Rosemont and Villeray, Montreal Real Estate Market: Q3 2026

In Montreal, Rosemont-La Petite-Patrie and Villeray-Saint-Michel-Parc-Extension recorded 209 and 126 residential sales in the third quarter of 2026, according to Centris: 23% and 26% fewer than in summer 2025, nearly double the decline for the island as a whole (-13%). Plexes carry a lot of weight in both boroughs, with nearly half of all sales in Villeray and nearly a third in Rosemont, and their median price holds at $950,000 and $880,000. Here are the figures, then what is changing in the area: the blue line, taxes and condo conversion.

The Rosemont and Villeray real estate market, by the numbers

The Centris pages for these two Montreal boroughs cover 141,813 and 145,090 residents in the 2021 census. The changes compare with the same quarter of 2025; the change in days on market is expressed in days.

Source: Centris real estate statistics for Rosemont/La Petite-Patrie, Villeray/Saint-Michel/Parc-Extension and the island of Montreal, third quarter of 2026, July to September.

In Villeray, the assessment roll lists 12,715 properties with 2 to 5 dwellings, against 5,184 condos and 3,660 single-family homes. In Rosemont, it lists 12,675 properties with 2 to 5 dwellings, 12,454 condos and 2,802 single-family homes. In Rosemont, condos are almost as numerous as plexes; in Villeray, plexes are more than twice as numerous.

Plexes, the core of the Rosemont and Villeray market

Source: Centris real estate statistics for Rosemont/La Petite-Patrie, Villeray/Saint-Michel/Parc-Extension and the island of Montreal, third quarter of 2026, July to September.

Plexes account for 59 of Villeray’s 126 sales and 65 of Rosemont’s 209, against fewer than one sale in five on the island (614 of 3,344). They also sell faster: 39 days in Rosemont and 43 in Villeray on average between the signing of the brokerage contract and the sale, against 52 for the island. Over the last four quarters, Centris counts 339 plex sales in Rosemont (-1%) and 284 in Villeray (-13%), at median prices of $986,625 and $856,250, both up 7%.

Transfer duties at the median price. At $950,000, the City of Montreal’s 2026 brackets give $14,349 in transfer duties (the welcome tax); at $880,000, $12,949. For your own price, the welcome tax calculator applies the City’s rates.

Condos and single-family homes

Source: Centris real estate statistics for Rosemont/La Petite-Patrie, Villeray/Saint-Michel/Parc-Extension and the island of Montreal, third quarter of 2026, July to September.

In Rosemont, condos make up 60% of sales. Their active listings are up 37%, yet the units sold stayed 40 days on the market, against 67 on the island.

Villeray’s +33%. It rests on 47 sales. Over four quarters, Centris gives $497,562 (+8%), and APCIQ’s barometer, over 12 months, $473,750 (0%): neither shows a jump of a third. A change in median price describes the sales of a period, not the value of a given unit, because the mix of properties sold changes from one quarter to the next.

What APCIQ says. Its third-quarter barometer measures condos in sectors 13 (Rosemont) and 14 (Villeray) by price range, over 12 months. In Villeray, all four price ranges where condos sell are favourable to sellers, at 3.5 to 5.1 months of inventory. The same holds in Rosemont from $280,000 up (2.9 to 5.0 months); only the lowest range, with an average of 8 units in inventory, favours buyers (10.6 months). According to APCIQ, a balanced market lies between 8 and 10 months.

Source: Centris real estate statistics for Rosemont/La Petite-Patrie, Villeray/Saint-Michel/Parc-Extension and the island of Montreal, four quarters ending in September 2026.

With 19 sales in Rosemont and 20 in Villeray during the quarter, Centris publishes no quarterly median price for single-family homes, hence the last four quarters. It is the only category where supply is shrinking: 40 houses listed in Rosemont (-2%) and 30 in Villeray (-16%).

What changed in a year in Montreal

Fewer sales, more supply. Sales are down 23% and 26%, new listings are up 8% and 1%, and active listings have risen 22% and 10%. Yet no published median price is falling in either borough.

The regional context. In the Montreal census metropolitan area (CMA), APCIQ counts 9,265 sales in the third quarter (-12%) and 20,350 listed properties (+17%). For condos across the island, it places conditions on the border between a balanced market and one favouring buyers, which its pages for the Rosemont and Villeray sectors do not show. The Bank of Canada’s policy rate remains at 2.25% as of October 20, 2026, and the next announcement is scheduled for October 28.

The 2026 tax bill. The 2026-2027-2028 assessment roll, in force since January 1, 2026, reflects the market as of July 1, 2024, against July 1, 2021 for the previous roll. Buildings with 2 to 5 dwellings gain 9.4% on average in Rosemont and 10.9% in Villeray, against 9.8% for the City of Montreal. According to the City’s 2026 budget, their property tax burden rises on average by 4.5% and 4.1% this year, against 3.5% for the city as a whole. An average does not set the bill for any particular building. Property taxes in Montreal and Laval walks through the calculation.

What is moving in the area: the blue line and Pie-IX

The blue line, scheduled for 2031. The STM is extending the metro eastward from Saint-Michel station: five new stations, a tunnel of about 6 km, and a simultaneous opening of all five stations scheduled for 2031. Vertières station will stand at the corner of rue Jean-Talon and boulevard Pie-IX. Before the work, the STM has buildings inspected when they stand less than 75 m from the excavations or 30 m from the tunnel’s centreline.

The Pie-IX sector, still to be planned. On a page updated October 31, 2025, the City of Montreal presents this 35-hectare sector around Pie-IX and Jean-Talon Est, straddling Villeray-Saint-Michel-Parc-Extension and Saint-Léonard, close to Rosemont-La Petite-Patrie. It aims for new housing and a central park there, and announces consultations in 2026. The page sets a 2050 horizon, with no construction schedule.

New rentals, almost no condos. From January to September 2026, CMHC recorded 519 housing starts in its Rosemont/La Petite-Patrie zone, against 62 a year earlier: 513 rental units and 6 condos. In the Villeray/St-Michel/Pc-Extension zone, it recorded 116 (140 in 2025), including 90 rental units, 26 co-operative units and no condos.

No total vacancy rate published. For October 2025, the most recent survey, CMHC provides no total rate for these two zones (for reasons of confidentiality or statistical reliability). For one-bedroom units, it publishes 0.5% in Rosemont/La Petite-Patrie and 1.2% in Villeray/St-Michel/Pc-Extension, rated “excellent”, against 3.2% in the CMA.

Condo conversion and tourist rentals: the Montreal rules

Conversion to divided co-ownership. In the Montreal agglomeration, section 51 of the Act respecting the Tribunal administratif du logement (Quebec’s rental board) prohibits converting into divided co-ownership a building that has a dwelling, or has had one in the previous 10 years, unless an exemption is granted. The prohibition does not apply to a building whose dwellings are all occupied by undivided co-owners, but the Tribunal’s authorization is still required.

In Rosemont, an exemption may be requested if the owner lives in one of the dwellings at the time of the request, within 6 months of the Tribunal’s receipt of the notice of intention. Published fees: $3,119 for the review, then $1,274 per converted dwelling. An exemption is not an authorization: only the Tribunal can authorize the conversion.

In Villeray, the borough no longer allows conversion: its exemption by-law was repealed in 2019 (RCA19-14003). A rental building there can therefore no longer become a divided co-ownership, apart from the undivided co-ownership exception described above; undivided co-ownership in Montreal explains that formula and how it is financed. Since April 8, 2026, by-law 01-283-125 also prohibits converting commercial spaces on certain commercial streets into dwellings there: for a mixed-use building, check at the permit counter before making an offer. Have your specific case confirmed by a notary or a lawyer.

Tourist rentals. In Rosemont, tourist accommodation outside a principal residence is prohibited, except for bed and breakfasts (gîtes), which are allowed only on rue Saint-Hubert between Bellechasse and Jean-Talon Est. In Villeray, commercial tourist rentals are allowed only on rue Saint-Hubert and rue Jean-Talon Est. Away from those streets, a plex’s return is therefore calculated on ordinary leases.

Selling or buying in Rosemont or Villeray

Selling a plex. Your building joins 140 plexes listed in Rosemont (+9%) or 160 in Villeray (+19%), with fewer sales than a year ago. The price is defended with recent sales of buildings with the same number of units, and with the leases: gather both before you list.

Selling a condo. In Rosemont, buyers have 37% more units to compare than a year earlier. The seller must give them the syndicate’s attestation provided for in article 1068.1 of the Code civil du Québec: see Bill 16 and condo documents.

Buying a plex. The median price is not the price of any given triplex. Start from the rents written in the leases and from the borough’s rules. Income plexes in Montreal and Laval details the checks.

Buying a condo. The choice is growing in Rosemont, but APCIQ still classifies almost every price range there as favourable to sellers. No source puts a figure on the room for negotiation: it shows up in the comparable sales of the building you are considering.

Frequently asked questions

Are plex prices falling in Rosemont or Villeray? Not their median prices in the third quarter of 2026, according to Centris: +1% in Rosemont and +7% in Villeray. What is falling is the number of sales, and a median price says nothing about the value of a specific address.

Can a plex be turned into condos in Rosemont or Villeray? In Rosemont, an exemption can be requested if the owner lives in the building; the Tribunal administratif du logement then decides. In Villeray, the borough has granted none since 2019. In both boroughs, a building occupied entirely by undivided co-owners escapes the prohibition, but not the Tribunal’s authorization.

Will the metro push prices up near Jean-Talon? No official source measures that effect. What is published is the date: the STM plans to open the five stations in 2031.

To go further, read the Montreal real estate market, borough by borough and real estate comparables: auditing your neighbour’s price, then visit the Montreal page.

Selling or buying a plex or a condo in Rosemont or Villeray? Write to me. I prepare a comparative market analysis at no charge, based on recent sales of buildings of the same type.

Georges Matar

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

Contact Georges