The Montreal real estate market confirms its upward momentum in spring 2026. According to APCIQ data for March 2026 published in April, all segments are growing with varying intensity: single-family homes drive the market upward (+6.9%), plexes confirm investor interest (+9%), and condos follow a more moderate trajectory (+3%). The Bank of Canada’s decision to hold the policy rate at 2.25% on April 29, 2026 creates a favorable environment for spring transactions.
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1. Market Snapshot — March 2026
$652,250
Single-family
+6.9% YoY
$855,000
Plex (2−5 units)
+9% YoY
$420,000
Condominiums
+3% YoY
APCIQ data for March 2026 shows a metropolitan market growing across all segments, but with distinct dynamics depending on property type.
2. Single-Family: The Driving Segment
With a median of $652,250 and annual growth of +6.9%, single-family homes remain the tightest segment in Montreal. Supply remains structurally low: few new builds on the island, chronic shortage of well-located family properties. Sustained demographic pressure (steady net immigration) keeps demand strong.
The most active boroughs for this segment in spring 2026 are: Saint-Laurent, Ahuntsic-Cartierville, Mercier–Hochelaga-Maisonneuveand Rivière-des-Prairies–Pointe-aux-Trembles. The periphery (Laval, South Shore, Boucherville, Brossard) still attracts young families seeking better price-to-size ratios.
3. Plex: The Stable-Rates Effect
Plexes show the strongest growth at +9% year-over-year, reaching a median of $855,000. This growth is driven by several converging factors: stabilization of mortgage rates (variable rate around 2.70% post-BoC April 29), sustained rental demand improving gross yields, and progressive rebalancing between owner-occupants and investors.
💡 Yield calculation: on a $855,000 plex with 20% down ($171,000) financed at variable rate 2.70%, cashflow depends on net monthly rent compared to monthly mortgage payment of approximately $3,130.
The most dynamic zones for plexes: Le Sud-Ouest, Verdun(REM Anse-à-l’Orme upcoming opening), Villeray–Saint-Michel–Parc-Extensionand Rosemont–La Petite-Patrie.
4. Condos: Moderate Growth
Condos are the least tight segment with +3% year-over-year at $420,000 median. Supply is more abundant (deliveries from 2023-2024 projects still on the market), particularly downtown and in Griffintown.
This is currently the segment offering buyers the best negotiating power. Sale times are longer (45-60 days on average vs 25-30 for single-family homes), and offer-to-list ratios hover around 96-98% depending on borough.
5. May-June 2026 Outlook
The next BoC announcement on June 10, 2026 will be decisive. Markets anticipate either a new hold (5th consecutive pause) or a 0.25-point cut if CPI remains below the 2% target. In either case, the environment remains favorable for transactions.
To estimate the exact value of your property based on recent comparable sales (more than 11,000 sales in CourtiConnect database), use our online estimator.