Montreal area: Gradual sales decline continues, price pressure eases in May
Residential sales in the Montreal metropolitan area declined by 7% in May 2026 compared to the previous year, as the supply of homes increased, according to the Quebec Professional Association of Real Estate Brokers (APCIQ).
The Montreal metropolitan area saw a 7% decrease in residential sales in May 2026, with 4,623 transactions recorded, according to data from the Quebec Professional Association of Real Estate Brokers (APCIQ). This marks a continuation of a gradual decline, with overall activity remaining near its ten-year average.
All property types experienced fewer sales. Single-family home sales fell by 6%, small multi-unit buildings (plexes) by 5%, and condominiums by 8%. Concurrently, the available housing supply rose by 14% year-over-year to 21,073 listings, slightly exceeding the ten-year average. The supply of condominiums saw the largest increase at 19%.
The combination of increased supply and reduced sales is leading to a market cooling. While sellers generally retain an advantage, the condominium market in some central areas is becoming more balanced, and the downtown Montreal market is now favoring buyers.
Price appreciation has slowed. The median price for single-family homes increased by 3%, plexes by 6%, and condominiums by a marginal 1%. The average time to sell a condominium increased by seven days to 47 days, reflecting the shifting market dynamics.