House prices in Montréal in 2026: Trends and Perspectives
The Montreal real estate market has experienced notable fluctuations in recent years, with significant increases in home prices. In 2026, this trend is expected to continue, albeit more moderately.
Evolution of Home Prices in Montreal
In the second quarter of 2025, the median price of single-family homes on the island of Montreal surpassed the symbolic one-million-dollar mark, reaching $1,008,234, a rise of more than 40% over five years. This increase is attributed to the scarcity of available land and sustained demand, notably due to population growth and immigration.
According to forecasts from the Quebec Professional Association of Real Estate Brokers (APCIQ), the median price of single-family homes is expected to reach $645,000 in 2026, representing a 4% increase over the previous year.
Factors Influencing the Real Estate Market in 2026
Several elements are expected to influence the Montreal real estate market in 2026:
- Scarcity of supply: The limited availability of land and single-family properties will continue to support rising prices.
- Sustained demand: Population growth and immigration will maintain constant pressure on the market, benefiting sellers.
- Government regulations: Public policies, such as tax incentives for buyers, could influence market dynamics.
Advice for Potential Buyers
In light of these trends, potential buyers should:
- Assess their financial capacity: Calculate the income needed to cover mortgage payments, taking current prices into account.
- Consider alternatives: Explore condo options or homes on the outskirts of Montreal, where prices may be more affordable.
- Prepare for competition: Be ready to act quickly in the face of increased competition in the market.
Conclusion
In 2026, the Montreal real estate market is expected to continue showing high prices, mainly due to the scarcity of supply and sustained demand. Buyers will need to be prepared and flexible to navigate effectively in this dynamic market.