Home sales in the Montreal metropolitan area fell by 10% in July 2026 compared with the same month a year earlier, while property values increased across every category, according to the Quebec real‑estate board.
The board’s July report showed a uniform rise in prices for single‑family homes, townhouses, condos and other residential types, even as the total number of transactions declined. The 10% drop in sales marks the most pronounced year‑over‑year decrease for the month since the board began tracking the data.
Analysts described the pattern as a market adjustment phase, indicating that buyers are responding to higher price levels by postponing purchases or seeking alternatives. Despite the slowdown in transaction volume, the upward pressure on prices suggests that demand remains robust enough to support higher valuations.
The board’s data covers the broader Montreal region, encompassing the city and surrounding suburbs. No additional details on the absolute price levels or the size of the price increases were released, but the consistent rise across all property types points to a broadly based upward trend.
The decline in sales occurs against a backdrop of ongoing economic factors influencing the housing market, including interest‑rate movements and inventory constraints. While the report does not link the sales dip to any single cause, the board’s characterization of the situation as an adjustment phase implies that the market may be recalibrating to current conditions.
Stakeholders, including real‑estate professionals and prospective buyers, are likely to monitor the next month’s figures to see whether the sales dip persists or if the market stabilises as price growth continues.
The Quebec real‑estate board will release its next set of monthly statistics in August, providing further insight into whether the current trends represent a temporary fluctuation or a longer‑term shift in the Montreal housing market.