Montreal Housing Market Reaches Record High: Average Price at $687,134 in October 2025

Montreal Home Prices Surge to $687,134, Setting a New Record in October 2025

The Montreal housing market achieved a new milestone in October 2025, with the average home price reaching an all-time high of $687,134. This figure marks a significant 9.1% increase compared to the same month the previous year and a 1.5% rise from September 2025. The market's resilience is further underscored by a 3.8% increase in home sales, totaling 3,968 units. New listings also saw a boost, rising by 7.3%, which suggests robust demand amid a more moderated supply. According to WOWA.ca's report, Montreal maintains its position as one of Canada's most resilient housing markets as we approach the end of 2025.

Single-Family Homes and Plexes Lead the Market Growth

The surge in Montreal's housing market is primarily driven by single-family homes and plexes. According to the Quebec Professional Association of Real Estate Brokers, single-family home sales increased by 8% year-over-year, with the median price climbing to $632,000. Plexes witnessed a remarkable 20% rise in sales, with the median price reaching $850,000, up 7.7% from the previous year. Condominiums, however, experienced a 4% decline in sales, although their median price increased by 3.6% to $429,000. The disparity in sales performance suggests a shift in buyer preference towards more spacious housing options.

Interest Rate Cuts Fuel Buyer Affordability and Market Recovery

The Bank of Canada's recent interest rate cuts have played a crucial role in enhancing buyer affordability, thereby contributing to the market's upward trajectory. As noted in the RBC Economics report, these rate cuts in September and October have improved the overall affordability for potential buyers, spurring increased market activity. This policy shift has been a key factor in the ongoing recovery of Canada's housing market, with Montreal showing a particularly strong momentum, as evidenced by a 6.7% annual increase in the market index.

Comparative Analysis of Montreal's Housing Prices

As illustrated in the table above, different property types in Montreal have demonstrated varied pricing trends. While single-family homes and plexes show robust price increases, condominiums still reflect a modest rise, indicating differing demand dynamics within these segments.

Increased Listings Reflect Seller Confidence

The increase in new listings by 7.3% to 6,568 units in October 2025 suggests growing seller confidence in the Montreal market. This increase is primarily attributed to an uptick in condominium listings, as detailed in the Financial Post report. The rise in active listings, reaching a total of 19,001 properties, indicates sellers are capitalizing on the favorable market conditions to list their properties. However, despite the increase in supply, demand remains strong, driven by improved affordability and sustained buyer interest.

Future Implications for Investors and Market Stakeholders

Looking forward, the Montreal housing market is poised to maintain its momentum into 2026. The recent policy changes, including interest rate reductions, have created a more favorable environment for buyers, while the steady price increases signal a healthy market. For international investors, Montreal offers a stable and attractive opportunity, with potential for rental income and capital appreciation. According to Nesto.ca, the average rent in Montreal, while slightly down year-over-year, still positions the city as a viable market for rental investments. As the market evolves, stakeholders would benefit from monitoring interest rate trends and economic conditions that could influence future growth dynamics.