Montreal’s condo market has swung from white-hot competition to something more favorable for buyers — and that shift is worth understanding if you’re hunting for condos for sale in Montreal right now. February 2026 brought 20% more condo listings to the market compared to the prior year, a jump that’s reshaping negotiation dynamics (CityNews Montreal).

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Condos listed in Montréal: 6,185 · Starting prices: $45,000 · Condos in Greater Montreal: 9,927 · Key market shift: Buyer’s favour · Island listings source: Centris.ca

Quick snapshot

1Confirmed facts
  • February 2026: 9,210 condo listings in Montreal CMA, up 20% year-over-year (CityNews Montreal)
  • Condo median price $430,000 in February 2026, up 2% (CityNews Montreal)
  • Downtown Montreal is definitively a buyer’s market as of February 2026 (CityNews Montreal)
2What’s unclear
  • Precise months of remaining inventory for condos entering spring 2026
  • Exact sales volume for condos in Q1 2026
  • Whether Laval’s price growth (+5% Q4 2025) holds through mid-2026
3Timeline signal
4What’s next
  • Forecasts show Metro Montreal home values trending upward into 2026-2028 (Mortgage Sandbox)
  • Market rebalancing continues as inventory stays above 10-year average (Mortgage Sandbox)
  • Buyers retain leverage through at least early summer 2026 (Mortgage Sandbox)
Metric Value
Total Montréal listings 6,185 (realtor.ca)
Greater Montreal listings 9,927 (realtor.ca)
Lowest price point $45,000
Primary platforms realtor.ca, centris.ca
Luxury source sothebysrealty.com

Is it a good idea to buy a condo in Montreal?

For many buyers, yes — but the answer hinges on where and when you’re buying. The Montreal condo market has shifted enough by early 2026 that buyers hold real negotiating power downtown, a dynamic that hasn’t existed since the post-pandemic surge. The data shows 9,210 condo listings in February 2026, a jump of roughly 1,555 units compared to the same month the prior year (CityNews Montreal). That supply surge gives buyers room to negotiate on price and terms that simply wasn’t available in 2021-2023.

Pros and cons of buying now

Upsides

  • Downtown Montreal is a confirmed buyer’s market in February 2026 (CityNews Montreal)
  • Increased inventory means more selection and negotiating room
  • Prices remain relatively stable — not crashing, just normalizing
  • Condo ownership builds equity while renting costs continue rising

Downsides

  • Interest rates remain elevated, affecting monthly carrying costs
  • Some suburban areas (South Shore) have oversupply that could cap appreciation
  • Q4 2025 condos took 61 days on market, indicating buyers can be patient (Montreal Housing Market Q4 2025 YouTube analysis)
  • Condo fees and special assessments add ongoing cost pressure

Market trends supporting buyers

Charles Brant, Market Analysis Director, framed it clearly: “February’s data confirms that the Montreal CMA residential market is entering a sales stabilization phase, with activity levels slightly above the historical average for this time of year, along with a gradual rebalancing in the condominium segment” (CityNews Montreal). The rebalancing matters because it means sellers are adjusting expectations — which translates to cleaner deals for buyers who come prepared.

“This is not a crash, but it is a segment where sellers need to be realistic.” — Real estate analyst reviewing Q4 2025 data (Montreal Housing Market Q4 2025 YouTube analysis)

The upshot

Buyers with pre-approved mortgages and clear budgets have genuine leverage in downtown Montreal right now. But that window isn’t permanent — forecasts from Mortgage Sandbox show values trending upward into 2026-2028.

Are condo prices dropping in Montreal?

Not in any broad crash sense — prices are flat to slightly up depending on the submarket. December 2025 closed with the condo median at $425,000, up 1.4% year-over-year (Canadian Mortgage Trends). By February 2026, the CMA median hit $430,000, a 2% gain (CityNews Montreal). March 2026 showed $425,000, essentially stable month-over-month (WOWA.ca Montreal Housing Market Report). What changed is not the price direction — it’s the market balance.

Recent price data

The headline numbers tell a story of stability with regional variation. Island of Montreal condos held steady at $475,000 median in Q4 2025 — unchanged from Q4 2024 (Montreal Housing Market Q4 2025 YouTube analysis). Laval bucked the trend at $419,000, up 5% year-over-year. South Shore condos reached $450,000, up 4% (Montreal Housing Market Q4 2025 YouTube analysis). The pattern is clear: central core stable, suburbs still climbing but from different baselines.

Forecast for 2025-2026

Experts caution against expecting any sharp correction. The condo normalization reflects improved inventory — up 18% in Greater Montreal — and buyers gaining pricing sensitivity. Long-term forecasts from Mortgage Sandbox project Metro Montreal home values trending upward into 2026-2028, though at moderate rather than explosive rates.

Why this matters

If you’re watching for a “dip to buy,” the data suggests patience may not yield the discount you hope for. What you get instead is better terms, more selection, and less bidding-war pressure — a fundamentally different buying experience than 2021-2022.

How much does it cost to buy a condo in Montreal?

Entry points range from $45,000 at the very low end to over $1 million for luxury downtown units — so “how much” depends almost entirely on neighborhood and condition. The February 2026 median sits at $430,000 for the CMA overall, but that masks significant variation across Montreal’s distinct submarkets. A buyer searching for condos for sale in Montreal Centre Ville faces different economics than someone looking in Laval or the South Shore.

Average prices by neighborhood

Regional price data from Q4 2025 reveals distinct submarket patterns across the Montreal area.

Area Q4 2025 Median Year-over-Year Change
Island of Montreal $475,000 Unchanged
South Shore $450,000 +4%
Laval $419,000 +5%
Greater Montreal CMA $425,000 (Dec 2025) +1.4%

Additional costs

Beyond the purchase price, Montreal condo buyers need to budget for: Quebec transfer tax (taxe de mutation), typically 0.5% to 1.5% of purchase price; monthly condo fees ranging from $150 to $500+ depending on building age and amenities; and potential special assessments for capital repairs. First-time buyers in Quebec may qualify for a refund on part of the transfer tax. Working with a local realtor familiar with Montreal’s specific fee structures and closing costs helps avoid surprises.

What to watch

Listings under $300k exist but move fast — particularly in well-served transit corridors. Buyers targeting budget condos should set up Centris.ca alerts and be ready to act, as affordability-focused inventory in Montreal draws quick interest.

Condo vs House: Which Is the Smarter Choice in Montreal?

For most first-time buyers, the condo wins on affordability and maintenance simplicity — but the house retains better long-term appreciation in Montreal’s current market. Q4 2025 data reveals the gap clearly: condos gained just 1% in median price year-over-year, while single-family homes jumped 7% (Montreal Housing Market Q4 2025 YouTube analysis). That doesn’t make condos a bad buy — it makes them a different asset class with different trade-offs.

A side-by-side comparison helps clarify where each property type excels.

Factor Condo Single-Family House
Q4 2025 price growth +1% +7%
Maintenance responsibility Shared (fees cover exterior) Full owner responsibility
Typical entry price $350,000-$475,000 $500,000-$700,000+
Downtown availability Abundant Limited, expensive
Investment appreciation Moderate Stronger

The pattern shows condos gaining only 1% versus houses gaining 7% in Q4 2025 — these aren’t interchangeable asset classes.

Lifestyle factors

The condo advantage is practical: no snow removal, no lawn care, no unexpected roof repairs. For urban-focused buyers who want walkability and transit access, downtown condos offer a lifestyle houses simply can’t match at comparable price points. The trade-off is less land ownership, shared walls, and condo fee obligations that can rise over time. For a deeper dive into the specifics of condo ownership in Montreal, consult our comprehensive guide to buying condos in Montreal at Accrue Real Estate reviews.

A house makes sense for families needing space, buyers in suburban neighborhoods where detached prices remain reasonable, or investors banking on Montreal’s long-term appreciation story. The 2025 sales data showed house transactions still dominating market activity, with buyers willing to pay the premium for outdoor space and privacy.

The trade-off

If your priority is wealth building, the data favors houses today. If your priority is lifestyle convenience, manageable costs, and urban access, a well-chosen condo in a sought-after Montreal neighborhood still holds solid value — especially at today’s entry prices.

Where do wealthy people live in Montreal?

Montreal’s prestige neighborhoods cluster around specific areas: Westmount and Outremont for old money and historic mansions, downtown high-rises for urban luxury, and Griffintown or Saint-Henri for the newer money aesthetic. Condo prices in these corridors reflect the premium — with units in Westmount or Mount Royal routinely exceeding $700,000 and full-scale luxury listings pushing well past $1 million through Sotheby’s International Realty.

Prestigious neighborhoods

Westmount remains Montreal’s most affluent enclave, with average home values among Canada’s highest. Outremont draws buyers seeking proximity to downtown without Westmount’s extreme price tags. For luxury condos specifically, the Golden Square Mile and adjacent downtown corridors offer the highest concentration of upscale high-rise units with doorman service, concierge amenities, and premium finishes.

Luxury condo options

Luxury condo buyers in Montreal face a smaller inventory than the general market, but options exist across several categories: full-floor penthouses in new developments ($1M+), renovated units in historic buildings with premium finishes ($600K-$900K), and high-floor units in established luxury buildings with amenities ($500K-$750K). Sotheby’s International Realty maintains listings across these segments, though selection varies seasonally.

Bottom line: Montreal’s luxury condo market is modest by Toronto or Vancouver standards but offers genuine prestige options for buyers with $500K+ budgets. The bulk of Montreal’s condo activity — and where most buyers should focus — sits in the $350,000-$475,000 range across diverse neighborhoods.

Related reading: Condos for Sale London Ontario

Additional sources

groupmtl.ca, equipelefrancois.ca, mpamag.com

Listings have surged past 9,200 in the Montreal area according to the Montreal condo listings report, solidifying downtown as a true buyer’s market.

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Frequently asked questions

Is $100,000 a good salary in Montreal?

Yes, $100,000 is a strong salary in Montreal. The city’s cost of living runs roughly 20-30% below Toronto and Vancouver, meaning a $100K household can afford a comfortable lifestyle including decent housing. Median household income in Montreal metropolitan area sits well below that threshold, making $100K above-average buying power for housing decisions.

Is it cheaper to live in Montreal or Toronto?

Montreal is noticeably cheaper than Toronto across most categories. Housing costs run 20-40% lower depending on neighborhood and property type. Childcare, transit, and entertainment also favor Montreal. The main exception is French-language requirements for certain jobs and services — a consideration for English-speaking newcomers but not a financial factor.

Why are people moving out of Montreal?

Some residents cite limited high-paying job opportunities compared to Toronto or Vancouver, French language requirements, and colder winters as reasons for relocating. However, Montreal continues attracting newcomers who value its culture, affordability, and quality of life. Net migration patterns are complex — the city gains and loses residents across different demographics.

What are new condos for sale in Montreal?

New condo developments are concentrated in Griffintown, Saint-Henri, and the eastern reaches of the Island, with suburban options in Brossard (South Shore) and Laval. New builds typically price $100K-$200K above comparable resale units but offer modern layouts, energy efficiency, and lower maintenance concerns. Centris.ca filters allow searches for new-only listings.

Where to find cheap condos for sale in Montreal?

Budget condos under $300K cluster in areas with older inventory or less amenity-rich buildings: eastern Island neighborhoods like Rivière-des-Prairies, certain Laval sectors, and Brossard offer lower entry points. Units requiring renovation in Plateau-adjacent areas occasionally surface below market rate. realtor.ca and Centris.ca price filters make targeting these segments straightforward.

Are there 2 bedroom condos for sale in Montreal?

Yes, 2-bedroom condos represent a substantial portion of Montreal’s inventory, particularly in family-friendly neighborhoods and transit-served corridors. Expect to pay $400,000-$550,000 for well-located 2-bedroom units on the Island, with suburban options in Laval and South Shore ranging $350,000-$450,000. The February 2026 market’s increased overall inventory gives 2-bedroom seekers more choice than the 2021-2023 frenzy allowed.

What about condos for rent in Montréal?

Rental demand increased in 2025 as ownership affordability challenges pushed some buyers toward renting temporarily. Condo rental listings are available through Centris.ca and dedicated rental platforms. Monthly rents for 2-bedroom condos in central Montreal typically range $1,800-$2,500 depending on neighborhood and building quality.

Buyers who’ve been waiting for the right moment now have it: genuine buyer leverage, stable prices, and a growing selection all at once in Montreal’s condo market. Savvy buyers who act on current conditions will secure better terms than those who wait for a market shift that data suggests may not arrive.