Montreal Real Estate Market Enters Stabilization Phase with Notable Condominium Supply Increase
The Quebec Professional Association of Real Estate Brokers (QPAREB) has released comprehensive residential market statistics for February 2026, revealing a period of stabilization across the Montreal Census Metropolitan Area (CMA). Based on data from the Centris provincial database, the market shows evolving dynamics with significant shifts in supply and pricing patterns.
Sales Performance Across Property Categories
In February 2026, residential transactions in the Montreal CMA totaled 3,930, representing a modest 3 percent decrease compared to February 2025. The market displayed varied performance across different property types, with plexes emerging as the strongest segment.
- Plexes: 363 sales recorded, showing a 1 percent increase year-over-year
- Single-family homes: 2,056 transactions completed, experiencing a slight 1 percent decline
- Condominiums: 1,505 sales concluded, marking a more significant 7 percent decrease
Geographically, the Island of Montreal maintained stable sales activity, while other major areas experienced declines ranging from 1 percent on the North Shore to 9 percent in Laval.
Supply Dynamics and Market Conditions
The supply side of the market revealed particularly interesting developments, especially within the condominium segment. Listings for single-family homes increased by 5 percent, while plex listings rose by 6 percent. However, condominium listings surged dramatically by 20 percent, pushing supply slightly above the historical 10-year average for this property category.
Charles Brant, QPAREB Market Analysis Director, commented on these trends: "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."
Brant further explained that this adjustment is supported by a marked increase in condominium listings, which have now reached levels well above their historical average on the Island of Montreal. Additionally, listings are approaching their historical average in several peripheral areas, particularly on the South Shore.
Price Trends and Market Timing
Despite the stabilization in sales activity, prices continued to appreciate across all property categories during February 2026:
- Single-family homes: Median price reached $639,000, representing a 7 percent increase
- Condominiums: Median price stood at $430,000, showing a 2 percent gain
- Plexes: Posted the strongest price appreciation with a median price of $850,000, marking an 8 percent increase
The average number of days on market shortened across all property categories, indicating continued demand despite the overall stabilization. Single-family homes averaged 39 days on market, plexes averaged 48 days, and condominiums averaged 53 days before sale.
Regional Variations and Market Outlook
Market conditions have stabilized in recent months, with the time required to sell single-family home inventory remaining below historical averages, maintaining a clear advantage for sellers in this segment. The condominium market shows signs of rebalancing on the Island of Montreal while remaining favorable to sellers in other large geographic sectors.
Brant added important nuance to the overall picture: "By contrast, on the North and South Shores, the single-family home market remains tight, which continues to limit transactional activity despite sustained demand. The plex segment, particularly on the South Shore, is maintaining solid momentum."
The increase in condominium supply is being helped by a rise in the cumulative inventory of unsold new condominiums between 2024 and 2025. This expanded inventory is providing buyers with more choices as the active spring real estate season approaches, potentially creating more balanced market conditions in the coming months.
