Greater Montreal in Q3 2026: Sales Down, Supply Up, Prices Holding
According to QPAREB, the Montreal CMA recorded 9,265 sales in Q3 2026 (-12%) while supply rose 17%. What it means for a seller or a buyer, and what our 13 areas show.
The third quarter of 2026 (July to September) confirms the trend of recent months in the Montreal census metropolitan area (CMA): fewer sales, more properties for sale and prices that barely move. Here are the QPAREB figures, what our own areas show, and what it changes for selling or buying.
In brief
- The Montreal CMA recorded 9,265 residential sales in Q3, 12% fewer than a year earlier: a fourth consecutive quarterly decline (QPAREB, October 14, 2026).
- Active listings reached 20,350, up 17% year over year.
- Median prices: $645,500 for a single-family home (+2%), $435,000 for a condo (+2%) and $860,500 for a plex (+3%).
- Condos are taking longer to sell: 61 days on average, 13 days more than a year earlier.
- In the 13 areas we follow, none shows an increase in sales for Q3.
- 9,265
- CMA sales in Q3 2026 (-12%)
- 20,350
- active listings in the CMA (+17%)
- $645,500
- median single-family price (+2%)
- $435,000
- median condo price (+2%)
- 61 days
- average time to sell a condo (+13 days)
- 40 days
- average time to sell a single-family home
What QPAREB says for the quarter
CMA sales are down in all three main categories, but not at the same pace: -7% for single-family homes, -16% for condos and -16% for plexes. Median prices, meanwhile, edge up everywhere (+2%, +2% and +3%). In other words, fewer transactions, but no across-the-board price drop.
Average time to sell tells the same story: 40 days for single-family homes and 51 days for plexes, which QPAREB describes as relatively stable, versus 61 days for condos, 13 days more than a year earlier.
Who has the upper hand: seller or buyer?
According to QPAREB, sellers keep the advantage for single-family homes across the CMA. For condos the situation varies: the Island of Montreal sits on the threshold between a balanced market and a buyers' market, Laval and Vaudreuil-Soulanges are approaching balance, while the North Shore and South Shore still favour sellers. QPAREB does not classify plexes.
September: the same movement
The monthly release of October 2, 2026 points the same way: September sales are down 12% year over year and supply is up 20% for a fourteenth consecutive month, a movement that, according to QPAREB, is gaining momentum in the suburbs. Inventory sits 18% above the ten-year average, which, again according to QPAREB, is easing pressure on prices.
What our 13 areas show (Centris, Q3 2026)
Our area pages rely on Centris public statistics, which do not cover exactly the same territories as the QPAREB release for the CMA. They do show where the slowdown is felt most.
Sales
None of the 13 areas we follow has more sales than in Q3 2025, all property types combined. The sharpest declines:
- Mercier–Hochelaga-Maisonneuve : 205 sales, -34%
- Villeray : 126 sales, -26%
- Rosemont–La Petite-Patrie : 209 sales, -23%
- Ville-Marie : 311 sales, -19%
The mildest declines:
- Ahuntsic–Cartierville : 185 sales, -3%
- Notre-Dame-de-Grâce : 181 sales, -5%
- Plateau–Mont-Royal : 197 sales, -6%
- Saint-Laurent : 177 sales, -6%
Supply
Active listings are up in 11 of the 13 areas, unchanged in Ville-Marie (0%) and down in the Town of Mount Royal (-10%). The biggest increases:
- Ahuntsic–Cartierville : 469 active listings, +40%
- Plateau–Mont-Royal : 564 active listings, +25%
- Mercier–Hochelaga-Maisonneuve : 545 active listings, +24%
- Rosemont–La Petite-Patrie : 421 active listings, +22%
If you are selling
- Do not rely on the regional average: the same quarter gives very different results depending on the area and the property type.
- With more competing listings, your starting price should rest on recent completed sales, not on your neighbours' asking prices.
- For a condo, plan for a longer timeline: the CMA average is 61 days, with large gaps between areas.
- Prepare your file (certificate of location, condo documents, renovation invoices) before going to market.
For a reading of your own property, our team prepares a valuation based on real comparable sales. You can start it online or call us at 514-700-1221.
If you are buying
- Choice is wider, especially in condos: take the time to compare several similar properties before making an offer.
- Steady median prices do not mean identical prices from one property to the next: support your offer with recent comparable sales.
- Get a mortgage pre-approval to know your real budget before visiting.
- Single-family homes still favour sellers across the CMA: do not count on an automatic price drop.
Frequently asked questions
Is the Montreal real estate market going down in 2026?
Sales are down (-12% in Q3 across the CMA, according to QPAREB), but median prices are edging up (+2% for single-family homes and condos, +3% for plexes). The slowdown therefore mostly affects activity levels, not yet prices overall.
Is it a buyers' market?
Not overall. According to QPAREB, sellers keep the advantage for single-family homes in the CMA. Condos on the Island of Montreal sit on the threshold between balance and a buyers' market. The answer therefore depends on the property type and the area.
Is supply rising everywhere?
Almost. Across our 13 areas, active listings are up in 11, unchanged in Ville-Marie and down in the Town of Mount Royal (Centris, Q3 2026).
Is it a good time to sell?
No one can guarantee that. The data show fewer sales and more competition, but median prices holding up. The right time depends mostly on your project, your type of property and how accurate your starting price is.
Sources, method and limits
Sources: QPAREB (Quebec Professional Association of Real Estate Brokers, known as APCIQ in French) releases of October 2, 2026 (September) and October 14, 2026 (Q3), based on the Centris database; Centris public statistics by area, extracted on October 2, 2026. CMA figures are reproduced as published by QPAREB. Interpretation: Équipe Lefrançois.
Limits: the CMA and our areas do not cover the same territories, and area statistics sometimes cover an entire borough. Westmount is not included: we do not have Centris statistics for that area. "Average time to sell" is an average number of days on the market, not a median. These figures describe the past: they are neither a forecast nor financial advice, and do not replace a comparable-sales analysis for a specific property.
Need help interpreting the market for your project?
Our team can help you understand what this data actually means for your project.
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