Home sales in the Montréal census metropolitan area fell to 3,252 in October 2026, down 18% from October 2025 and about 13% below the 10-year average for the month, the Quebec Professional Association of Real Estate Brokers (QPAREB) reported on November 6, 2026, based on Centris data. Active listings climbed to 21,817, almost 20% more than a year earlier.
- Sales: 3,252, down 18% year over year.
- Active listings: 21,817, up almost 20%; plexes +25%, single-family homes +22%, condominiums +14%.
- Median prices: single-family homes up 2% year over year; condominium and plex prices stable.
- Average selling time: 36 days for single-family homes, 46 days for plexes, 56 days for condominiums.
Supply is building fastest in the suburbs
The largest increases in inventory were in Saint-Jean-sur-Richelieu (+34%), the North Shore (+30%) and the South Shore (+30%). QPAREB said falling sales and rising supply eased conditions across all property types, though the market still generally favours sellers. The exception is the condominium market in central parts of the Island of Montréal, which has a surplus of listings. On the Island and in Laval, more affordable areas account for a growing share of sales, while the highest-priced markets are less active.
Financing costs are part of the story
The board pointed to a recent rise in five-year fixed mortgage rates and to the Bank of Canada's October 28 increase in its policy rate to 2.5%, which it said could reinforce the slowdown in coming months. For plex investors, it noted that higher financing costs reduce borrowing capacity and can weaken the profitability of purchases at current prices.
Our interpretation: with plex inventory up sharply and prices flat, the gap between what sellers ask and what buyers can finance may widen. Buyers have more choice and time than a year ago, but they are qualifying at higher rates, which can offset some of that advantage.
Who is affected and what to do
- Buyers can use longer selling times to compare properties and keep financing and inspection conditions in an offer. Re-check what you can afford with the affordability calculator before you start bidding.
- Plex and rental investors should test the numbers at current rates, including vacancy and expenses, with the rental property calculator before committing.
- Sellers, especially of central condominiums and plexes, face more competition. A Quebec real estate broker can pull recent comparable sales to help set a realistic price.
Sources
- Quebec Professional Association of Real Estate Brokers (QPAREB), Montreal CMA: Sales Slowdown Persists, 2026-11-06. Accessed 2026-11-09.
- Bank of Canada, Bank of Canada raises policy rate to 2.5% (October 28, 2026 interest rate announcement), 2026-10-28. Accessed 2026-11-09.
General information only. Figures are from QPAREB's monthly release for the Montréal census metropolitan area and are based on Centris data.
