Montreal real estate sales fall 7% in May 2026 as inventory rises

In May 2026 the Montreal Census Metropolitan Area recorded 4,623 residential sales, a 7 % drop from May 2025. All property types saw fewer transactions: plexes fell 5 %, single‑family homes 6 % and condominiums 8 %. Supply continued to increase for the tenth month, with active listings rising 14 % to 21,073. Condominium inventory grew the fastest at 19 %, while single‑family homes and plexes rose 9 % each.

Despite the higher supply, median prices edged up compared with the previous year: single‑family homes +3 %, plexes +6 % and condos +1 %. Days on market shortened for single‑family homes (30 days) and plexes (39 days) but lengthened for condos to 47 days, seven days longer than before.

Analysts linked the slowdown to a weakening labour market and demographic shifts. The Greater Montreal unemployment rate rose from 6.3 % in January to 7.7 % in April, the highest level since 2016, prompting greater buyer caution. Recent immigration‑related restrictions have also dampened population growth, further moderating demand. Sellers retain an advantage overall, though condominium markets in central neighbourhoods have become more balanced and downtown Montreal now favours buyers.