Montreal-area home sales down nearly 7% in May amid economic pressures: board
The board said 4,623 homes changed hands as rising unemployment and affordability pressures cooled demand.
- Montreal CMA residential property sales fell 6.8% in May compared to May 2025, with 4,623 properties changing hands despite median prices rising across all categories.
- Market analysis director Charles Brant of The Quebec Professional Association of Real Estate Brokers attributes the decline to deteriorating labor market conditions and declining population growth affecting the region for several months.
- Median prices rose 6.1% for plexes to $875,000, 3.2% for single-family homes to $645,000, and 0.6% for condominiums to $430,000 year-over-year.
- New listings totalled 7,564 in May, up 1.5% year-over-year, while total inventory rose 13.7% to 21,073 units, marking the 10th consecutive month of supply growth.
- Senior economist Hélène Bégin noted the Montreal CMA resale market shows signs of slowing, as affordability challenges likely contributed to greater caution among buyers despite abundant inventory.
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Real estate is affected by the deterioration of the labour market and a change in demographic trends "for several months," explains APCIQ.
Housing sales in the Montreal area declined by 6.8% in May compared to the same period last year, while the provincial real estate association reported that median prices continued to rise.
St Catharines Standard
Quebec City CMA: Sales Reach High in May as Property Supply Rebounds
QUEBEC CITY, June 04, 2026 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of May 2026. The most recent market statistics for the Quebec…
Winnipeg Free Press
Montreal-area home sales down nearly 7% in May amid economic pressures: board
MONTREAL - Montreal-area home sales fell 6.8 per cent on a year-over-year basis in May as the province's real estate board says median prices continued to rise.
Inside Ottawa Valley
Simcoe.comMontreal CMA: Sales Continue Their Gradual Decline as Price Pressures Ease
L’ÎLE-DES-SŒURS, Quebec, June 04, 2026 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of May 2026. The most recent market statistics for the Montreal…
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