Montreal's housing adjustment deepens as condo supply mounts

New listings in July totalled 5,260, up 4.1% year-over-year. That pushed active inventory to 19,790 units, 17% above July 2025 levels and 9% above the historical average for the month.

The supply surge was sharpest in the condominium segment, where listings rose 20% from a year earlier. Plexes followed at +14%, with single-family homes adding 13%.

Prices hold, but time on market stretches

Despite weakening demand, median prices continued to rise across all property types. Plexes led gains with a 6.1% increase to $865,000.

Single-family homes rose 4% to a median of $650,000, while condominiums edged 1.5% higher to $431,500.

Selling timelines lengthened for most properties. Single-family homes averaged 38 days on market — three days more than July 2025 — while condominiums took 55 days, a nine-day increase.