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Introduction

The Greater Montreal residential market is demonstrating remarkable resilience. Despite the current geopolitical context and resulting economic uncertainties, the first-quarter statistics show a strong recovery in the residential resale market.

The demand from buyers remains robust, and the limited inventory of properties on the market is maintaining upward pressure on prices, creating favorable conditions for sellers.

The Real Estate Market Trends for
the Montreal Metropolitan Area – Q1 2025

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Montreal CMA Residential Real Estate Market Review

Residential Barometer, First Quarter 2025 - Montreal Metropolitan Area

According to QPAREB data for the first quarter of 2025:

  • Increase in total residential sales: +15% compared to the first quarter of 2024
    • Single-family homes: +11%
    • Condominiums (condos): +17%
    • Plexes (2 to 5 units): +27%
  • Median prices:
    • Single-family homes: $600,500 (+8%)
    • Condos: $420,000 (+6%)
    • Plexes: $800,000 (+7%)
  • Average selling time: down 2 to 4%, depending on the property type
  • Active listings: down 3%

These trends indicate a tight market dominated by sellers in several segments.

Focus by Territory

Island of Montreal

  • Sales growth: +16%
  • Median prices:
    • Single-family homes: $765,000 (+3%)
    • Condos: $477,000 (+5%)
    • Plex: $860,000 (+10%)

Some areas, such as Ville-Marie (+39% sales), are experiencing exceptional momentum. Supply remains insufficient to meet demand, often resulting in rapid sales, sometimes above the asking price.

Montreal's South Shore

  • Sales growth: +7%
  • Median prices:
    • Single-family homes: $606,500 (+8%)
    • Condos: $395,011 (+5%)
    • Plex: $709,500 (+4%)

Areas such as Candiac/La Prairie and Saint-Bruno show sustained price increases. The market remains very active, particularly for single-family homes.

Montreal's North Shore

  • Sales growth: +18%
  • Median prices:
    • Single-family homes: $553,950 (+11%)
    • Condos: $365,500 (+9%)
    • Plex: $685,000 (+5%)

Mirabel, Boisbriand, Sainte-Thérèse, and Duvernay are among the most dynamic areas. Value for money continues to attract buyers to these peri-urban markets.

What does this mean?

For Buyers

  • Challenges: The limited number of new listings drives up prices and limits choice. Competition for more affordable properties is leading to bidding wars.
  • Opportunities: Favorable interest rates and government measures adopted late last year are making the real estate market more accessible to first-time buyers.

For Sellers

  • Benefits: Steady demand allows homes to sell quickly, sometimes with multiple offers.
  • Tips: Effective marketing and a competitive pricing strategy maximize the chances of success.

For Investors

  • Opportunities: Demographic changes drive strong demand in the rental market, making multiplexes very attractive to investors. Rising rents are supporting profitability.

For Owners

  • Benefits: Rising property values ​​increase your equity. If you’re considering refinancing your property, for example, to renovate it, now is the time.

Conclusion

In conclusion, the real estate market in the Montreal CMA, which includes the Island of Montreal, the South Shore, and the North Shore, is on a steady path of recovery in the first quarter of 2025. The increase in sales, combined with moderate price increases and still limited inventory, confirms that buyer demand is present and more pronounced in the most affordable segments.

This trend instills confidence in the market’s future. Whether you are a first-time buyer, a seller looking to maximize your equity, an experienced investor, or simply a homeowner looking to refinance your property, the time is now.

Conclusion

In conclusion, the real estate market in the Montreal CMA, which includes the Island of Montreal, the South Shore, and the North Shore, is on a steady path of recovery in the first quarter of 2025. The increase in sales, combined with moderate price increases and still limited inventory, confirms that buyer demand is present and more pronounced in the most affordable segments.

This trend instills confidence in the market’s future. Whether you are a first-time buyer, a seller looking to maximize your equity, an experienced investor, or simply a homeowner looking to refinance your property, the time is now.

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