Looking ahead to 2027, Montreal's real estate landscape is showing steady progress. MLS sales are projected to reach 46,500, a slight increase from 2026, indicating a gradual strengthening in demand throughout the city. Average property prices are anticipated to hover around $685,000, pointing to ongoing, moderate appreciation as Quebec’s housing market remains relatively balanced. For tenants, the outlook is encouraging—rental vacancy rates are expected to rise to 4.8%, thanks to significant new supply easing the pressure in the metropolitan area. Housing starts should remain robust at about 22,000 new units, even as apartment construction moderates. As someone who serves both residential and commercial clients in Laval and beyond, I keep a close eye on these trends to help my clients navigate their next real estate move with confidence.

Canada’s housing affordability continues to be a significant challenge, even after steady improvements over the past eleven quarters. In Q2 2026, affordability stood at around 41%, thanks to lower prices, reduced borrowing costs, and rising incomes. Despite a roughly 13 percentage point improvement since the peak, owning a home still means that about two-fifths of the average household income goes toward housing. It’s important to note that the official measure uses average disposable income, which doesn’t always reflect what many families actually experience—median incomes often paint a different picture. According to a bank economist, these changes have been driven by earlier rate cuts, a national price drop of about 20% since 2022, and stronger personal incomes. However, with income growth expected to remain slow and limited relief from interest rates on the horizon, future improvements may rely more on further price adjustments. As someone who works with both residential and commercial buyers and sellers in Laval and the surrounding regions, I keep a close eye on these affordability trends to support clients in making informed decisions.

We're seeing early signs of stability in Canada’s rental market. As of early Q3, the average asking rent sits around $2,000—a slight dip of about 4% year-over-year, but a modest increase of less than 1% month-over-month. This marks the smallest annual decrease since early Q1 2026. While rents had been declining for 22 consecutive months, the past four months have seen consistent monthly gains after hitting a near three-year low. This suggests some seasonal momentum, particularly as we enter the back-to-school period, and hints at a market that’s beginning to steady.

Purpose-built rentals have shown the most resilience, with rents holding close to $2,000—down just 3% from last year—and three-bedroom units remaining stable. Meanwhile, condo apartments saw a decrease of about 6%, and houses and townhomes dropped roughly 8%. National apartment and condo rents both averaged around $2,000 in early Q3, up slightly from late Q2. Toronto is especially notable, with rental listings down 6% year-over-year and rents approaching positive growth.

Right now, the overall trend is stabilization rather than recovery. Seasonal demand may help maintain this momentum, and Toronto is emerging as a key market to watch for future shifts. As a licensed residential and commercial broker, I keep a close eye on these movements to guide clients through changing conditions in Laval and beyond.

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It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
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For those keeping an eye on Quebec's rental landscape, here’s an early look at the 2027 rent estimate: the increase is currently projected at 2.4%. The province’s updated rent-setting formula has certainly brought more predictability—components are fixed, weightings are clear, and there are fewer moving targets. The most significant factor now is Quebec’s three-year average CPI, which has taken the place of past calculations covering energy, maintenance, services, and management fees. For 2027, this CPI is based on 2024, 2025, and 2026 data, and with most of 2026 already reported, the rent increase is settling around mid-2%—though there’s still room for adjustment as more data comes in. Remember, the final rent adjustment will also depend on each property’s actual 2026 expenses, a standard 5% allowance for major works, and any changes to school, municipal, or insurance costs. As a licensed residential and commercial real estate broker, I monitor these shifts closely to ensure clients are well-informed, whether you’re an owner or a tenant in regions like Laval.