Montreal’s real estate market tightened in July 2026: the sales-to-new-listings ratio (SNLR) reached 58.3% across the island. In total, 260 sales met 446 new listings. Furthermore, sales are down 8.5% year-over-year. Finally, Canadian inflation for June, published on July 20 in the same week as this bulletin, fell to 2.8%. <\/p>\n\n
Published July 23, 2026 \u00b7 Period covered: July 16-22, 2026.<\/p>\n\n
Word of the week: Divergence \u00b7 Figure of the week: 22.2% (year-over-year decline in condo sales)<\/p>\n\n\n
David Tardif, a real estate broker in Montreal at Endurance Groupe Immobilier par Tardif, publishes his weekly market analysis: the Tardif Index<\/strong>. For the week of July 16-22, 2026<\/strong>, condo sales in Montreal declined by 22.2%<\/strong> compared to the same week last year, while single-family homes, on the other hand, increased by 20.8%<\/strong>. Two segments, two realities: indeed, this is exactly what the Tardif Index is designed to reveal. <\/p>\n\n From July 16 to 22, 2026, Montreal’s real estate market split into two speeds. On one hand, the condo market slowed significantly: 119 sales compared to 153 last year, a decrease of 22.2%. With 276 new listings, the SNLR dropped to just 43.1%. In other words, the supply of condos far exceeds demand, especially in Rosemont. <\/p>\n On the other hand, the single-family home market remains tight: 93 sales compared to 77 last year, an increase of 20.8%. Its SNLR reached 91.2%, with RDP leading sales. Additionally, 2-to-4-unit plexes remain firmly on the seller’s side, with an SNLR of 73.7% for 42 sales compared to 50 last year. <\/p>\n Finally, multi-unit buildings with 5 or more units showed a 50% increase in sales, from 4 to 6, but this figure should be interpreted cautiously given the small sample size. Across the entire island, the SNLR thus stands at 58.3%, indicating an overall tight market. The most recent monthly Tardif Index, for June 2026, was 29\/100, in a slightly buyer-friendly zone. This week confirms this trend for condos, but not for single-family homes or plexes. <\/p>\n<\/div>\n\n Condos? They\u2019re not it this week \ud83d\udc80 There are literally twice as many on the market as there are buyers. Houses, though? Blink and it\u2019s gone. Plexes are lowkey the MVPs: not flashy, but they perform. The real tea? If you’re shopping for a condo, you run the game. If you’re looking for a house\u2026 good luck bestie, you don\u2019t call the shots \ud83d\ude2d. <\/p>\n<\/div>\n\n Imagine a grocery shelf. When new products (listings) arrive faster than customers buy them (sales), the shelf fills up: this is the case for condos in Montreal this week, with 276 new condos listed for only 119 sold. Conversely, when customers empty the shelf almost as quickly as it fills, as with single-family homes and plexes, prices hold firm and buyers have less negotiating power. <\/p>\n\nQuick response<\/h3>\n
Quick Take for Gen Z<\/h3>\n
Simple to understand<\/h2>\n