By [Your September 5, 2025
Montreal, QC – Montreal’s housing market delivered its most robust August performance since 2021, with residential sales surging 12% year-over-year to 3,330 properties sold in the Montreal Census Metropolitan Area (CMA), according to the Quebec Professional Association of Real Estate Brokers (QPAREB). The data, released today, September 5, 2025, marks the 20th consecutive month of annual sales increases, driven by lower interest rates and extended mortgage amortization periods, though first-time homebuyers continue to face challenges from rising prices.
The plex market led the charge, with sales soaring 23% to 365 transactions, while single-family home sales rose 13% to 1,680, and condominiums saw a 9% increase to 1,279 units. Despite the sales boom, active listings grew modestly by 4% to 17,515, with condominiums accounting for much of the increase, up 12% year-over-year. Market conditions remain firmly in favor of sellers, with a sales-to-new-listings ratio indicating a tight market.
Median prices continued their upward climb, with single-family homes up 7% to $633,250, condominiums rising 4% to $422,000, and plexes jumping 10% to $840,250. Geographically, the Island of Montreal and Vaudreuil-Soulanges posted the strongest price growth for single-family homes at 10% each, followed by the North Shore at 8% and Saint-Jean-sur-Richelieu at 7%. Over the first eight months of 2025, median prices for single-family homes, plexes, and condominiums have risen 9%, 8%, and 6%, respectively.
“Montreal’s market is exceptionally dynamic, fueled by lower interest rates and the option to extend amortizations to 30 years under certain conditions,” said Charles Brant, QPAREB’s Market Analysis Director. “However, first-time buyers are not the primary beneficiaries, as price increases outpace affordability for many.” Brant noted that repeat buyers leveraging existing real estate equity are driving demand, particularly in central and affluent peripheral neighborhoods.
The broader Quebec market also showed strength, with province-wide sales up 10% to 7,109 transactions, the highest for August since 2020. Single-family homes led with an 11% sales increase to 4,659, while plexes surged 23%, and condominiums rose 3%. Median prices across Quebec climbed 10% for single-family homes to $490,000, 7% for condominiums to $399,900, and 11% for plexes to $649,000.
Despite economic headwinds, including a national GDP contraction in Q2 2025, Montreal’s market has defied slowdowns seen in other major Canadian cities like Toronto and Vancouver, where prices have declined, and inventory is higher. Analysts attribute Montreal’s resilience to tight supply and sustained demand, though some warn that affordability challenges could temper future growth.
As the Bank of Canada’s next rate decision looms on September 17, 2025, further cuts could bolster demand, but rising prices may continue to sideline first-time buyers. For now, Montreal’s housing market remains a standout, with no signs of a summer slowdown.
Sources: Canadian Mortgage Trends, GlobeNewswire, QPAREB, WOWA.ca