Montreal's condo market is experiencing a notable shift, with early Q3 data revealing some clear trends. There were 3,300 residential sales and 5,300 new listings, which means buyers have a broader selection, even as overall activity slows down. Inventory climbed to 19,800 active units, with the most significant increase seen in condominiums, then plexes, and single-family homes. Despite these changes, prices have remained steady: plexes at $865,000, single-family homes at $650,000, and condos at $431,500. The average time on market stretched to 38 days for single-family homes, 55 for condos, and 46 for plexes. What’s particularly interesting is that the pressure from increased condo supply is now extending beyond central Montreal, opening up new options in less central areas. As a real estate broker who works across the Greater Montreal area, including Laval, I’m closely watching how this evolving landscape creates new opportunities for both buyers and sellers.
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