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Estimate my property →February 2026 marks a clear rebound in Montreal real estate activity. After a subdued January, QPAREB data shows sales up 8% compared to February 2025. Median prices continue climbing across all property types, with plexes leading the charge at +9%. Here's the complete breakdown of the February numbers.
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📊 Sales Overview — The February Rebound
According to QPAREB (Quebec Professional Association of Real Estate Brokers) data, February 2026 shows a healthy rebound in transaction volume across the Greater Montreal area, reversing January's slowdown.
+8%
Sales vs February 2025
$625K
Median single-family (+5%)
$855K
Median plex (+9%)
💡 Context: the +8% rebound follows a slower January and reflects improving buyer confidence. The Bank of Canada policy rate at 2.75% since January 2026 has translated into more favourable mortgage conditions, boosting buyer activity.
💰 Median Prices by Property Type
All three major property segments show price increases in February 2026. Here's the detailed picture:
$625,000
Single-family (+5%)
$432,000
Condos (+3%)
$855,000
Plexes (+9%)
⚠️ Plex surge: plexes continue to outperform all other segments with a +9% increase. Strong rental demand, limited supply of quality income properties, and investor interest are driving this segment higher.
The condo segment shows the most modest growth at +3%, reflecting higher inventory levels compared to single-family homes and plexes. However, condos remain attractive for first-time buyers priced out of the single-family market.
🏠 Buyer or Seller Market in February 2026?
With sales rebounding and prices rising across all segments, Montreal remains predominantly a seller's market. However, conditions vary significantly by property type and neighbourhood.
✅ Seller's market
Single-family homes (limited supply)
Plexes (strong investor demand)
Central neighbourhoods
Properties under $700K
⚖️ More balanced
Condos (higher inventory)
Luxury segment ($1M+)
Peripheral neighbourhoods
New construction
💡 For sellers: this is a good time to list. Rising prices (+5% single-family, +9% plex) and increasing buyer activity mean well-priced properties attract multiple offers. For buyers, preparation and speed are essential.
📉 Interest Rates and Their Impact
The Bank of Canada policy rate has been at 2.75% since January 2026. This translates to favourable mortgage conditions for buyers:
2.75%
BoC policy rate
~3.69%
Fixed mortgage rate
~3.35%
Variable mortgage rate
These rates represent a significant improvement from the peaks of recent years. Lower rates increase buyer purchasing power, which contributes to the 8% rebound in February sales. However, rates remain higher than the historic lows of 2020-2021, meaning affordability is still stretched for many buyers.
🔮 Spring 2026 Outlook
The February rebound sets the stage for an active spring market. Several factors point to continued momentum:
✅ Positive signals
Sales momentum (+8% Feb)
Policy rate stable at 2.75%
Pent-up demand from sidelined buyers
Spring listing season approaching
⚠️ Watch factors
Affordability constraints persist
Economic uncertainty
Trade tensions with the U.S.
Limited housing supply
For sellers, the February data confirms that now is a strong time to list. Rising prices and increased buyer activity create favourable conditions. For buyers, the message is clear: act decisively, as competition is intensifying and prices continue their upward trajectory.
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