The Montreal real estate market showed no signs of cooling in August 2025, as sales and home prices continued to climb despite a slowdown in the broader Quebec economy.
According to the Quebec Professional Association of Real Estate Brokers (QPAREB), 3,330 residential sales were recorded across the Greater Montreal area last month — a 12 per cent increase compared to August 2024. It was the most active August since 2021 and the 20th consecutive month of growth in Montreal housing sales.
Strong demand across property types
All major sectors of the Montreal area posted year-over-year sales increases. The plex market was especially active, with 365 transactions in August, up 23 per cent from a year earlier.
Listings rose modestly, with 17,515 properties for sale across Greater Montreal, a 4 per cent increase from August 2024. Most of that growth came from condominiums, where supply rose 12 per cent. Despite the slight increase, QPAREB said market conditions remain firmly in favour of sellers.
Montreal home prices keep climbing
Home prices continued to rise across the region. The median price of a single-family home in Montreal reached $633,250 in August, up 7 per cent year-over-year. Gains were strongest on the Island of Montreal and in Vaudreuil-Soulanges (both up 10 per cent), followed by the North Shore (up 8 per cent) and Saint-Jean-sur-Richelieu (up 7 per cent).
Over the first eight months of 2025, Montreal home prices increased 9 per cent for single-family houses, 8 per cent for plexes, and 6 per cent for condominiums.
“Montreal’s exceptionally dynamic residential real estate market continues to be driven by a number of factors that have consistently stimulated demand since the end of last year,” said Charles Brant, QPAREB’s Director of Market Analysis. “These include lower interest rates and the possibility of extending the amortization period to 30 years under certain conditions.”
Brant added that first-time homebuyers are struggling to keep pace, with repeat buyers driving much of the demand by leveraging existing real estate assets.
“Central Montreal neighbourhoods and other affluent areas are posting the strongest growth in sales,” he said.
Market defies economic slowdown
The housing market’s strength comes despite signs of a cooling economy. Statistics Canada confirmed that national economic activity declined in the second quarter of 2025, while Quebec’s GDP has been on a downward trend since April, according to Quebec’s statistics institute.
READ MORE: Unemployment rate climbs to 7.1 per cent in August as economy loses 66,000 jobs
Even so, analysts say Montreal real estate sales and prices are defying the economic slowdown, keeping the market one of the most competitive in the country.
