Montreal’s condo market is shifting. After years of bidding wars, buyers now face more supply and flat prices — but the question is whether this is the right moment to act.
Montreal’s condo market has historically appreciated slower than Toronto or Vancouver, but with a lower entry price and stronger rental demand.
The current oversupply suggests limited short-term appreciation. Over a 5–10 year horizon, demographic growth and limited new construction could support price growth.
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.
Is it a good time to buy a condo in Montreal?
Interest rate environment
The Bank of Canada has been cutting rates through early 2026, with analysts expecting further reductions. Lower rates improve affordability and could draw sidelined buyers back into the market.
Fixed mortgage rates have already declined, making now a relatively favorable borrowing moment compared to 2023–2023–2024 peaks.
Seller’s market vs. buyer’s market indicators
With listings above historical averages and sales declining, Montreal’s condo market leans toward balanced/buyer’s territory.
Properties are taking longer to sell, and sellers are more willing to negotiate on price, closing costs, or inclusion of appliances.
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.
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.
Kevin Sullivan covers culture, lifestyle and society across Canada for Canada Scope.
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