Buyers expecting a big discount aren’t seeing it yet — the median has flatlined, not fallen, not fallen, which means the “deal” is more about selection and negotiating power than bargains.
What this means: A condo in Montreal is likely a reasonable long-term hold, but not a quick-flip opportunity. Buyers should plan to stay at least 5 years to ride out the market cycle.
The catch: timing a market bottom is nearly impossible. If you plan to stay for several years and can secure a favorable mortgage rate, the current conditions — more choice, less competition — offer a rare advantage.
Upsides
- Inventory is at its highest in years — more selection
- Sellers are motivated; negotiation leverage is strong
Interest rates are declining, improving monthly affordability
- Entry prices are flat, avoiding the risk of buying at a peak
Downsides
- Prices may still soften further if oversupply worsens
- Condo fees and property taxes can eat into returns
- Future new supply could be delayed, but current stock could take years to absorb
- Rental income may not cover all carrying costs in some units
Timeline signal
- 2019–2023: Montreal condo prices surge ~40%, seller’s market
- 2025: Presale transactions report a 40% drop; developers pause new projects (YouTube analysis)
- February 2026: Condo listings hit 9,210 — 20 higher than a year earlier, above the 10-year average (CityNews)
- April 2026: Median price stalls at $425,000, flat for six months (WOWA)
- 2026 outlook: Rate cuts expected to stimulate demand; supply overhang take 6–12 months to clear
Clarity check
Confirmed facts
- Condo median price $425,000, flat YoY (WOWA)
- Condo listings up 20% in Feb 2026 (CityNews)
- Condo sales down 7% (APCIQ)
- Total residential sales 3,930, down 3% (APCIQ)
What’s unclear
- Presale transactions reportedly fell 40% in 2025 (YouTube analysis)
- New condo groundbreakings described as “essentially zero” (YouTube analysis)
- Whether price stagnation will turn into a decline
- How quickly rate cuts will bring buyers back
“The median price of a condo in Montreal remained unchanged at $425,000 in April 2026, showing that the market has stabilized rather than crashed.”
WOWA Real Estate Platform, Montreal Housing Market Report
“The segment a notable rise in available properties buyers more negotiating power and more time to make a decision.”
APCIQ (Association of Professional Appraisers of Quebec), May 2026 Market Report
For anyone considering a condo in Montreal, the current landscape is a rare moment of balance. Supply is not climbing, and financing conditions are improving. But the window may not last — as rate cuts reignite buyer demand and developers hold back on new projects, the leverage today’s buyers enjoy could narrow. The choice is clear: act with patience and research, or risk waiting for a clearer signal that may never come.
Additional sources
eliterealestategroup.com, youtube.com
Frequently asked questions
How much does a condo in Montreal cost?
The median price is $425,000 as of April 2026, flat year-over-year. Prices vary widely by neighbourhood.
Did condo prices drop in Montreal recently?
They have not dropped meaningfully — they flattened. The median is unchanged from a year ago.
Are condos in Montreal a good investment?
They can be for long-term holders. Short-term appreciation is unlikely given current oversupply, but supports
Is it a good time to buy a condo in Montreal now?
If you plan to stay at least 5 years, the current supply and interest rate environment favor buyers. It’s a balanced market with negotiation room.
What income do I need to buy a condo in Montreal?
Based on a $425,000 price with 20% down and a 4.5% rate, a household income around $90,000–$100,000 is generally required for lender approval.
How many condos are for sale in Montreal?
In the Montreal CMA, there were 9,210 active condo listings in February 2026, up 20% from a year earlier.
Are presale condos a good deal?
Presale transactions reportedly dropped 40% in 2025, and many projects have been paused. Buyers should compare resale and presale carefully, as developer incentives may be available.
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About the author
Caleb Lucas Murphy Anderson
Coverage is updated through the day with transparent source checks.
