Montreal home sales drop 13% as inventory builds
Montreal’s housing market continued to cool in August, with sales falling and the number of properties available for sale climbing across the region.
A total of 2,853 homes changed hands during the month, down 13% from August 2025, according to the Quebec Professional Association of Real Estate Brokers (QPAREB). Sales were also down 2% from July on a seasonally adjusted basis.
At the same time, active listings rose 18% year over year to 20,128, while new listings increased 7% to 5,874.
The increase in inventory was particularly pronounced outside the Island of Montreal, with active listings up 28% on the South Shore and 26% on the North Shore.
“With a decline in activity and growing supply across the metropolitan area, August’s results confirm that the Montreal residential market continues to rebalance,” said Camille Laberge, QPAREB’s assistant director and senior economist.
Despite the rise in inventory and slower sales, median prices increased across all three property categories, rising 3% to $650,000 for a single-family home, 4% to $437,250 for a condominium and 2% to $856,000 for a plex.
Most parts of the market continue to favour sellers, according to QPAREB, although the condominium segment is moving more quickly toward balance. On the Island of Montreal, condo conditions are now approaching the line between a balanced market and one that favours buyers.
Condo sales fell 18% from a year earlier and properties took an average of 62 days to sell, 12 days longer than last August. Laberge said downtown Montreal and the Sud-Ouest borough now have the highest listing levels recorded in the Centris system, with smaller units generally proving harder to sell.
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Camille Laberge Montreal montreal home sales montreal house prices montreal housing market QPAREB Quebec Quebec Professional Association of Real Estate Brokers
Last modified: September 5, 2026
