March 2026 marks the beginning of the traditional spring selling season in Montreal, and early data points to a market that favours sellers in most segments. Lower mortgage rates, persistent inventory shortages, and strong population growth continue to drive activity and prices upward.
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📊 Sales Volume: March 2026 Overview
💡 Approximately 4,800 residential transactions were recorded in Greater Montreal in March 2026, up ~12% from March 2025. This marks the strongest March since 2021.
The surge in activity is driven by two factors: declining mortgage rates (fixed 5-year now at 3.5-4.0%, down from 4.8% a year ago) and a release of pent-up demand from buyers who sat on the sidelines during 2023-2024. New listings rose 8% year-over-year, but were absorbed quickly—the sales-to-new-listings ratio sits at 62%, firmly in seller’s market territory.
💰 Median Prices by Property Type
🏠 Single-Family
~$625K
+5% YoY
🏢 Condo
~$420K
+3% YoY
🏗️ Plex (2-5 units)
~$855K
+9% YoY
Plexes continue to outperform all other categories, driven by investor demand and strong rental fundamentals. With average rents in Montreal up 6-8% year-over-year, the income potential of plexes justifies the premium. Condos show the most moderate growth, as elevated new construction inventory provides buyers with more options.
⏱️ Days on Market and Market Type Indicators
45 days
Single-family avg. DOM
55 days
Condo avg. DOM
35 days
Plex avg. DOM
The sales-to-new-listings ratio of 62% indicates a seller’s market (above 60%). For plexes specifically, the ratio exceeds 70%, signaling strong competition among buyers. Multiple-offer situations remain common for well-priced single-family homes and plexes, particularly in central neighbourhoods.
🔥 Hottest Areas in Montreal
🔥 Rosemont–La Petite-Patrie — Median single-family $720K (+7%), under 30 days on market
🔥 Villeray–Saint-Michel — Strong plex demand, median duplex $780K, multiple offers frequent
🔥 Verdun–LaSalle — Waterfront appeal, condo median $395K, family homes $610K
🔥 Pointe-aux-Trembles — Affordability draw, single-family median $480K (+8%), popular with first-timers
🔥 Saint-Laurent — Diverse housing stock, strong rental demand, plex median $820K
🔮 Spring 2026 Outlook
The spring 2026 market is set to be one of the most active in recent years. The Bank of Canada is expected to hold or lower its policy rate further (currently 3.0%), which should keep fixed mortgage rates in the 3.5-4.0% range. This improved affordability, combined with Montreal’s strong population growth (immigration + interprovincial migration), points to continued price appreciation of 3-6% across all categories through the summer.
Key risk factors include potential tariff-related economic slowdown, which could dampen consumer confidence, and a possible surge in new listings as sellers try to capitalize on strong prices. For buyers, acting early in the spring (March-April) offers less competition than the peak May-June period. For sellers, the current low-inventory environment favours listing now.
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