Montreal-area home sales fell 10% in July as market cools across all property types
Median condo prices rose 1.5% to $431,500, but sales volume dropped sharply as supply rebounded and demand softened.
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Montreal-area home sales dropped 10 per cent in July compared to the same month last year, with the Quebec Professional Association of Real Estate Brokers reporting 3,338 residential properties sold across the region—down from 3,709 in July 2025.
All property categories recorded declines. The median price of a single-family home rose 4 per cent year-over-year to $650,000, while condos increased 1.5 per cent to $431,500. Plexes saw the largest gain at 6.1 per cent, reaching $865,000.
New listings jumped 4.1 per cent to 5,260 units, and total inventory climbed 16.6 per cent to 19,790 units for sale. The board's senior economist Hélène Bégin attributed the slowdown to a fragile economic environment and demographic shifts, including stricter immigration rules that are contributing to a decline in the region's population. "This broad-based slowdown is unfolding in a fragile economic environment and alongside a demographic shift," she said.
Despite rising supply and cooling demand, sellers of single-family homes and plexes still hold what the board called "a clear advantage" in negotiations. The broader trend marks a continuation of the slowdown HOC reported in June, when sales had declined nearly 7 per cent in May.
What timeline does the board expect before the market stabilizes?
How many buyers are being priced out by the current inventory shift?
We'll update this story as answers emerge.
The facts
How many homes sold in the Montreal area in July 2026?
The Quebec Professional Association of Real Estate Brokers reported 3,338 residential properties sold across the Montreal region in July 2026.
What was the median condo price in Montreal in July 2026?
The median condo price in Montreal reached $431,500 in July 2026, up 1.5 per cent from July 2025.
Why did the Montreal housing market slow down in July 2026?
According to Hélène Bégin, the board's senior economist, the slowdown resulted from a fragile economic environment and demographic shifts, including stricter immigration rules that are contributing to a decline in the region's population.
How much did housing inventory increase in Montreal in July 2026?
Total inventory in the Montreal area climbed 16.6 per cent to 19,790 units for sale in July 2026.
