Ville-Marie condo market — August 2026
Based on 36 actual sales · CourtiConnect
Market context: condo in Ville-Marie
The Ville-Marie condo market in August 2026 recorded 36 sales transactions, establishing a median price of $654,250 and an average price of $807,476. This neighbourhood remains notably more expensive than Montréal as a whole, commanding a premium of 12.9 percent above the city's trailing twelve-month median condo price of $579,500. The data set reflects a 90 to 95 percent statistical confidence level, providing a solid foundation for understanding market dynamics in this central downtown sector. However, the six-month trend tells a more complex story: the neighbourhood median has contracted by 37.7 percent over that period, signalling a significant correction from earlier valuations and suggesting that buyers have adopted a more cautious stance toward pricing expectations. The average days on market for condos in Ville-Marie stands at 123 days, revealing a market where inventory typically spends considerable time before securing a buyer. This extended marketing period indicates that the pace of sales has slowed materially, with properties remaining available for roughly four months on average before closing. Such a timeline reflects reduced buying urgency and suggests that sellers have had to adjust expectations or improve positioning to attract serious offers in the current environment. The sale-to-asking price ratio, documented across 35 sales transactions, measures 0.931, meaning that buyers are securing purchases at approximately 6.9 percent below asking price on average. This figure demonstrates meaningful buyer leverage in the current market, as properties are not commanding full asking prices and negotiation power has shifted notably toward the purchaser side of the transaction. The building stock in Ville-Marie spans multiple construction eras. Approximately 25 percent of sales involved properties built before 1980, reflecting the neighbourhood's older heritage stock. The plurality of transactions, representing 47 percent of sales, involved buildings constructed between 1980 and 2010, capturing the mid-period development wave. Newer constructions after 2010 account for 28 percent of transactions, indicating that contemporary development represents a meaningful portion of the current market activity. In August 2026, approximately 14 percent of the 36 documented sales in Ville-Marie concluded without a legal warranty of quality, a situation that is entirely normal in real estate transactions and simply represents standard due-diligence practice for buyers who typically pursue professional inspections and customary legal checks. For buyers, the extended time on market and below-asking closings create a favourable negotiating environment. For sellers, the significant median price decline over six months underscores the importance of realistic pricing and property presentation to compete effectively in this slower market. To determine whether a specific property aligns with current market conditions, consider using the condo price estimator tool designed for the Montréal market.