The first six months of 2026 confirm that Montreal’s real estate market is becoming more balanced. Sales across the island are down 7% compared to the same period in 2025, while new listings have increased by 7%, giving buyers more options. The Bank of Canada’s decision to maintain its policy interest rate at 2.25% has also contributed to a more stable market, allowing both buyers and sellers to navigate the current landscape with greater confidence and predictability.

Montreal Island Real Estate Market at a Glance

January to June 2026

• Total sales: -7% compared to 2025
• New listings: +7%

Single-Family Homes

• Sales: -7%
• Median price: +6%

Condominiums

• Sales: -9%
• Median price: Stable (0%)

Plexes (2- to 5-Unit Properties)

• Sales: -1%
• Median price: +5%
• Average days on market: 47 to 58 days
• Bank of Canada policy interest rate (July 15): Held at 2.25%

The Policy Interest Rate Remains Unchanged

On July 15, the Bank of Canada announced that it would maintain its policy interest rate at 2.25%.

This decision provides greater stability for the real estate market. Buyers benefit from improved predictability when securing financing, while sellers continue to enjoy healthy demand.

Although mortgage rates remain higher than they were during the pandemic, today’s market is considerably more stable, creating an environment where transactions can move forward with greater confidence.

Looking Ahead to the Second Half of 2026

Based on the results observed during the first half of the year, there are currently no signs of a significant shift in market trends. The increase in new listings, stable pricing across several market segments, and the Bank of Canada’s decision to hold the policy rate at 2.25% all point toward a second half of 2026 that is likely to follow the same trajectory as the past several months.

According to Georges Bardagi, President and experienced Real Estate Broker at Bardagi – RE/MAX du Cartier GB, this balanced market is expected to continue.

“We expect the Montreal real estate market to remain relatively stable through the second half of 2026. Current conditions are likely to persist, creating a more balanced environment for both buyers and sellers. Well-positioned properties will continue to sell under favourable market conditions.”

For both buyers and sellers, this stability generally means a more predictable market where decisions can be made with greater confidence.

At Bardagi – RE/MAX du Cartier GB, we closely monitor Montreal’s real estate market to help buyers, sellers, and investors make informed decisions. Our in-depth knowledge of local market trends allows us to provide expert guidance at every stage of the real estate journey.

FAQ

Is it still a seller’s market?

Yes, but buyers now have more options than they did over the past few years.

Why are sales declining?

The market is stabilizing after several exceptionally active years, while the number of properties available for sale has increased.

Is holding the policy interest rate steady good news?

Yes. It provides greater stability and predictability for both buyers and sellers.

Is now a good time to buy?

Current market conditions offer buyers more choice and a healthier balance between supply and demand.

Are property prices still stable?

Yes. Median condo prices have remained stable, while plexes continue to see price growth.