Buying a property in Montréal: 2026 guide
Updated on 19 October 2026
Montréal has about 1.76 million residents spread across 19 very different boroughs. Most purchases are condos and plexes: single-family homes are rarer in the centre and are found more in the west and east of the island. Here are the essentials for choosing your area and preparing your budget.
At a glance
Population (2021 census)1,762,949 residents
Renter households (Island of Montréal)About 60%
Boroughs19
The real estate market
| Property type | Median price | Sales | Year-over-year |
| Single-family home | $812,000 | 1,002 sales | +2% |
| Condominium (condo) | $477,000 | 1,728 sales | stable |
| Plex (2 to 5 units) | $902,500 | 614 sales | +3% |
Source: Centris, Q3 2026 (July to September). Island of Montréal. Median prices and change compared with the same quarter of 2025.
Areas to know
Le Plateau-Mont-Royal
Central neighbourhood made up mostly of condos and plexes. Single-family homes are rare (median of about $1.38M).
Rosemont–La Petite-Patrie
Active market for condos (median of about $560,000) and plexes (about $987,000), with few single-family homes.
Villeray–Saint-Michel–Parc-Extension
One of the areas where plexes are most common, with more affordable prices than the Plateau (plexes around $856,000, condos around $498,000).
Ville-Marie (downtown)
Market almost entirely made up of condominiums (median of about $459,000). Selling times are longer here than elsewhere.
Le Sud-Ouest and Verdun
Recent condos near the Lachine Canal and the river, plexes on residential streets. In Verdun and on Nuns’ Island, the median condo is around $600,000.
Ahuntsic-Cartierville and Saint-Laurent
A more balanced market between condos, plexes and single-family homes. Saint-Laurent has many houses (median of about $898,000).
Pierrefonds-Roxboro and the West Island
Residential area of houses, served by the Sunnybrooke and Pierrefonds-Roxboro REM stations (Deux-Montagnes branch); the Anse-à-l’Orme branch has also served the West Island since May 2026. Some streets are in flood zones: check before buying.
Medians by sector: last 4 quarters (Centris).
Transit
The metro has 4 lines and 68 stations. The REM serves the South Shore (since 2023), Deux-Montagnes (since November 2025) and the West Island (since May 2026); the airport branch is planned by the end of 2027. Five exo train lines connect Montréal to the suburbs (Vaudreuil–Hudson, Saint-Jérôme, Mont-Saint-Hilaire, Candiac and Mascouche).
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Education
McGill University, Université de Montréal, UQAM, Concordia University, HEC Montréal, Polytechnique Montréal, ÉTS.
Health
CHUM, McGill University Health Centre, CHU Sainte-Justine, Jewish General Hospital, Hôpital du Sacré-Cœur, Hôpital Maisonneuve-Rosemont.
Map
Choose what you want to see around Montréal.
Welcome tax and grants
Montréal applies additional brackets for properties over $1.1M, up to 4% above $3,113,000.
Broker tips
- For a plex, check the current leases, the rents and the condition of the units: they determine the financing.
- Each borough has its own zoning rules (accessory dwelling, extension): find out before buying if you plan to make changes.
- The City’s RénoPlex program can fund part of the renovations of a building with 1 to 5 units.
Frequently asked questions
What is the median price of a house in Montréal?
In Q3 2026, the median price of a single-family home on the Island of Montréal was $812,000, according to Centris statistics. A condo sold for $477,000 and a plex for $902,500.
Where are the least expensive condos in Montréal?
Over one year, the lowest condo medians include Ahuntsic-Cartierville (about $423,000) and Ville-Marie (about $459,000), according to Centris.
How much is the welcome tax in Montréal?
It depends on the price: from 0.5% on the first bracket up to 4% above $3,113,000. First-time buyers can recover up to $5,875 through Québec’s refundable tax credit for home buyers. The credit is reduced when the property’s value exceeds $750,000 and is zero at $1,000,000.
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Other guides : Laval · Longueuil · Brossard · Terrebonne · Repentigny · Blainville · Vaudreuil-Dorion · Saint-Laurent · Ahuntsic-Cartierville · Saint-Léonard · Pierrefonds-Roxboro · Dollard-Des Ormeaux · Pointe-Claire · Mirabel · Châteauguay
Sources