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.
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.
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