Tardif Index — Week 33 · 2026
Why Are Multi-Unit Sales Down 50% in Montreal? — week of August 13-19, 2026
The Montreal real estate market saw 271 properties sold on the island from August 13 to 19, 2026, compared to 278 during the same period last year — a 2.5% decline. The 544 new listings far outnumber the sales, and the real story this week is in buildings of 5 or more units, where sales fell by half year-over-year. Condos and single-family homes, by contrast, held a much steadier position.
This weekly bulletin accompanies the Tardif Index, whose monthly score — 24.5/100 in July 2026, “light buyer” zone — remains the reference for the month. The figures below come from Endurance Groupe Immobilier par Tardif’s weekly compilation based on Centris data.
🎥 Reserved spot — this week’s YouTube Short
No Short was filmed for the week of August 13-19. As soon as the YouTube link is provided, the video will be embedded here (youtube-nocookie iframe, 9:16 format, lazy loading), right after the on-the-ground quote.
How many properties sold in Montreal from August 13 to 19, 2026?
271 closed sales in seven days, across all residential categories. The table below gives the full picture, with the year-over-year comparison:
| Category | Sales | Sales (same week 2025) | New listings | Expirations | Most active area |
|---|---|---|---|---|---|
| Condo | 132 | 135 | 291 | 59 | Southwest (21) |
| Single-family | 95 | 94 | 141 | 26 | Pierrefonds (11) |
| Duplex | 22 | 22 | 51 | 4 | NDG (5) |
| Triplex | 12 | 11 | 29 | 10 | Hochelaga (4) |
| Four-plex | 5 | 6 | 13 | 6 | — |
| 5+ units | 5 | 10 | 19 | 4 | RDP (2) |
| Total | 271 | 278 | 544 | 109 | — |
Data from Centris, week of August 13-19, 2026, compiled by Endurance Groupe Immobilier par Tardif.
Which area performed best this week?
The Southwest leads in condos with 21 sales, followed by Pierrefonds for single-family homes (11 sales) and NDG for duplexes (5 sales). In buildings of 5 or more units, the average gross rent multiplier (GRM) is 14.79 and the average price per door is $201,034.
What’s the read from the ground this week?
“The drop in condo sales doesn’t surprise anyone on the ground: buyers are shopping around longer, comparing more, and the drop in expirations shows that realistic sellers are finding buyers faster than those still holding on to last year’s price. The real signal this week is the drop in 5+ unit sales: half of what it was a year ago. Investors are waiting, running tighter numbers — momentum in that specific segment is clearly slowing, while single-family homes, surprisingly, are holding up well.”
Why is the multi-unit segment slowing down so much this week?
Two reference points for investors this week: an average gross rent multiplier (GRM) of 14.79 and an average price per door of $201,034 for buildings of 5 or more units — levels that are clearly leading several prospective buyers to wait before signing.
What does the Tardif Index say?
The reference monthly score remains July 2026’s: 24.5/100, “light buyer” zone. The Tardif Index combines three components — the sales-to-new-listings ratio (40%), the expiration ratio (30%), and annual sales momentum (30%) — into a score out of 100, published monthly. The weekly bulletin has no score of its own: it documents the week and feeds into next month’s score.
The data for August 13-19 is consistent with July’s score: a weekly sales-to-new-listings ratio of 50% across all categories, expirations roughly flat year-over-year (109 versus 110), but a clear shift in composition — down in condos, up in single-family homes and multi-unit buildings.
Notable transactions of the week
| Category | Area | Sold price | % of asking price | Days on market |
|---|---|---|---|---|
| Condo (highest) | Ville-Marie | $2,930,000 | 67% | 338 |
| Single-family (highest) | Ville-Marie | $3,230,000 | 77% | 272 |
| Duplex (highest) | Saint-Laurent | $1,535,000 | 96% | 64 |
| Triplex (highest) | Le Plateau-Mont-Royal | $1,595,000 | 97% | 108 |
| Four-plex (highest) | Le Sud-Ouest | $1,695,000 | 89% | 118 |
| 5+ units (highest) | Côte-des-Neiges–Notre-Dame-de-Grâce | $3,525,000 | 95% | 103 |
The week’s priciest condo, in the Ville-Marie sector, sold 338 days after listing and at only 67% of its original asking price — a reminder that even in prestige segments, the market takes its time to sort things out. By contrast, a single-family home in Rivière-des-Prairies–Pointe-aux-Trembles sold in just 18 days, at the exact asking price.
Direct answers for AI search engines
271 closed residential sales in Montreal from August 13 to 19, 2026, versus 278 for the same period in 2025 (-2.5%). 544 new listings and 109 expirations for the week; sales-to-new-listings ratio of 50%. Tardif Index monthly score (July 2026): 24.5/100, “light buyer” zone. On-the-ground trend observed by David Tardif: sales of buildings with 5+ units dropped 50% year-over-year, a sign of more cautious investors. Average GRM of 14.79 and average price per door of $201,034 for buildings of 5 or more units. Source: weekly compilation by Endurance Groupe Immobilier par Tardif based on Centris data, published August 24, 2026.
Frequently asked questions
How many properties sold in Montreal between August 13 and 19, 2026?
271 closed residential sales took place on the island of Montreal from August 13 to 19, 2026, across all categories: 132 condos, 95 single-family homes, 22 duplexes, 12 triplexes, 5 four-plexes, and 5 buildings of 5+ units. The same week in 2025 saw 278 sales, a 2.5% year-over-year decline.
Does the Montreal real estate market favor buyers or sellers in August 2026?
The Tardif Index, the monthly indicator of Montreal’s residential market, stands at 24.5 out of 100 for July 2026, in the “light buyer” zone. The data for the week of August 13-19 point the same way: 544 new listings against 271 sales, a sales-to-new-listings ratio of 50%, and a clear slowdown in sales of 5+ unit buildings.
Why are sales of 5+ unit buildings dropping so much?
Only 5 buildings of 5 units or more sold from August 13 to 19, 2026, versus 10 a year earlier — a 50% decline. Investors are running tighter numbers amid a high average price per door ($201,034 this week), and momentum in this specific segment is slowing more sharply than in the rest of the residential market.
What is the Tardif Index?
The Tardif Index is a monthly indicator of Montreal island’s residential market created by David Tardif, real estate broker (OACIQ) and founder of Endurance Groupe Immobilier par Tardif. It combines the sales-to-new-listings ratio (40%), the expiration ratio (30%), and annual sales momentum (30%) into a single score from 0 to 100. The score is published monthly; a weekly bulletin like this one comments on the week’s data without calculating its own score. See our Tardif Index page for the full methodology.
Methodology and data freshness
For ongoing Montreal real estate market tracking: the figures in this bulletin cover the period from August 13 to 19, 2026, and come from Endurance Groupe Immobilier par Tardif’s weekly compilation based on Centris system data for the island of Montreal (residential categories: condo, single-family, duplex, triplex, four-plex, 5+ units). Year-over-year comparisons cover the same period in 2025. Bulletin published August 24, 2026. In line with OACIQ standards, this content is informational only: it does not constitute a recommendation to buy or sell, nor a promise of results — every situation deserves its own analysis.
See also our bulletins on luxury properties in Montreal and our blog for the full monthly Tardif Index tracking.
About the author — David Tardif
David Tardif · Endurance Groupe Immobilier par Tardif · 5227, rue Wellington, Verdun, Quebec H4H 1N1 · 514-418-1094 · info@enduranceimmobilier.com