Montreal-area condominium sales listings surged 20% in February, pushing supply slightly above its historical 10-year average, says a new Quebec Professional Association of Real Estate Brokers (QPAREB) report.

Listings of single-family homes and plexes also increased, rising 5% and 6% respectively, according to according to QPAREB’s latest data based on the Centris provincial database.

In February, 3,930 residential transactions were recorded across the Montreal region, a 3% decrease compared with the same month in 2025. By property category, plexes were the only segment to post growth with 363 sales, up 1%. Single-family homes recorded 2,056 transactions, down 1%, while condominium sales declined 7% to 1,505 units.

Geographically, the Island of Montreal was the only area where sales remained stable, while other major markets posted declines ranging from 1% on the North Shore to 9% in Laval, Que.

Prices continued to rise across all property categories. The median price of a single-family home reached $639,000, up 7% year over year. Condominiums posted a median price of $430,000, up 2%, while plexes recorded the strongest gain with a median price of $850,000, up 8%.

Selling times also shortened across the market, averaging 39 days for single-family homes, 48 days for plexes and 53 days for condominiums.

“February’s data confirms that the Montreal [Census Metropolitan Area] residential market is entering a sales stabilization phase, with activity levels slightly above the historical average for this time of year, along with a gradual rebalancing in the condominium segment,” said Charles Brant, QPAREB’s market analysis director.

He added that the adjustment is being supported by the significant rise in condo listings, which are now well above historical averages on the Island of Montreal and approaching typical levels in several peripheral markets, particularly on the South Shore.

Helped by an increase in the cumulative inventory of unsold new condo units between 2024 and 2025, the growing supply is giving buyers more choice as the spring market approaches.

“By contrast, on the North and South Shores, the single-family home market remains tight, which continues to limit transactional activity despite sustained demand,” said Brant. “The plex segment, particularly on the South Shore, is maintaining solid momentum.”

Overall, the Montreal market is trending toward a more sustainable pace, particularly in the condominium segment, with activity and price growth increasingly aligned with household financial capacity and local market conditions, said QPAREB.

Pictured: Buildings in Montreal.

Photo: Liam Hill-Allan/Shutterstock.com