APCIQ May 2026: Montreal Inventory Keeps Climbing, Price Pressure Eases

The May 2026 statistics released by the APCIQ on June 4 confirm the trend that took hold this spring: 4,623 residential sales in the Montreal CMA (down 7% year over year) and inventory rising for a tenth consecutive month, at 21,073 active listings (+14%). After the 7% decline already recorded in the April 2026 APCIQ data, the Montreal market keeps drifting toward balance — without a price correction.

The key May 2026 numbers

Across the Montreal CMA: 4,623 sales (−7%), 21,073 active listings (+14%) and 7,564 new listings. By category, condominiums fell the most (−8% in sales), followed by single-family homes (−6%) and plexes (−5%). Median prices: single-family at $645,000 (+3%), condo at $430,000 (+1%) and plex at $875,000 (+6%). Price growth has clearly slowed, but it remains positive in every segment.

Ten straight months of rising inventory

Supply has been growing without interruption since the summer of 2025. Condos lead the way with listings up 19% in a year, versus +9% for single-family homes and plexes. The direct consequence: buyers are getting choice and time back. The average selling time for a condo now reaches 47 days (+7 days year over year), versus 30 days for a single-family home and 39 days for a plex. The APCIQ notes, however, that only the Island of Montreal and the South Shore show supply levels above their historical averages.

Sharp differences between sectors

The Island of Montreal posted the steepest decline: 1,694 sales, down 10%, with the median single-family home at $780,000 and condos at $479,000 (−2%). At the other end, the South Shore is holding up: sales nearly flat (−1%), single-family at $650,000 (+2%) — but its listings jumped 21%. The North Shore (−6% in sales) recorded the strongest single-family price growth in the CMA at $606,000 (+8%), Laval slipped 10% with condos up at $438,500 (+5%), and Vaudreuil-Soulanges stayed stable with single-family homes at $629,500 (+5%).

Easing is not a correction

The scenario taking shape is not falling prices — it is rebalancing. Sellers are losing the extreme leverage of 2024-2025, bidding wars are fading outside the tightest segments (well-located single-family homes), and buyers can negotiate more — especially on condos. With the Bank of Canada holding its policy rate at 2.25% since April 29, it is supply, more than the cost of credit, that is reshaping the market right now.

What it means for you

Sellers: the listing price is decisive again. With 21,073 active listings, an overpriced property sits while well-positioned ones sell in 30 to 47 days. Buyers: choice is widening, particularly for Island condos, and time is now on your side. In both cases, a fine-grained read of your sector — the gaps between the Island, the suburban shores and Laval have rarely been this visible — is worth more than a regional average.