The Montreal Census Metropolitan Area (CMA) recoded 3,731 residential in July, a 10% year-over-year hike and the highest level of transactional activity since the 2021 peak during the pandemic.
According to the Quebec Professional Association of Real Estate Brokers (QPAREB), this market enjoyed 5,148 new listings last month, up 9% from the 4,715 new listings in July 2024. Active listings totaled 17,395, up 2% from the 17,061 recorded one year earlier.
The $625,000 median price for single-family houses from last month is a 7% uptick from the $585,000 price from July 2024. Montreal-area condos carried a $485,000 median price, a 3% rise from the $411,000 price one year earlier.
“When compared to the same month last year, price increases appear to be easing in the Montreal CMA,” said Hélène Bégin, senior economist for the Quebec economy and real estate market in the QPAREB Market Analysis Department. “The 7% growth in the single-family home median price in July shows a shift away from the 10% observed in early 2025.”
