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Montreal-area home sales down 8% in June as listings rise

Published July 7, 2026 at 2:51 AM UTC

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In June, the Montreal real estate market experienced a notable decline in home sales, with transactions dropping by 8% compared to the same month last year. This downturn coincided with an increase in property listings, indicating a shift in market dynamics. The Quebec Professional Association of Real Estate Brokers (QPAREB) reported that the number of active listings rose by 5% during the same period, suggesting that more homeowners are opting to sell their properties. Despite the uptick in listings, the heightened supply did not translate into increased sales, raising questions about buyer demand and market conditions. Experts attribute the decline in sales to several factors, including rising mortgage rates, economic uncertainty, and affordability challenges. The Bank of Canada has implemented consecutive interest rate hikes to combat inflation, leading to higher borrowing costs for prospective buyers. Additionally, concerns about the broader economic outlook have made consumers more cautious, further dampening demand. Affordability remains a significant issue, as home prices in the Montreal area have been on an upward trajectory, outpacing wage growth and making it more difficult for many to enter the market. The combination of these factors has created a challenging environment for both buyers and sellers. Real estate professionals suggest that the market may continue to experience volatility in the coming months. They recommend that potential buyers and sellers stay informed about market trends and consult with real estate experts to navigate the evolving landscape effectively. The QPAREB emphasized the importance of understanding local market conditions and being prepared for potential fluctuations. In summary, the Montreal real estate market in June faced a decline in home sales amid rising listings, influenced by higher mortgage rates, economic uncertainty, and affordability challenges. Stakeholders are advised to monitor these trends closely and seek professional guidance when making real estate decisions.