Montreal-area home sales fall 3% in February while prices rise: real estate board

A real estate sign is posted outside a home in Pointe-Claire, a city in Montreal's West Island, Tuesday, May 7, 2024. THE CANADIAN PRESS/Christinne Muschi

MONTREAL — Quebec’s real estate board says Montreal-area home sales fell 3.2 per cent on a year-over-year basis in February as the market entered a “sales stabilization phase.”

The Quebec Professional Association of Real Estate Brokers says 3,930 residential properties changed hands throughout the month in the Montreal census metropolitan area, down from 4,058 in February 2025.

Meanwhile, home prices were up across all categories in, led by a 7.6 per cent increase in the median price of a plex to $850,000.

The median price of a single-family home rose 6.5 per cent year-over-year to $639,000 in February, while the median price of a condominium increased 2.4 per cent to $430,000.

The board’s market analysis director Charles Brant says rising inventory of unsold new condominiums between 2024 and 2025 has boosted overall supply, giving buyers more choice as the spring market approaches.

New listings in February totalled 7,629, up 13.3 per cent year-over-year, while total inventory rose 12.1 per cent to 18,695 units for sale.

This report by The Canadian Press was first published March 5, 2026.