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:Residential Sales – August 2026 GNWL’ÎLE-DES-SŒURS, Quebec, Sept. 04, 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 August 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 August, 2,853 residential sales were completed, down 13 per cent from a year earlier. On a seasonally adjusted basis, sales declined by 2 per cent compared to July 2026. The slowdown was evident across all major geographic areas and property categories.The supply of properties for sale continued to grow across the metropolitan area. With 20,128 active listings, inventory was up 18 per cent from the previous year. After rising rapidly on the Island of Montreal over the past year, growth in the number of properties for sale is now more pronounced on both the South Shore (+28 per cent) and the North Shore (+26 per cent).The increase in listings remains widespread across property categories: +19 per cent for condominiums, +17 per cent for single-family homes and +15 per cent for plexes.Even as the supply of available properties increases, the single-family home market continues to favour sellers in most areas of the CMA. The condominium segment is further along in its adjustment, particularly on the Island of Montreal, where market conditions are generally sitting on the threshold between a balanced market and a buyers’ market.Despite more abundant supply and slower sales, median prices continued to post moderate increases. Over the past year, the median price rose by 3 per cent for single-family homes, 4 per cent for condominiums and 2 per cent for plexes.As buyers have more options, selling times remain on an upward trend. Single-family homes sold in an average of 42 days (+1 day), while condominiums sold in 62 days (+12 days). Plexes were the exception, with the average selling time down by 4 days to 52 days.“With a decline in activity and growing supply across the metropolitan area, August’s results confirm that the Montreal residential market continues to rebalance. While the first signs of easing were mainly visible in the central areas of the Island of Montreal, more significant increases in new listings are now being observed in the outlying areas. Despite an increase in the number of properties available to buyers, the majority of residential markets in the metropolitan area continue to favour sellers. Condominiums on the Island of Montreal remain the segment where the rebalancing process is most advanced,” explains Camille Laberge, QPAREB Assistant Director and Senior Economist.The trend is especially evident in certain central markets. “Downtown and the Sud-Ouest borough stand apart from the rest of the metropolitan area. These areas are now posting the highest levels of listings ever recorded in the system, while condominium prices have been stagnant in recent quarters. The data suggests that smaller units are generally more difficult to sell, which is consistent with a market where buyers now have a broad range of choices,” she adds.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.“Beyond changes in supply and demand, several economic factors also continue to weigh on household purchasing decisions. The real estate market has entered a phase in which buyers have regained some negotiating power but also have more reasons to hesitate. Geopolitical tensions, economic uncertainty and ongoing concerns about high property prices are contributing to slower decision-making among some households, which are opting for more cautious strategies. This approach, combined with less intense demographic pressure than in recent years, is helping to moderate residential activity in the metropolitan area,” notes Hélène Bégin, QPAREB Senior Economist.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.Image bank (credit QPAREB) available free of charge.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.