Montreal Real Estate Market by Borough: Q3 2026

In the third quarter of 2026, Centris counts 3,344 residential sales on the island of Montreal, 13% fewer than in the third quarter of 2025, including 1,728 condos. The median price of a single-family home rises 2%, to $812,000; the condo median stays at $477,000. These island-wide figures cover 19 boroughs of the City of Montreal and 15 related cities (villes liées) that do not move together: sales fall 34% in Mercier/Hochelaga-Maisonneuve and climb 23% in Kirkland. Here are all 34 territories side by side, with what these data can tell you, and what they cannot.

The island of Montreal in Q3 2026: condos lead

From July to September 2026, every category sold less than a year earlier and has more properties listed. Median prices, meanwhile, rose little or not at all.

Source: Centris real estate statistics for Montréal (Île), third quarter of 2026, meaning July to September. Centris calculates each change “compared with the same quarter of the previous year”; the change in days is expressed in days.

Inventory is growing without a wave of new listings. All categories combined, hobby farms included, the island has 7,940 new listings, barely 1% more than a year earlier, but 10,490 active listings, 12% more. Selling time is lengthening mostly for condos: 67 days on average, 14 more than a year earlier.

Montreal’s 19 boroughs compared

For each borough: sales for the quarter, all categories, the single-family median and the condo median, then the average selling time for each. “4Q”: median over the last four quarters, given only when Centris does not publish the quarterly one. “n.p.”: not published, for lack of sufficient transactions.

Source: Centris real estate statistics for Montréal (Île) and for each borough, linked on its name, third quarter of 2026, meaning July to September.

Single-family homes are often too scarce for a quarterly median. Centris publishes the quarterly single-family median in 6 of the 19 boroughs, and the condo median in 13. Ville-Marie sums up the gap: 10 single-family homes sold, 289 condos. Condos are the best-selling category in 12 boroughs, plexes in 4 (Ahuntsic-Cartierville, Montréal-Nord, Saint-Léonard and Villeray/Saint-Michel/Parc-Extension), and single-family homes in only 3.

Extremes only compare over the same period. For the quarter, the published condo median ranges from $347,500 in Rivière-des-Prairies/Pointe-aux-Trembles to $617,000 in Verdun/Île-des-Sœurs. Over four quarters, the single-family median ranges from $524,875 in Montréal-Nord to $2,299,200 in Outremont. Rivière-des-Prairies/Pointe-aux-Trembles also sells the most single-family homes on the island, 109 (+17%), at the lowest published quarterly median, $605,000. The neighbourhood has its own page: real estate broker in Rivière-des-Prairies.

Three rises in sales, sixteen declines. Sales rise in L’Île-Bizard/Sainte-Geneviève (+23%), LaSalle (+9%) and Anjou (+3%), and fall everywhere else. Several of these boroughs are described on the real estate broker in Montreal page.

The island’s 15 related cities

The related cities share the agglomeration with Montreal, but not the makeup of its sales: single-family homes are the best-selling category in 12 of the 15. Same columns, same abbreviations.

Source: Centris real estate statistics for each city, linked on its name, third quarter of 2026, meaning July to September. A number of sales shown without a change means Centris does not publish that change.

Westmount, a figure to read with caution. The quarter’s single-family median there reaches $2,525,000, 24% more than a year earlier, on 41 sales; over four quarters, the rise is 7%, and Outremont’s median ($2,299,200) then exceeds Westmount’s ($2,257,500). Its 102-day selling time is the longest published for single-family homes on the island.

Kirkland and Pointe-Claire are selling more. Along with Westmount (+9%), they are the only related cities where Centris publishes a rise in sales: +23% and +18%. Each of the two cities has at least one station on the REM’s Anse-à-l’Orme branch, in service since May 18, 2026, but no official source measures the effect of that opening on sales, and one quarter is not enough to establish it. Conversely, sales fall 25% in Dollard-des-Ormeaux and 23% in Dorval. In L’Île-Dorval, Montréal-Est and Senneville, no median is published, even over four quarters.

Condos, single-family homes, plexes: three distinct markets

Condos are slowing, especially in the centre. Ville-Marie accounts for 289 of the 1,728 condos sold on the island, in 92 days on average; only LaSalle takes longer, 93 days (+38). In its October 14, 2026 release, the APCIQ places the island’s condo market “on the border between a balanced market and a buyers’ advantage,” and adds: “The downtown Montreal perimeter and the southwest sector, however, are already in surplus.” Its barometer puts a number on it for Ville-Marie: over 12 months, from 14.0 to 24.2 months of inventory in every price range from $230,000 up, all labelled “Acheteur” (buyer’s market); balance lies between 8 and 10 months.

Single-family homes remain on the sellers’ side, according to the APCIQ. For the island as a whole, over 12 months, the barometer classifies them “Vendeur” (seller’s market) in every price range under $1,220,000, at 3.0 to 5.1 months of inventory, and “Équilibré” (balanced) above that, at 9.1 months.

The plex median rises 3%, to $902,500. Mercier/Hochelaga-Maisonneuve sells the most, 77, ahead of Ahuntsic-Cartierville, 71, where these sales rise 54%. For the quarter, published medians range from $800,000 in Mercier/Hochelaga-Maisonneuve to $1,200,000 in the Plateau-Mont-Royal. In Saint-Léonard, plexes account for 26 of the 59 sales, and their median over four quarters, $1,056,875, is the second highest on the island after the Plateau’s. Down payment, the rents a lender will count, the rules of the Tribunal administratif du logement (Quebec’s rental board): see plex or condo in Montreal.

What is weighing on the Montreal real estate market this fall

The policy rate. The Bank of Canada held it at 2.25% on September 2, 2026; its next announcement is on October 28. For the effect on your own rate, talk to a mortgage broker.

The month of September. According to APCIQ monthly statistics, the island recorded 1,104 sales in September 2026 (-14%). The single-family median for the month fell 4%, to $779,000 on 310 sales, while the quarter’s rose 2%.

Transfer duties (the welcome tax). Only the City of Montreal may exceed the legal 3% ceiling on the portion above $500,000: it applies 3.5% from $2,136,500 and 4% from $3,113,000, but only moves to 2% at $552,300. In the related cities, the rate above $500,000 varies from one city to another: 3% from $500,000 in Westmount and Senneville, 1.5% up to $630,100 in Mont-Royal (Town of Mount Royal) and Beaconsfield, and up to $800,000 in Côte-Saint-Luc. The welcome tax calculator contains Montreal’s rates, not those of the related cities; your notary confirms the amount.

The assessment roll. In force since January 1, 2026, the 2026-2027-2028 rolls reflect the market as of July 1, 2024: an average increase of 12.2% in the agglomeration and 12.6% in the City of Montreal. A roll value therefore cannot be compared with a 2026 Centris median.

Rentals. In CMHC’s October 2025 Rental Market Survey, the most recent, the vacancy rate ranges from 0.7% in Montréal-Nord to 6.4% in the Centre-ville de Montréal/Île-des-Soeurs zone; six zones on the island have no published overall rate.

Transit. The REM’s Anse-à-l’Orme branch has served Pointe-Claire, Kirkland and Sainte-Anne-de-Bellevue since May 18, 2026; the airport branch is expected by the end of 2027. The STM plans to open the Blue Line extension, five stations east of Saint-Michel, in 2031.

Water. The City of Montreal designates six boroughs and seven related cities as areas affected by flooding. The first batch of new maps from the Communauté métropolitaine de Montréal (CMM), which covers among other areas the banks of the Rivière des Prairies and Lac Saint-Louis, was to come into force on August 1, 2026; on July 30, the CMM wrote that the Environment ministry was postponing their release “to an undetermined date.” Until a new-generation map exists, the maps in force, according to Quebec, are those of the municipality or the MRC (regional county municipality). See buying in a flood zone in Quebec.

The island’s nine sectors, one by one

This series analyzes each of these nine sectors separately, using a grouping of its own. No sector median exists: medians cannot be combined.

Ville-Marie and Le Plateau-Mont-Royal. Two condo markets with opposite selling times: 92 days against 48.

Rosemont/La Petite-Patrie and Villeray/Saint-Michel/Parc-Extension. In Villeray/Saint-Michel/Parc-Extension, the condo median rises 33% on 47 sales, and 8% over four quarters.

Mercier/Hochelaga-Maisonneuve, Anjou, Saint-Léonard and Montréal-Est. The island’s steepest drop in sales sits next to one of its three borough-level increases, in Anjou.

Ahuntsic-Cartierville and Montréal-Nord. Active listings rise 40% in Ahuntsic-Cartierville; Montréal-Nord has the island’s lowest single-family median over four quarters.

Rivière-des-Prairies/Pointe-aux-Trembles. Active listings rise 48% there, the largest increase of the 19 boroughs.

Le Sud-Ouest, Verdun, LaSalle and Lachine. Le Sud-Ouest is the island’s second-largest market by sales, 268; in Lachine, the condo median falls 12% on 39 sales.

Côte-des-Neiges/Notre-Dame-de-Grâce, Outremont, Westmount, Mont-Royal, Hampstead, Côte-Saint-Luc and Montréal-Ouest. The four highest single-family medians over four quarters are here, and supply is shrinking in Westmount (-6%), Mont-Royal (-10%) and Hampstead (-15%).

Saint-Laurent, Dorval and L’Île-Dorval. Saint-Laurent sells 100 condos (+6%), but in 75 days, 22 more than a year earlier.

The West Island. Pointe-Claire, Dollard-des-Ormeaux, Kirkland, Beaconsfield, Baie-D’Urfé, Sainte-Anne-de-Bellevue, Senneville, Pierrefonds-Roxboro and L’Île-Bizard/Sainte-Geneviève sell mostly single-family homes; in Pointe-Claire, they sell in 29 days, the shortest published single-family selling time on the island.

Reading these figures without getting them wrong

A median moves with the mix of sales. A change in the median price is not the change in value of any given house: from one quarter to the next, different properties are sold. To place a specific address, the method is comparable sales, audited one by one.

Two asterisks do not mean zero. Centris pairs them with the note “Insufficient number of transactions to produce a reliable statistic.” None of these gaps is filled in here: the tables fall back on the total for the last four quarters, marked “4Q,” when it exists.

One source per table. The APCIQ barometer, also drawn from the Centris system, counts 3,348 sales on the island for the quarter (-14%), against 3,344 (-13%) on the Centris page, both consulted on October 20, 2026. Its territories also differ: it separates L’Île-des-Sœurs from the rest of Verdun and groups Notre-Dame-de-Grâce with Montréal-Ouest.

Frequently asked questions

Which Montreal borough has the highest median price? It depends on the category and the period. Single-family over four quarters: Outremont, at $2,299,200. Single-family for the quarter, among the 6 boroughs where Centris publishes it: Côte-des-Neiges/Notre-Dame-de-Grâce, at $1,289,500. Condos for the quarter, among 13: Verdun/Île-des-Sœurs, at $617,000.

Are prices falling in Montreal? In the third quarter of 2026, the island’s medians rise 2% for single-family homes and 3% for plexes, and do not move for condos. For September alone, the APCIQ measures -4% for single-family homes. None of these measures of the past says what prices will do.

Has the Montreal market tipped in buyers’ favour? Not uniformly. According to the APCIQ, the island’s condo market is on the border between balance and a buyers’ advantage, while single-family homes remain favourable to sellers under $1,220,000. A verdict holds for one category, one price range and one territory.

What changes if you buy in a related city rather than in Montreal? First, transfer duties: above $500,000, a related city’s rate does not exceed 3%, while Montreal applies 3.5% and then 4% to the highest brackets. Then the market: single-family homes dominate sales in 12 of the 15 related cities, against 3 of the 19 boroughs. Your notary confirms the duties.

To go further, read how the welcome tax is calculated and how to compare two Montreal neighbourhoods.

Montreal borough or related city, the island median does not tell you what your property is worth. Write to me: the analysis starts from comparable sales in your area and your category. Service in French, English and Arabic.

Georges Matar

Residential Real Estate Broker · RE/MAX DU CARTIER INC.

Contact Georges