Montreal’s housing market started 2025 with strong momentum. Home sales surged 36% year-over-year while prices continued to climb across all property types. With the Bank of Canada cutting its policy rate from 5.00% to 2.75% over the course of 2024 and into early 2025, buyer activity has returned to the market.
This report breaks down the latest Montreal real estate data by property type, area, and historical trends to help buyers and investors make informed decisions.
Montreal January 2025 housing market overview
- Montreal home sales totalled 2,812 for a 36% year-over-year increase
- There are 15,723 active listings which is a -4% year-over-year decrease
- 6,220 new listings for a year-over-year increase of 18%
- Sales volume of $1,743,086,318 for a 48% year-over-year increase
The combination of rising sales and shrinking inventory indicates a market that is shifting toward seller’s conditions. As listings decline and demand increases, prices are likely to continue rising through 2025 — particularly if the Bank of Canada delivers additional rate cuts.
Here is a breakdown of how the price of the main property types in Montreal changed year-over-year:
| Home Type | Median Price | Y/Y Variation |
|---|---|---|
| Single-Family | $590,700 | +11% |
| Condo | $420,000 | +8% |
| Plex (2-5 units) | $780,000 | +8% |
Montreal single-family homes
The overall price of a single-family home across all areas of Montreal is $590,700 which represents an 11% year-over-year increase from the median price of $534,000 in January 2024.
Here is a breakdown of the median single-family home price in Montreal by area for January 2025:
| Area | Median Price |
|---|---|
| Montreal CMA | $590,700 |
| Island of Montreal | $791,500 |
| Laval | $590,000 |
| North Shore of Montreal | $539,450 |
| South Shore of Montreal | $599,000 |
| Vaudreuil-Soulanges | $577,500 |
| Saint-Jean-sur-Richelieu | $512,000 |
The Island of Montreal commands the highest prices at $791,500, driven by proximity to downtown, transit, and employment. The North Shore and Saint-Jean-sur-Richelieu offer more affordable options for families willing to commute.
What does a $590,700 mortgage look like?
At current mortgage rates, here is what monthly payments would look like on a $590,700 home with varying down payments. Use the mortgage payment calculator for your specific scenario.
| Down Payment | Mortgage Amount | Monthly Payment (4.5%, 25yr) |
|---|---|---|
| 5% ($29,535) | $561,165 + insurance | ~$3,420 |
| 10% ($59,070) | $531,630 + insurance | ~$3,240 |
| 20% ($118,140) | $472,560 | ~$2,610 |
Remember that purchases under 20% down require mortgage insurance and the maximum amortization is 25 years (30 years for first-time buyers of new builds). Use the down payment calculator to plan your savings target.
Historical single-family home prices
This graph shows the historical home prices in Montreal:
Here are the historical median home prices in Montreal over the past twelve months:
| Date | Median Price |
|---|---|
| 01/2025 | $590,700 |
| 12/2024 | $580,000 |
| 11/2024 | $600,000 |
| 10/2024 | $589,000 |
| 9/2024 | $590,000 |
| 8/2024 | $590,000 |
| 7/2024 | $585,000 |
| 6/2024 | $582,500 |
| 5/2024 | $575,500 |
| 4/2024 | $575,000 |
| 3/2024 | $565,000 |
| 2/2024 | $550,000 |
| 1/2024 | $534,000 |
From January 2024 to January 2025, the median price increased by $56,700 (+11%). The market showed consistent monthly gains with the strongest price appreciation occurring in the second half of the year.
Condominiums
Condominiums saw a year-over-year increase of 8% in the median price, climbing to $420,000 from $390,000 in January 2024. Total condo sales in Montreal saw a 38% year-over-year increase with 1,152 sales to start the year. Active listings stand at 7,132 in January 2025.
| Area | Median Price |
|---|---|
| Province of Quebec | $390,000 |
| Montreal CMA | $420,000 |
| Island of Montreal | $466,000 |
| Laval | $425,000 |
| North Shore of Montreal | $353,000 |
| South Shore of Montreal | $390,000 |
| Vaudreuil-Soulanges | $357,500 |
| Saint-Jean-sur-Richelieu | N/A |
Condos have become an increasingly popular entry point for first-time buyers in Montreal. At $420,000, a Montreal condo requires a minimum 5% down payment ($21,000) with mortgage insurance. First-time buyers may benefit from the FHSA and the Home Buyers’ Plan (HBP) to assemble their down payment faster.
Plex (2-5 units)
When it comes to multi-unit sales, there was a year-over-year increase in the median price of 8%. The median price of a plex in Montreal is currently $780,000. Sales have increased 56% year-over-year with 251 sales in January. The average selling time also decreased from 88 days to 79.
| Area | Median Price |
|---|---|
| Province of Quebec | $600,000 |
| Montreal CMA | $780,000 |
| Island of Montreal | $831,000 |
| Laval | N/A |
| North Shore of Montreal | $700,000 |
| South Shore of Montreal | $699,900 |
| Vaudreuil-Soulanges | N/A |
| Saint-Jean-sur-Richelieu | N/A |
Plexes remain a popular investment vehicle in Montreal. Rental income from additional units can significantly offset mortgage costs — use the debt service ratio calculator to see how rental income impacts your borrowing capacity.
Year-over-year statistics
Here is how the January 2025 Montreal housing market compares to January 2024:
| Metric | Jan 2024 | Jan 2025 | Change |
|---|---|---|---|
| Total sales | ~2,068 | 2,812 | +36% |
| Active listings | ~16,378 | 15,723 | -4% |
| Median home price | $534,000 | $590,700 | +11% |
| Sales volume | ~$1,178M | $1,743M | +48% |
| New listings | ~5,271 | 6,220 | +18% |
How Montreal compares to other Canadian markets
Montreal remains one of the most affordable major cities in Canada for homebuyers:
| City | Median Single-Family Price |
|---|---|
| Vancouver | ~$1,300,000 |
| Toronto | ~$1,100,000 |
| Ottawa | ~$650,000 |
| Montreal | $590,700 |
| Calgary | ~$585,000 |
| Edmonton | ~$420,000 |
For buyers priced out of Toronto or Vancouver, Montreal offers comparable urban amenities at roughly half the price. The mortgage affordability calculator can help you determine how much house you can afford in the Montreal market.
What to expect for the rest of 2025
Several factors will shape the Montreal housing market through 2025:
- Interest rates: The Bank of Canada has already cut rates significantly, and further cuts could push more buyers into the market
- Immigration: Quebec continues to receive significant immigration which supports housing demand
- Inventory: With active listings declining 4% year-over-year, supply remains tight
- Quebec land transfer tax: Buyers should budget for Quebec’s land transfer tax (welcome tax) which applies on top of the purchase price
For first-time buyers looking to enter the Montreal market, the combination of the FHSA, HBP, and extended 30-year amortizations for new builds creates a strong set of tools to make homeownership achievable. See the first-time home buyer programs guide for the full list of available programs.
Frequently asked questions
What is the average home price in Montreal?
The median single-family home price in Montreal (CMA) is $590,700 as of January 2025, representing an 11% year-over-year increase.
What is the average condo price in Montreal?
The median condo price in Montreal (CMA) is $420,000 as of January 2025, an 8% year-over-year increase from $390,000 in January 2024.
Is Montreal a good time to buy a house in 2025?
Montreal remains among the most affordable major Canadian cities. With interest rates falling, demand is increasing but prices are still well below Toronto and Vancouver levels. Buyers should be prepared for competition, particularly in the under-$600,000 segment.
How does Montreal compare to Toronto for housing affordability?
Montreal’s median home price of $590,700 is roughly half of Toronto’s median price, making it significantly more affordable for both first-time buyers and families.