Montreal Area Home Sales Climb as Market Shows Renewed Activity

Home sales in the Greater Montreal region climbed in the latest reporting period, signaling a resurgence of activity in the local real estate market after a period of relative stagnation. The increase in transaction volume suggests that more buyers and sellers are engaging with the housing market, which could reflect improving affordability conditions and growing confidence among participants as the year begins.

The rise in sales was especially notable in single-family homes, where demand has broadened beyond entry-level buyers to include those trading up or relocating within the region. Historically, Montreal’s housing market has balanced solid fundamentals with comparatively less volatility than other major Canadian cities, but recent economic pressures and high borrowing costs had previously weighed on activity. The latest uptick indicates that market dynamics may be adjusting as prospective buyers test price levels and sellers respond accordingly.

Condominium units also contributed to the overall increase, buoyed by strong interest from both first-time buyers and investors drawn to urban living options. Condos in central neighbourhoods and transit-oriented areas appeared particularly active, with increased inquiries and faster turnaround times for listings compared with the months prior. This shift suggests that lifestyle preferences continue to evolve, with more buyers seeking walkable locations and access to amenities.

While the volume of transactions rose, average selling prices remained relatively stable for the period, indicating that the market is not overheating but instead exhibiting measured growth. Some neighbourhoods recorded modest price gains, while others showed flat or slightly lower averages, reflecting a patchwork of sub-market conditions rather than broad-based inflation in valuations. This pattern is consistent with a balanced market where neither buyers nor sellers overwhelmingly dictate terms.

Real estate professionals attributed part of the increased sales activity to seasonal effects, as buyers who delayed moves during the winter months begin to re-enter the market in early 2026. A sense of urgency around locking in financing ahead of anticipated interest-rate moves may have also prompted some households to advance their purchase plans. At the same time, sellers who had previously held off listing their properties appear more willing to test the market, contributing to broader inventory availability and transaction momentum.

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Despite the rise in sales, some segments of the market remain sensitive to affordability constraints. High borrowing costs and elevated living expenses continue to deter certain buyer groups, particularly first-timers navigating down-payment challenges. As a result, affordability remains a key factor shaping purchase decisions and influencing where and what type of homes buyers target.

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In summary, the Montreal area housing market showed an increase in sales activity, supported by both single-family and condominium segments, while prices held steady overall. The data point to a market gaining momentum with balanced conditions — a scenario that should attract attention from both buyers and sellers as 2026 progresses. If you’d like a brief snapshot of current average prices and inventory trends for specific neighbourhoods, I can provide that too.