Home sales in the Montreal area rose by 10.2% in May 2025 compared to May 2024, marking the third consecutive month of year-over-year growth. Median prices for all housing types also increased, with single-family homes up 8.7% to $625,000, despite ongoing economic uncertainty and stable mortgage rates.
Montreal home sales, prices rise in May despite economic uncertainty
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TL;DR: Key points with love ❤️Home sales in the Montreal area rose by 10.2% in May 2025 compared to May 2024, marking the third consecutive month of year-over-year growth. Median prices for all housing types also increased, with single-family homes up 8.7% to $625,000, despite ongoing economic uncertainty and stable mortgage rates.
- 1 May 2024: Baseline for comparison of sales and prices.
- 2 May 2025: Home sales up 10.2% year-over-year; median prices increased across housing types.
- 3 June 9, 2025: Report on May's real estate activity published.
- Increased housing costs for buyers in the Montreal area.
- Continued strong real estate market activity in Montreal.
- Potential for ongoing affordability challenges for residents.
What: Home sales and prices in the Montreal area increased significantly in May 2025.
When: May 2025 (compared to May 2024). This marks the third straight month of year-over-year sales growth. The report was published on June 9, 2025.
Where: Montreal area, Quebec, Canada.
Why: Despite ongoing economic uncertainty and mortgage rates remaining stable, the Montreal real estate market shows no signs of slowing down, with strong demand leading to price growth and a notable number of homes selling above asking price.
How: Data on home sales, new listings, active listings, and median prices for various housing types were collected and analyzed by the Quebec Professional Association of Real Estate Brokers.