Montreal CMA: Adjustment Period Continues, Condominium Market in Balance

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Postmedia has not reviewed the content. by GlobeNewswire Montreal CMA: Adjustment Period Continues, Condominium Market in BalanceAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Residential Sales – July 2026 GNWL’ÎLE-DES-SŒURS, Quebec, Aug. 06, 2026 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of July 2026. The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againIn July, 3,338 residential sales were completed through the Centris system, marking the fifth consecutive monthly decline and the steepest drop since February 2026.Last month’s slowdown extended across the entire market. All property categories and all large geographic sectors of the CMA recorded a decrease in sales compared with July 2025.The supply of properties for sale continued the rebound that began in summer 2025. With 19,790 active listings, inventory rose by 17 per cent from the previous year and is now 9 per cent above its historical average for July.Condominiums posted the strongest increase in supply (+20 per cent), ahead of plexes (+14 per cent) and single-family homes (+13 per cent).Rising supply and slowing demand are reinforcing the market easing observed over the past several months. Even so, sellers of single-family homes and plexes continue to hold a clear advantage in negotiations.The condominium market on the Island of Montreal stands apart, with balanced conditions that have persisted for several months. Most areas of the island still face limited inventory, although Ville-Marie and Centre remain in surplus.Despite this rebalancing, prices continued to rise. The median price of single-family homes increased by 4 per cent from the previous year, plexes by 6 per cent and condominiums by 2 per cent.In this less buoyant market, selling times lengthened for most properties. Single-family homes sold in an average of 38 days (+3 days) and condominiums in 55 days (+9 days). Plexes were the exception, with the average selling time down by 8 days to 46 days.July’s results continued the trend observed in previous months. The Montreal CMA residential market remains in an adjustment phase, with conditions easing more quickly in the condominium segment. Sales in this category are declining more sharply than for single-family homes, while the number of properties available for sale continues to rise.“Condominium inventory initially rose rapidly in the central neighbourhoods of the Island of Montreal, where it has now reached levels well above those seen in recent years. This growth, however, is beginning to moderate in these areas. Supply is now increasing more quickly in the island’s less central neighbourhoods, as well as on the South Shore, in Laval and on the North Shore,” states Camille Laberge, Assistant Director of the QPAREB Market Analysis Department.“Although the existing condominium market is adjusting more quickly, single-family homes and plexes are also seeing lower sales and higher supply. This broad-based slowdown in Greater Montreal’s residential real estate market is unfolding in a fragile economic environment and alongside a demographic shift. Stricter immigration rules are now contributing to a decline in the population of the Montreal CMA, which inevitably tempers demand across housing types,” explains Hélène Bégin, QPAREB Senior Economist.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Growth in Condominium Supply by CMA Area – July 2026AreaSectorActive ListingsAnnual VariationSouth WestSouth Shore75168%Sainte-Julie/VarennesSouth Shore88138%Beloeil/Mont-Saint-HilaireSouth Shore104100%RepentignyNorth Shore of Montreal12694%Montreal-NordIsland of Montreal5493%Saint-JérômeNorth Shore of Montreal10788%North Shore (West)North Shore of Montreal8778%Candiac/La PrairieSouth Shore of Montreal14672%BlainvilleNorth Shore of Montreal8165%Saint-HubertSouth Shore of Montreal13460%Eastern Tip of the IslandIsland of Montreal13953%MascoucheNorth Shore of Montreal8648%AhuntsicIsland of Montreal21148%Mercier/Hochelaga-MaisonneuveIsland of Montreal29848%RosemontIsland of Montreal23545%Sainte-Rose/Auteuil/VimontLaval5845%West Island SouthIsland of Montreal18339%Vieux-LongueuilSouth Shore of Montreal24538%Lachine/LaSalleIsland of Montreal31932%NDG/Montreal-OuestIsland of Montreal15731%Le Plateau-Mont-RoyalIsland of Montreal34830%Anjou/Saint-LéonardIsland of Montreal13729%CDN/CSLIsland of Montreal33928%TerrebonneNorth Shore of Montreal11326%Saint-LaurentIsland of Montreal35422%ChamblySouth Shore of Montreal5818%West Island NorthIsland of Montreal18718%South WestIsland of Montreal84217%Brossard/Saint-LambertSouth Shore of Montreal51112%MirabelNorth Shore of Montreal8010%Boisbriand/Sainte-ThérèseNorth Shore of Montreal729%VillerayIsland of Montreal1168%CentreIsland of Montreal2866%Downtown LavalLaval4035%Nuns’ IslandIsland of Montreal2924%Ville-MarieIsland of Montreal2,3032%Vaudreuil-DorionVaudreuil-Soulanges1061%L’Île-PerrotVaudreuil-Soulanges620% If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please write to us.About the Quebec Professional Association of Real Estate BrokersThe Quebec Professional Association of Real Estate Brokers (QPAREB) is a non-profit association that brings together more than 15,000 real estate brokers and agencies. It is responsible for promoting and defending their interests while taking into account the issues facing the profession and the various professional and regional realities of its members. The QPAREB is also an important player in many real estate dossiers, including the implementation of measures that promote homeownership. The Association reports on Quebec’s residential real estate market statistics, provides training, tools and services relating to real estate, and facilitates the collection, dissemination and exchange of information. The QPAREB has its head office in Quebec City, administrative offices in Montreal and a regional office in Saguenay. It has two subsidiaries: Société Centris inc. and the Collège de l’immobilier du Québec. Follow its activities at qpareb.ca or via its social media pages: Facebook, LinkedIn, and Instagram.Banque d’images (crédit APCIQ) disponible et sans frais.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.