Montreal home sales fall 18% in October 2026 as listings jump

Montreal resale transactions fell 18% in October while active listings reached 21,817, and median prices for condominiums and plexes were stable.

The facts

The Quebec Professional Association of Real Estate Brokers, drawing on the Centris database, reported on 6 November 2026 that 3,252 residential transactions were completed in the Montreal census metropolitan area in October, -18% against October 2025 and about 13% below the ten-year average for the month.
Supply kept building: 21,817 active listings at month end, which the association describes as an increase of almost 20 per cent year over year.
Plexes recorded the largest increase in properties for sale at 25 per cent, ahead of single-family homes at 22 per cent and condominiums at 14 per cent.
The median price of a single-family home rose 2 per cent year over year across the metropolitan area, while median prices for condominiums and plexes remained stable.
Properties were still selling quickly, in an average of 36 days for single-family homes, 46 days for plexes and 56 days for condominiums.
The largest gains in inventory were in Saint-Jean-sur-Richelieu at 34 per cent, on the North Shore at 30 per cent and on the South Shore at 30 per cent; market analysis director Charles Brant said plex inventory had risen 28 per cent year over year while median price growth had moderated since August.

More listings, fewer sales: 21,817 against 3,252. The release still calls conditions generally favourable to sellers.
Glopra puts the Montreal city-centre price at 5,080 US dollars per square metre. The association's own figures are percentage changes in Canadian-dollar medians: single-family homes up 2 per cent, condominiums unchanged. The two are measured on different bases and in different currencies.
If you already own in Montreal, the condominium is the exposed segment: the association states that in the condominium market on the Island of Montreal central areas are still in surplus, and condominiums already take the longest to sell at 56 days.

Financing cost is the next variable. Brant named the recent rise in five-year fixed mortgage rates and the Bank of Canada's late-October policy rate increase as factors that could reinforce the existing trend, and said changes in financing costs and refinancing conditions will be particularly important to watch. On his account, higher financing costs reduce investors' borrowing capacity and may undermine the profitability of acquisitions at current prices, which could widen the gap between what sellers expect and what buyers can pay.
The release words the listings increase as almost 20 per cent without printing an exact percentage; 21,817 is the only listings level it states.
Median prices appear in this release as percentage changes rather than amounts, and no next publication date is given.

Sources: QPAREB https://apciq.ca/en/montreal-cma-sales-slowdown-persists/