Montreal occupies a unique position in the Canadian real estate landscape. As Quebec's largest city and Canada's second most populous, it offers a significantly lower cost of entry than Toronto or Vancouver while providing world-class urban amenities. The average resale property in the Montreal census metropolitan area sits around $550,000 in 2025 — though this figure masks wide variation between a Plateau-Mont-Royal duplex and a Laval suburban detached home.
Montreal real estate operates somewhat differently from the rest of Canada. Properties are often measured in terms of the duplex or triplex (plex) format, and the Quebec market uses a notary rather than a lawyer to close transactions. This guide covers prices, neighbourhood trends, market activity, and buyer strategy for 2025.
| Property Type | Average Price (2025) | Year-over-Year |
|---|---|---|
| Single-Family Detached | $680,000 | +3.8% |
| Duplex / Plex | $740,000 | +4.2% |
| Condo Apartment | $420,000 | +2.1% |
| All Types (Average) | $550,000 | +3.3% |
The plex (income property with multiple units) is a distinctly Montreal format. Buyers frequently purchase a duplex or triplex, live in one unit, and rent out the others. This house-hacking approach is common and financially effective, with rental income helping offset mortgage costs significantly.
| Metric | 2022 | 2023 | 2025 |
|---|---|---|---|
| Active Listings | 8,200 | 14,500 | 16,800 |
| Avg Days on Market | 28 | 58 | 52 |
| Months of Inventory | 1.8 | 5.1 | 4.2 |
| Sales-to-New Listings | 72% | 48% | 55% |
Montreal's days on market are longer than other Canadian cities because Quebec's real estate transaction process (involving a notary and pre-sale period) is inherently slower. A 52-day average DOM in Montreal is equivalent to a much shorter period in Ontario in terms of active negotiation time.
| Area | Avg Property Price | Character |
|---|---|---|
| Westmount | $1,950,000 | Prestige, anglophone |
| Plateau-Mont-Royal | $870,000 | Hip, urban, plex market |
| Outremont | $1,100,000 | Upscale, quiet |
| Rosemont | $650,000 | Popular, trendy |
| NDG (Notre-Dame-de-Grace) | $780,000 | Anglophone, family |
| Laval (North Shore) | $510,000 | Suburban, family |
| Longueuil (South Shore) | $480,000 | Suburban, affordable |
| Brossard (South Shore) | $620,000 | Growing, diverse |
Montreal's real estate market has several Quebec-specific features that buyers should understand:
Montreal is expected to see price growth of 3–5% through 2025. Rate cuts have re-energized buyer activity after a quiet 2023. The market is also benefiting from increased immigration to Quebec, with the provincial government's French language requirement driving some immigrants specifically to Quebec cities.
The plex market remains in strong demand as investors and owner-occupants compete for income properties. Single-family detached homes on the island of Montreal are relatively rare and command premiums. Suburbs like Laval and Brossard offer significantly better value and are growing strongly.
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Open KOHO Free — Code 45ET55JSYAThe average resale price across all property types in Greater Montreal is approximately $550,000 in 2025. Condos average around $420,000 and plexes average $740,000.
The balanced market conditions with moderate inventory and stabilizing prices make 2025 a reasonable time to buy in Montreal, particularly for buyers who plan to hold for 5+ years.
The Welcome Tax (Taxe de bienvenue) is Quebec's land transfer tax. On a $550,000 purchase, it is approximately $7,500–$8,000. First-time buyers do not receive an exemption in Quebec.