September 5, 2025•
10:10 AM•
Real Estate
Views: 65
Residential sales in the Montreal Census Metropolitan Area (CMA) rose 12% year-over-year, with 3,330 properties changing hands. It marked the 20th consecutive month of annual increases and the busiest August since 2021, according to the Quebec Professional Association of Real Estate Brokers (QPAREB).
“The market continues to be driven by a number of factors that have consistently stimulated demand since the end of last year,” said Charles Brant, QPAREB’s Market Analysis Director. “These include lower interest rates and the possibility of extending the amortization period to 30 years under certain conditions. However, let’s be clear: first-time homebuyers are not necessarily benefiting from this, as price increases have ranged between 6% and 9% since the beginning of the year.”
Strong activity across property types
The plex segment saw the sharpest gains, with sales climbing 23% year-over-year to 365 transactions. Single-family homes also remained in demand, with 1,680 sales in August, up 13%. Condo activity followed closely, with sales rising 9% to 1,279 units.
Supply increased only modestly, with active listings in the CMA up 4% compared to last year at 17,515. Much of that growth came from the condo market, where listings surged 12%. Market conditions overall remain tilted in favour of sellers.
Prices also continued to trend higher, with the median price of a single-family home rising 7% to $633,250, while condos posted a 4% gain to $422,000. Plexes saw the largest increase, with their median price jumping 10% to $840,250.
Geographically, the Island of Montreal and Vaudreuil-Soulanges led price growth for single-family homes, each up 10%. Prices climbed 8% on the North Shore and 7% in Saint-Jean-sur-Richelieu.
Province-wide momentum
Across Quebec as a whole, sales rose 10% in August, with 7,109 transactions—the most for that month since 2020. Active listings were essentially flat year-over-year, though new listings were up 15%.
Sales gains were spread across property types, with plexes once again leading at 23%. Single-family home sales rose 11% to 4,659, while condos edged up 3%.
The median provincial price for single-family homes climbed 10% year-over-year to $490,000. Condos rose 7% to $399,900, while plexes jumped 11% to $649,000.
Buyers with equity in the driver’s seat
Brant noted that repeat buyers leveraging existing real estate assets remain the most active. “Montreal’s central neighbourhoods, which are the most expensive, continue to post the strongest growth in sales, as do other affluent neighbourhoods in more peripheral areas,” he said.
This strength comes despite signs of the economy losing steam. National GDP contracted in the second quarter, and Quebec’s real GDP has been on a downward trend since April. “For now, however, this dynamic is defying the uncertainties weighing on the economic outlook,” Brant said.
Visited 65 times, 65 visit(s) today
Charles Brant Montreal montreal home sales montreal house prices montreal housing market QPAREB Quebec quebec housing market Quebec Professional Association of Real Estate Brokers
Last modified: September 5, 2025