Montreal Condo Market in 2026: Has the Buyers’ Time Arrived?
Friends, the Quebec Professional Association of Real Estate Brokers (APCIQ) has published a fresh report. It is based on the results of February 2026. In short: a serious shift has emerged in the apartment (condo) segment. First and foremost, the market is finally turning to face the buyer. This change provides more opportunities for choice and negotiation. Below, we break down point by point what is currently happening with prices and inventory.
What about inventory?
The main news is that there is significantly more housing on the market. In Montreal and its immediate suburbs, the number of condos listed for sale has grown to 9,210 units. Consequently, this is 20% more than last year.
Apartments (condos): here the choice has grown most noticeably. There are currently more options than the average over the last 10 years.
Single-family homes and multi-unit houses (plexes): However, here the situation is more stable. The choice increased by only 5-6%, so the deficit in this sector is still felt.
What does this mean for you? The period when dozens of people fought for every apartment is becoming a thing of the past. Therefore, the choice is now yours.
Prices: today's situation.
Despite the increase in choice, prices are not standing still. Nevertheless, their growth has become calmer and more predictable. Average prices in the Montreal region:
Single-family home: $639,000 (+7% per year).
Apartment (condo): $430,000 (+2% per year).
Plexes (investment property): $850,000 (+8% per year).
As you can see, price growth is minimal specifically in the condo segment. Undoubtedly, this makes them the most affordable option for purchase right now.
Where to look for the best deals?
In Montreal itself, the situation varies. In the city center (Downtown), experts have already officially confirmed that a buyers' market has arrived.
Where inventory is highest: A large selection of apartments is currently available in the districts of Griffintown, Île-des-Sœurs, and Côte-des-Neiges. Moreover, many options have also accumulated in the suburbs (Brossard, La Prairie, Saint-Lambert, Candiac).
Where there is still a deficit: The Plateau-Mont-Royal and Villeray areas remain exceptions. Unfortunately, there is still a shortage of apartments there
Summary and forecasts: The Montreal real estate market in 2026 is gradually returning to a healthy balance. This is especially true for condos.
Advice for buyers: now is an excellent time to enter the market. The selection is at its peak, and pressure from competitors is minimal. There is time to find that "exact" property.
Advice for sellers: competition among apartments has increased. To sell quickly and profitably, you need to be very professional about pricing and property preparation.
If you plan to buy or sell real estate, contact me. I will help you understand current trends, find the best property, and ensure the full legal security of your transaction according to Quebec laws.
Denis Kornienko. Your real estate expert in Montreal. Helping families build a secure future in Canada.