Montreal-area home sales fall 10% in July amid ‘adjustment phase’: real estate board
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Montreal-area home sales fell 10 per cent year-over-year in July as the province’s real estate board says activity cooled across the entire market.
The Quebec Professional Association of Real Estate Brokers says 3,338 residential properties changed hands throughout the month in the Montreal census metropolitan area, down from 3,709 in July 2025. All property categories and all large geographic sections of the region recorded a decrease in sales compared with a year ago.
Home prices were up year-over-year across all categories for the month, led by a 6.1 per cent increase in the median price of a plex to $865,000.
The median price of a single-family home rose four per cent year-over-year to $650,000 in July, while the median price of a condominium increased 1.5 per cent to $431,500.
New listings in July totalled 5,260, up 4.1 per cent year-over-year, as the board said the supply of properties for sale continued a rebound that began in summer 2025.
“Although the existing condominium market is adjusting more quickly, single-family homes and plexes are also seeing lower sales and higher supply,” said the board’s senior economist Hélène Bégin in a news release.
“This broad-based slowdown in Greater Montreal’s residential real estate market is unfolding in a fragile economic environment and alongside a demographic shift. Stricter immigration rules are now contributing to a decline in the population of the Montreal (census metropolitan area), which inevitably tempers demand across housing types.”
The board said rising supply and slowing demand are “reinforcing the market easing observed over the past several months.” However, sellers of single-family homes and plexes continue to hold “a clear advantage” in negotiations.
Total inventory rose 16.6 per cent to 19,790 units for sale.
This report by The Canadian Press was first published Aug. 6, 2026.