Montreal home sales decline 7% in April as price pressure continues

Montreal —
Home sales in the Greater Montreal area declined by 7% in April compared to the same month last year, as buyers remain cautious amid rising prices and economic uncertainty.

There were 4,744 real estate sales recorded during the month, compared to 5,102 sales in April 2025, bringing activity close to its historical average despite the market entering the spring period, which is usually one of the most active times of the year.

The Quebec Real Estate Brokers Association said demand is still affected by high price levels, especially for first-time buyers, in addition to concerns related to the economic slowdown, geopolitical tensions, and trade with the United States.

Despite the slowdown in sales, prices continued to rise across all categories. The median price for "plex" properties increased by 3.7% to $865,000, while the price of single-family homes rose 3.2% to $645,000, and the price of apartments increased slightly by 0.2% to $425,000.

The number of new listings also rose by 9.1% to 8,241 properties, while the total supply increased by 14.9% to 20,959 units offered for sale.

This shift indicates that the market has started to become more balanced compared to the previous period, but conditions still favor sellers, with prices remaining at levels that pose a clear challenge to affordability.