Key Takeaways
- The third quarter of 2025 confirms sustained growth and strength in Greater Montreal.
- Sustained Price Increase: Prices continue to rise (+7% for single-family homes, +8% for multi-unit buildings).
- Multi-unit buildings saw record sales with a 29% increase and a reduction in selling times (-21 days), a clear sign of the market’s stability and strong buyer interest in income properties.
- The imbalance between supply and demand persists. Inventory is extremely low, and single-family homes are selling in an average of 39 days (12 days fewer than at the same time last year).
- Opportunities for Buyers:
-
- The Island of Montreal naturally has the highest average price. However, condo buyers can still find opportunities in specific areas, such as Griffintown and Ville-Marie, where the supply is more balanced, particularly for luxury condos.
- Professional preparation, such as securing pre-approval for a mortgage and engaging a real estate agent, and an openness to less central neighborhoods, which often offer more affordable housing options, are essential for buyers in the current market.
- Single-family homes under $700,000 are still available in some areas of Montreal’s South Shore.
Introduction
The Montreal and Quebec real estate market continues to demonstrate remarkable resilience compared to the rest of Canada. No signs of a slowdown are in sight, reminiscent of the pre-pandemic context.
Demand remains strong, prices are rising steadily, and bidding wars are commonplace throughout the province.
The Greater Montreal market (the Montreal CMA includes the South Shore and the North Shore) is following the same trend. Indeed, the latest statistics from the Quebec Professional Association of Real Estate Brokers report a record-breaking September, with homes selling 23% faster than during the same period last year, and at higher prices.
This strength can be attributed to several factors: the gradual decline in mortgage rates over the past few months has led to a return of buyer confidence and an increase in demand. However, the imbalance between supply and demand persists, with supply remaining insufficient.
Key trends in the Greater Montreal Area (GMA)
| Region | Total Residential Sales | Median Price – Single-Family Homes | Median Price – Condominiums | Median Price – Plex | Active Listings |
|---|---|---|---|---|---|
| Island of Montreal | +9% | $795,000 (+6%) | $475,000 (+3%) | $868,000 (+5%) | 9,550 (+9%) |
| South Shore | +9% | $638,000 (+9%) | $404,397 (+7%) | $777,500 (+17%) | 3,002 (–1%) |
| North Shore | +12% | $575,000 (+8%) | .$375,000 (+9%) | $722,500 (+13%) | 2,553 (–8%) |
Note: All changes are calculated relative to the same period of the previous year.
Source: Quebec Professional Association of Real Estate Brokers, via the Centris system
In the third quarter of 2025, 10,566 residential sales were recorded in the Greater Montreal Area (GMA), an 11% increase compared to the same period in 2024. Multiplexes saw the strongest growth (29%), followed by single-family homes (12%) and condominiums (5%).
The median price of single-family homes reached $630,000 (+7%), that of plexes, $830,000 (+8%), and that of condominiums, $425,000 (+4%).
Properties are moving at a rapid pace, with houses selling in 39 days (down 12 days), condominiums in 48 days (down 8 days), and plexes in 53 days (down 21 days).
Data analysis clearly shows that plexes have experienced the strongest sales growth, the most significant price increases, and a significantly shorter selling time. Buyers see plexes as a way to offset rising real estate prices and borrowing costs.
The inventory of homes for sale remains very low; properties continue to sell very quickly. Buyers must decide very soon whether they wish to make an offer.
This market dynamic is clearly in favor of sellers, presenting a promising opportunity for profit and success.
Analysis by region
Island of Montreal:
Key Figures
- Residential Sales: +9% (3,929 residential real estate transactions in Q3 2025)
- Average Price of Single-Family Homes: $999,709 (+4%)
- New Listings: +19% (7,991 properties)
- Average Time to List: 48days (-11 days compared to 2024)
For Buyers: While the market is clearly seller-friendly, opportunities remain:
For luxury condos, supply and demand are more balanced, particularly in areas like Griffintown, Ville-Marie, and downtown. Opportunities remain in these areas.
For Sellers: While the real estate market is generally seller-friendly (favoring the seller due to high demand and low supply), some areas, such as Ahuntsic-Cartierville, show a significant imbalance.
The most substantial price increase was observed in Ahuntsic-Cartierville, where single-family homes rose by more than 23%. Consequently, well-located and attractive homes, especially those valued at less than $1 million, often sell for the same asking price or higher.
South Shore of Montreal
Key Figures- Residential Sales: +9% (2,392 transactions)
- Average Price of Single-Family Homes: $733,920 (+11%)
- Active Listings: 3,002 (-1%)
- Average Time to Sell: 36 days (-14 days compared to 2024)
North Shore of Montreal
Key Figures
- Residential Sales: +12% (2,413 transactions)
- Average Price of Single-Family Homes: $632,868 (+10%)
- Active Listings: 2,553 (-8%)
- Average Time to List: 32 days (-13 days compared to 2024)
The North Shore stands out as the most dynamic region this quarter.
Buyers: Plexes in Saint-Jérôme have remained, on average, at the same price as last year at this time.
Sellers: Some areas, such as Blainville, are seeing average price increases of 22% for single-family homes. Single-family homes continue to sell very quickly.
Royal LePage's outlook for the end of 2025
| Region | Aggregate Price Q4 2024 | Forecast Q4 2025 | Projected Change |
|---|---|---|---|
| Province of Quebec | $588,400 | $635,472 | +8% |
| Greater Montreal | $613,300 | $653,165 | +6.5% |
| Sherbrooke | $374,300 | $409,859 | +9.5% |
Source: Royal LePage – Q3 2025 Forecast
The Quebec market stands out for its exceptional strength in Quebec City, Montreal, Sherbrooke, and Trois-Rivières.
Prices are expected to continue rising until the end of the year, driven by inventory shortages and consumer confidence, which underlines the stability of the Quebec market.
Conclusion
The third quarter of 2025 confirms the resilience of the Montreal real estate market; no signs of a slowdown are in sight. This resilience should instill confidence in potential buyers, sellers, and investors.
The Quebec real estate market has continued to defy the national trend, despite economic uncertainty and trade tensions south of the border. The Greater Montreal market remains stable and generally favourable to sellers, but well-informed buyers can still find opportunities if they stay open to less central neighbourhoods.
For buyers, the importance of preparation and the need for professional guidance cannot be overstated. Similarly, for sellers, effective marketing and a realistic pricing strategy, guided by professionals, remain essential.
For sellers, effective marketing and a realistic pricing strategy remain essential;
For investors, the plex and rental condominium segment remains a promising avenue, offering ample opportunities for growth and profit.
Looking for a personalized neighborhood analysis or a property appraisal?
Contact me today to discuss your real estate project and the best strategies based on current trends.
