.
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 September 2025, the average house price in Montreal increased by 6.5% 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 | $572,500 |
| September | $515,400* | $543,400 | $578,900 |
| 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 | |||
Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.
Decide if homeownership is right for you.
Here are some recommendations from the Canada Mortgage and Housing Corporation to buying your first home:
- Check if you are financially ready to own a home
- Analyze your situation and mortgage possibilities
- Find the right home
- Make and offer and close the deal
