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As someone who closely tracks both residential and commercial real estate trends across Laval and beyond, I’m interested to see how Canada’s housing market is setting its sights on recovery by 2027. Recent signs—like improved resale activity, steady inventory, and more stable prices—suggest some renewed confidence among buyers, especially as affordability and employment conditions strengthen. What stands out is the number of buyers who’ve been waiting on the sidelines; with better savings and job stability, many are now in a position to re-enter the market. For 2026, forecasts indicate resales may dip about 4% to roughly 453,000, and benchmark prices could decrease by 2% to around $794,000. Modest gains are anticipated from 2027 onward. With borrowing costs near their lows and the central bank expected to hold rates steady, the environment remains supportive, though external pressures like trade disputes and energy shocks could still influence momentum. The outlook points to a gradual lift in both resales and prices across all provinces in 2027, but it’s expected to be an uneven recovery rather than a dramatic transformation.

Navigating the Quebec real estate market means balancing timing, affordability, and market sentiment—an experience many of my clients in Laval and nearby regions know well. According to recent data, 61% of Quebec buyers feel there’s no ideal moment to purchase, and 74% find current economic uncertainty makes the timing of a move even harder as we look toward 2026. Yet even with these concerns, demand remains: 26% of buyers planning to purchase within two years believe now is the right time. Affordability is a key focus, with 58% feeling that lower prices could make ownership more accessible, and 54% hoping that reduced interest rates will create new opportunities. Despite these hopes, the competitive edge is still strong—57% see it as a seller’s market compared to just 12% calling it a buyer’s market. Many are feeling the pressure to act quickly, with 53% expecting only a brief window before prices rise again and 49% anticipating higher rates this year. As a licensed residential and commercial real estate broker, I help clients weigh these trade-offs and make informed decisions, drawing on an understanding of both the broader trends and the nuances of our local market.

As someone deeply engaged in Montreal’s residential and commercial real estate landscape, I’ve noticed a clear trend: renters are gravitating toward vibrant, high-amenity neighborhoods—especially those with excellent transit, a lively nightlife, and a strong sense of community. Early Q2 2026 data makes it evident: Le Plateau-Mont-Royal remains a top choice for its unique mix of walkability, dining, and culture, though its historic buildings often mean smaller units and higher rents compared to the city average. For context, the city-wide average for a one-bedroom is around C$1,600, while high-demand areas are closer to C$2,100. Le Sud-Ouest stands out at about C$2,400 for 574 sq-ft, and West Island offers roughly 688 sq-ft for C$2,200. The contrast between these two spots really underlines how many renters are willing to trade space for neighborhood character and access. I’m also seeing a notable uptick in interest for short-term rentals and extended stays, particularly in mixed-use boroughs that go beyond the usual hotel hubs. It’s a dynamic shift that reflects how lifestyle priorities are shaping Montreal’s rental market in real time.

The federal government’s recent commitment of $150M toward 435 new rental units on Sherbrooke Street East, close to L'Assomption station, marks a significant investment in Montreal’s housing landscape. Designed as a complete living environment, this project integrates common spaces, local shops, and amenities to encourage an active lifestyle. The emphasis on green-building certification, energy efficiency, and overall sustainability within a transit-oriented setting in the Assomption Nord sector is especially noteworthy. This initiative is more than just new construction—it’s part of a larger revitalization of Assomption Nord, bringing enhanced services, community spaces, and improved access to public transit. The development’s financing—$150M in federal support alongside $40.45M from the developer—demonstrates what’s possible through public-private collaboration in expanding rental options in eastern Montreal. As a real estate broker who knows the importance of well-planned, accessible living spaces, I see this as a promising step for both current and future residents of our city.

Reflecting on the early third quarter, the Montreal CMA saw 3,340 residential transactions—a 10% decrease compared to last year. This trend spanned all property types and major sectors, pointing to a broad market adjustment. Interestingly, despite slower sales, prices continued to climb: plexes led the way with a 6% rise to $865,000, while single-family homes averaged $650,000, and condos reached $431,500. On the supply side, sellers had more options, with new listings up 4% to 5,260 and total inventory increasing 17% to nearly 19,800 units. Condos adjusted to these changes more quickly, yet both single-family homes and plexes also experienced reduced sales and higher supply, though sellers in those categories retained some negotiating power. The latest board data links these shifts to tempered demand, a fragile economic climate, and demographic changes—especially recent population declines in the Montreal region. As a licensed residential and commercial real estate broker, I keep a close eye on these movements to support clients navigating an evolving market in Laval and surrounding areas.

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.

While much of Canada saw affordability improve in Late-Q2 2026, Montreal told a different story. In fact, we were one of only four metro areas where affordability slipped—driven primarily by continued increases in home prices throughout the quarter. Unlike other cities that benefited from price drops, Montreal’s unique price momentum meant that ownership costs kept climbing, even as national trends pointed to relief for buyers. For anyone looking to purchase in Montreal, it’s a reminder to keep a careful eye on pricing—rising values can erode affordability, even when broader market signals seem positive. With little relief expected from mortgage rates, it’s clear that stable home prices and income growth are what will make the difference for buyers in our region. As a licensed residential and commercial broker serving Laval and the surrounding areas, I’m always monitoring these shifts to help clients navigate a market that doesn’t always follow the national script.