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Estimate my property →January 2026 marks a significant decline in real estate sales across the Greater Montreal area. With only 2,364 transactions, that’s 15% fewer than January 2025. Yet median prices continue their ascent. Here’s the full breakdown of APCIQ data.
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📊 Sales Overview — Key Figures
According to data published by the Association professionnelle des courtiers immobiliers du Québec (APCIQ), January 2026 shows a marked decline in the number of transactions across the Greater Montreal census metropolitan area (CMA).
2,364
Transactions in January 2026
-15%
Compared to January 2025
+4%
Median price single-family
💡 Context: this 15% drop comes after an exceptionally strong January 2025, fueled by Bank of Canada rate cuts. The decline is partly a return to normal rather than a market collapse.
💰 Median Prices by Property Type
Despite lower sales volume, median prices are up across all segments. Here’s the detailed picture:
$615,000
Single-family (+4%)
$428,000
Condos (+2%)
$841,800
Plexes (+8%)
⚠️ Note: plexes show the strongest increase (+8%). Sustained rental demand and income potential continue to attract investors to this segment, pushing prices higher.
Rising prices during a sales decline may seem paradoxical. It’s explained by persistently low supply: even though fewer buyers show up, there are even fewer properties available on the market.
⏱️ Selling Timelines — A Slowing Market?
Selling timelines have slightly lengthened in January 2026, varying by property type:
50 days
Condos
58 days
Single-family
67 days
Plexes
These timelines remain relatively short for January, traditionally the slowest month of the year. A well-positioned and correctly priced property continues to find a buyer quickly.
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Seller calculator →🤔 Why Sales Drop but Prices Rise
This phenomenon is explained by several converging factors:
1. 🏠 Limited supply — New listings remain low, creating scarcity that supports prices
2. 💸 Rate effect — Despite Bank of Canada cuts (policy rate at 2.25%), some buyers remain cautious, reducing demand
3. 📈 Base effect — January 2025 was exceptionally strong, making the comparison unfavorable
4. 🏗️ Structural shortage — Quebec’s housing deficit maintains upward pressure on prices, regardless of transaction volume
💡 Key takeaway: even if you see fewer “For Sale” signs in your neighbourhood, that doesn’t mean prices are falling. On the contrary, supply scarcity works in sellers’ favour.
🔮 Spring 2026 Outlook
Several indicators suggest a rebound in activity for spring 2026:
✅ Positive factors
Policy rate at 2.25% (recent historic low)
Massive mortgage renewals in 2026
Pent-up demand from first-time buyers
Immigration supporting rental demand
⚠️ Risks
Persistent economic uncertainty
Strained affordability
Possible regulatory tightening
Trade tensions with the United States
The spring real estate season (March–June) should see a rise in transactions thanks to favourable rates and pent-up demand. However, prices are expected to continue rising moderately, making an accurate valuation of your property more important than ever.
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