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Real Estate Newsletter · October 2026
Miroldo P Noel Fils
Residential Real Estate Broker · eXp Realty
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| September 2026 market data (QPAREB / Centris) |
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Hello,
Fall has settled in and the real estate market is still in transition. Here are the key September 2026 numbers for Greater Montreal and the Quebec City area, the latest on mortgage rates, and a practical tip, whether you are planning to buy, sell, or simply keep an eye on your home’s value.
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Market at a glance
More choice, fewer sales, prices holding firm. In the Montreal CMA, sales fell 12% in September while the number of properties for sale jumped 20% year over year. Even so, median prices held steady for single-family homes and condos.
According to the QPAREB, sellers still have the edge for single-family homes in every major sector of the Montreal CMA, while condos on the Island of Montreal now sit “at the border between a balanced market and a buyer’s advantage.” In Quebec City, supply remains tight and prices keep climbing.
“The recovery in the number of available properties is initially easing the scarcity of supply and widening the choice for potential buyers,” says Hélène Bégin, Senior Economist at the QPAREB (translated).
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Montreal CMA — September 2026
Change vs. September 2025 · Source: QPAREB via the Centris system
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Active listings
21,793
▲ 20%
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Median price · single-family
$635,000
Stable (0%)
41 days (+1)
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Median price · condo
$430,000
Stable (0%)
65 days (+17)
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Median price · plex
$861,000
▲ 3%
56 days (+9)
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Conditions: seller’s advantage for single-family homes; condos rebalancing, especially on the Island of Montreal. Sales by category: single-family −9%, condo −14%, plex −16%.
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Quebec City CMA — September 2026
Change vs. September 2025 · Source: QPAREB via the Centris system
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Active listings
2,530
▲ 35%
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Single-family selling time
32 days
+13 days
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Median price · single-family
$475,000
▲ 5%
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Median price · condo
$335,000
▲ 6%
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Median price · plex
$593,000
▲ 13%
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Conditions: clearly a seller’s market. Supply is rising, but inventory remains far below its 10-year average (−54% in Q3, according to the QPAREB).
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Spotlight on our areas
Single-family homes, September 2026 vs. September 2025 · Source: QPAREB / Centris
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North Shore · median price
$580,000
Stable (0%)
Sales −5%
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Laval · median price
$649,000
▲ 8%
Sales −9%
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North Shore · listings
3,465
▲ 30%
all categories
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Mortgage rates
| Bank of Canada policy rate (held Sept. 2, 2026) |
2.25% |
| Next Bank of Canada announcement |
Oct. 28, 2026 |
| Banks’ prime rate |
4.45% |
| 5-year fixed — best advertised insured rates* |
≈ 4.44% to 4.59% |
| 5-year variable — best advertised insured rates* |
from ≈ 3.41% |
*Indicative rates collected Oct. 14–15, 2026 from online rate comparison sites (Ratehub, nesto); conventional and big-bank rates are higher. According to the QPAREB, fixed rates rose in the spring and early fall, and a policy-rate increase is possible by the end of 2026 or early 2027.
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Outlook
Looking ahead, the QPAREB expects supply to keep gradually returning to normal without triggering a widespread drop in prices. “In Quebec, demand is decreasing, but not enough to cause a general price decline,” notes Camille Laberge, Assistant Director, Market Analysis at the QPAREB (translated).
Affordability remains the main challenge, especially for first-time buyers: prices remain high and rates could rise. The Bank of Canada’s October 28 announcement is one to watch closely.
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Tip of the month
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Sellers: price it right from day one. With more listings on the market, the QPAREB is seeing more asking-price reductions. A home that is well priced and well presented from the start attracts more buyers and sells faster than one that needs price cuts along the way.
Buyers: use the wider selection to negotiate your conditions (inspection, financing, occupancy date) and get pre-approved with a rate hold before the October 28 announcement. Don’t forget to budget for the land transfer tax (“welcome tax”).
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Looking forward to helping you with your real estate plans,
Miroldo P Noel Fils
Residential Real Estate Broker · eXp Realty
(514) 718-5433 · miroldo.noelfils@exprealty.com
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Miroldo P Noel Fils — eXp Realty
1111, boul. Dr. Frederik-Philips, Suite 601, Saint-Laurent (QC) H4M 2X6
Greater Montreal · Laval · Lanaudière · North Shore (Repentigny, Terrebonne, Mascouche, L’Assomption, Charlemagne, Lavaltrie and more)
Sources: QPAREB via the Centris system, September 2026 statistics and Q3 2026 press release (October 14, 2026); Bank of Canada (September 2, 2026 announcement); Ratehub and nesto rate comparison sites (October 14–15, 2026). Rates are indicative and subject to change without notice. This content is for information only and is not personalized financial advice.
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