The question comes up often among buyers: is it really the right time to buy a condo in Montreal? In a changing real estate environment, the answer requires nuance. Here is a current snapshot of the condo market in Montreal and the Greater Metropolitan Area (GMA), along with the key factors to consider before taking action.

A market still favorable to sellers, but more balanced

The condo market in Montreal remains overall a seller’s market, but it is showing clear signs of stabilization. In 2025, the median price of condominiums in Montreal increased by approximately 4%, confirming more moderate and sustainable growth. Condo inventory is higher than in recent years, particularly in certain areas such as downtown, Griffintown, Ville-Marie, and L’Île-des-Sœurs.

This increase in supply creates an interesting context for buyers:

• Some developers and sellers are more open to adjusting their prices
• There is more choice available, which reduces the pressure of bidding wars
• Selling times are slightly longer, leaving more room for negotiation

For well-prepared buyers, this is a healthier and more strategic environment than an overheated market.

Waiting for a rate cut? Not always the best strategy

Many buyers hesitate in hopes of a drop in interest rates. However, waiting also comes with risks.

If a rate cut occurs, it will benefit all buyers at the same time, which could:

• Increase competition
• Bring back multiple-offer situations
• Push prices higher for the most sought-after condos

When the down payment is ready, mortgage pre-approval is in hand, and the project is clear, waiting for the “perfect moment” can ultimately cost more. In many cases, the best time to buy is when the buyer is ready, not when the market is theoretically ideal.

Bill 16: increased protection for condo buyers

Since August 14, 2025, Bill 16 has introduced an important new requirement: the building condition certificate is now mandatory for condominiums.

This measure represents a real advantage for buyers:

• Greater transparency regarding the condition of the building
• A clear view of the contingency fund and upcoming work
• Fewer unpleasant surprises after purchase
• A better ability to assess long-term financial risks

For the Montreal condo market, this regulation strengthens confidence and supports more informed purchasing decisions.

What not to overlook before buying a condo in Montreal

Buying a condo goes beyond the asking price. Certain elements must be fully factored into the decision:

• Condo fees
  They must be included in the mortgage pre-approval to provide a realistic view of the monthly budget.
• Condominium association insurance
  It is essential to verify what is covered by the association’s insurance and to supplement it with appropriate personal coverage.
• Participation in co-owners’ meetings
  This is the best way to stay informed, anticipate upcoming work, and understand the building’s financial health.

These details make all the difference between a secure purchase and a rushed decision.

Being well supported makes all the difference

Buying a condo in Montreal—whether in Outremont, Ville Mont-Royal, Westmount, Le Plateau, Rosemont, or elsewhere in the GMA—requires in-depth knowledge of the local market, regulations, and the realities specific to each condominium.

Bardagi – RE/MAX du Cartier G.B., recognized for its expertise in the Montreal market and its rigorous approach, supports buyers at every stage: market analysis, property selection, review of condominium documents, and strategic negotiation.