10/16/2026
Montreal’s housing market is slowing, but prices are holding steady. And the broader multifamily market offers another perspective for investors.
Comparing September 2026 with September 2025, home sales declined 7.7% across Canada and 12% in Greater Montreal.
Locally, median prices remained resilient:
• Single-family homes: $635,000, approximately unchanged.
• Condominiums: $430,000, unchanged.
• Plexes with 2–5 units: $861,000, up 3%.
With 20% more active listings in Greater Montreal, buyers have more choice and time to make considered decisions. Sellers continue to benefit from broadly stable prices, with accurate pricing and strong presentation increasingly important.
Beyond smaller plexes, investment activity has also been substantial. CBRE reports $2.78 billion in Greater Montreal multifamily transactions during the first half of 2026, up 30.5% compared with the first half of 2025. The number of transactions increased 16.1%, to 763.
Those figures cover multifamily sales of $1 million or more, rather than a category restricted to buildings above five units. They also cover six months, separately from September’s residential results.
Together, these reports show why the national headline tells only part of the local story. A calmer residential market can coexist with resilient prices and active investment.
For investors considering their next acquisition, more time to assess rents, expenses and financing is welcome. If an income property has caught your attention, I’m always happy to talk through the numbers.
Sources: Reuters/CREA and APCIQ/Centris, September 2026; CBRE, Montreal Multifamily Figures, first half of 2026.
By Promit Mukherjee OTTAWA, Oct 16 (Reuters) - Canadian home sales extended their decline in September, after a drop in August, as higher mortgage rates and expectations of a Bank of Canada rate hike