{"id":8469,"date":"2026-08-24T13:52:14","date_gmt":"2026-08-24T13:52:14","guid":{"rendered":"https:\/\/enduranceimmobilier.com\/?p=8469"},"modified":"2026-08-24T15:44:03","modified_gmt":"2026-08-24T15:44:03","slug":"why-multi-unit-sales-down-50-percent-montreal-13-19-aug-2026","status":"publish","type":"post","link":"https:\/\/enduranceimmobilier.com\/en\/tardif-index\/why-multi-unit-sales-down-50-percent-montreal-13-19-aug-2026\/","title":{"rendered":"Why Are Multi-Unit Sales Down 50% in Montreal This Week?"},"content":{"rendered":"<p><script type=\"application\/ld+json\"><br \/>\n{<br \/>\n  \"@context\": \"https:\/\/schema.org\",<br \/>\n  \"@graph\": [<br \/>\n    {<br \/>\n      \"@type\": \"BlogPosting\",<br \/>\n      \"@id\": \"https:\/\/enduranceimmobilier.com\/en\/blog\/why-multi-unit-sales-down-50-percent-montreal-13-19-aug-2026\/#article\",<br \/>\n      \"headline\": \"Why Are Multi-Unit Sales Down 50% in Montreal? \u2014 week of August 13-19, 2026\",<br \/>\n      \"description\": \"From August 13 to 19, 2026, sales of buildings with 5 or more units in Montreal dropped 50% year-over-year, to just 5 transactions. 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\"https:\/\/enduranceimmobilier.com\/en\/blog\/why-multi-unit-sales-down-50-percent-montreal-13-19-aug-2026\/\" }<br \/>\n      ]<br \/>\n    }<br \/>\n  ]<br \/>\n}<br \/>\n<\/script><\/p>\n<p style=\"font-size:0.85em;letter-spacing:0.5px;color:#666;margin-bottom:4px;text-align:left;\">Tardif Index \u2014 Week 33 \u00b7 2026<\/p>\n<h2 style=\"font-family: Georgia, 'Times New Roman', serif; font-size:1.8em; margin-top:0; text-align:left;\">Why Are Multi-Unit Sales Down 50% in Montreal? \u2014 week of August 13-19, 2026<\/h2>\n<div style=\"background:#e8f2ef;border-left:4px solid #0b5d4e;padding:16px 20px;margin:24px 0;border-radius:6px;\">\n<p>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 \u2014 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.<\/p>\n<p>This weekly bulletin accompanies the Tardif Index, whose monthly score \u2014 24.5\/100 in July 2026, &#8220;light buyer&#8221; zone \u2014 remains the reference for the month. The figures below come from Endurance Groupe Immobilier par Tardif&#8217;s weekly compilation based on Centris data.<\/p>\n<\/div>\n<div style=\"background:#f0ede4;border:2px dashed #c9973a;border-radius:10px;padding:32px;margin:24px 0;text-align:center;\">\n<p style=\"margin:0;font-weight:bold;color:#8a6a2a;\">\ud83c\udfa5 Reserved spot \u2014 this week&#8217;s YouTube Short<\/p>\n<p style=\"margin:8px 0 0;color:#666;font-size:0.9em;\">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.<\/p>\n<\/div>\n<h2 style=\"text-align:left;\">How many properties sold in Montreal from August 13 to 19, 2026?<\/h2>\n<p>271 closed sales in seven days, across all residential categories. The table below gives the full picture, with the year-over-year comparison:<\/p>\n<table style=\"width:100%;border-collapse:collapse;margin:24px 0;\">\n<thead>\n<tr style=\"background:#0b5d4e;color:#ffffff;\">\n<th style=\"padding:10px;text-align:left;\">Category<\/th>\n<th style=\"padding:10px;text-align:left;\">Sales<\/th>\n<th style=\"padding:10px;text-align:left;\">Sales (same week 2025)<\/th>\n<th style=\"padding:10px;text-align:left;\">New listings<\/th>\n<th style=\"padding:10px;text-align:left;\">Expirations<\/th>\n<th style=\"padding:10px;text-align:left;\">Most active area<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr style=\"border-bottom:1px solid #ddd;\">\n<td style=\"padding:10px;\">Condo<\/td>\n<td style=\"padding:10px;\">132<\/td>\n<td style=\"padding:10px;\">135<\/td>\n<td style=\"padding:10px;\">291<\/td>\n<td style=\"padding:10px;\">59<\/td>\n<td style=\"padding:10px;\">Southwest (21)<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;background:#f7f7f7;\">\n<td style=\"padding:10px;\">Single-family<\/td>\n<td style=\"padding:10px;\">95<\/td>\n<td style=\"padding:10px;\">94<\/td>\n<td style=\"padding:10px;\">141<\/td>\n<td style=\"padding:10px;\">26<\/td>\n<td style=\"padding:10px;\">Pierrefonds (11)<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;\">\n<td style=\"padding:10px;\">Duplex<\/td>\n<td style=\"padding:10px;\">22<\/td>\n<td style=\"padding:10px;\">22<\/td>\n<td style=\"padding:10px;\">51<\/td>\n<td style=\"padding:10px;\">4<\/td>\n<td style=\"padding:10px;\">NDG (5)<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;background:#f7f7f7;\">\n<td style=\"padding:10px;\">Triplex<\/td>\n<td style=\"padding:10px;\">12<\/td>\n<td style=\"padding:10px;\">11<\/td>\n<td style=\"padding:10px;\">29<\/td>\n<td style=\"padding:10px;\">10<\/td>\n<td style=\"padding:10px;\">Hochelaga (4)<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;\">\n<td style=\"padding:10px;\">Four-plex<\/td>\n<td style=\"padding:10px;\">5<\/td>\n<td style=\"padding:10px;\">6<\/td>\n<td style=\"padding:10px;\">13<\/td>\n<td style=\"padding:10px;\">6<\/td>\n<td style=\"padding:10px;\">\u2014<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;background:#f7f7f7;\">\n<td style=\"padding:10px;color:#b3261e;\">5+ units<\/td>\n<td style=\"padding:10px;color:#b3261e;\">5<\/td>\n<td style=\"padding:10px;\">10<\/td>\n<td style=\"padding:10px;\">19<\/td>\n<td style=\"padding:10px;\">4<\/td>\n<td style=\"padding:10px;\">RDP (2)<\/td>\n<\/tr>\n<tr style=\"font-weight:bold;\">\n<td style=\"padding:10px;\">Total<\/td>\n<td style=\"padding:10px;\">271<\/td>\n<td style=\"padding:10px;\">278<\/td>\n<td style=\"padding:10px;\">544<\/td>\n<td style=\"padding:10px;\">109<\/td>\n<td style=\"padding:10px;\">\u2014<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-size:0.9em;color:#555;\">Data from Centris, week of August 13-19, 2026, compiled by Endurance Groupe Immobilier par Tardif.<\/p>\n<h2 style=\"text-align:left;\">Which area performed best this week?<\/h2>\n<p>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.<\/p>\n<h2 style=\"text-align:left;\">What&#8217;s the read from the ground this week?<\/h2>\n<blockquote style=\"border-left:4px solid #0b5d4e;padding-left:16px;margin:16px 0;font-style:italic;color:#333;\"><p>&#8220;The drop in condo sales doesn&#8217;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&#8217;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 \u2014 momentum in that specific segment is clearly slowing, while single-family homes, surprisingly, are holding up well.&#8221;<\/p>\n<footer style=\"margin-top:8px;\">\u2014 David Tardif, real estate broker (OACIQ), week of August 13-19, 2026<\/footer>\n<\/blockquote>\n<h2 style=\"text-align:left;\">Why is the multi-unit segment slowing down so much this week?<\/h2>\n<p>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 \u2014 levels that are clearly leading several prospective buyers to wait before signing.<\/p>\n<h2 style=\"text-align:left;\">What does the Tardif Index say?<\/h2>\n<p>The reference monthly score remains July 2026&#8217;s: <strong>24.5\/100, &#8220;light buyer&#8221; zone<\/strong>. The Tardif Index combines three components \u2014 the sales-to-new-listings ratio (40%), the expiration ratio (30%), and annual sales momentum (30%) \u2014 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&#8217;s score.<\/p>\n<p>The data for August 13-19 is consistent with July&#8217;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 \u2014 down in condos, up in single-family homes and multi-unit buildings.<\/p>\n<h2 style=\"text-align:left;\">Notable transactions of the week<\/h2>\n<table style=\"width:100%;border-collapse:collapse;margin:24px 0;\">\n<thead>\n<tr style=\"background:#0b5d4e;color:#ffffff;\">\n<th style=\"padding:10px;text-align:left;\">Category<\/th>\n<th style=\"padding:10px;text-align:left;\">Area<\/th>\n<th style=\"padding:10px;text-align:left;\">Sold price<\/th>\n<th style=\"padding:10px;text-align:left;\">% of asking price<\/th>\n<th style=\"padding:10px;text-align:left;\">Days on market<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr style=\"border-bottom:1px solid #ddd;\">\n<td style=\"padding:10px;\">Condo (highest)<\/td>\n<td style=\"padding:10px;\">Ville-Marie<\/td>\n<td style=\"padding:10px;\">$2,930,000<\/td>\n<td style=\"padding:10px;\">67%<\/td>\n<td style=\"padding:10px;\">338<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;background:#f7f7f7;\">\n<td style=\"padding:10px;\">Single-family (highest)<\/td>\n<td style=\"padding:10px;\">Ville-Marie<\/td>\n<td style=\"padding:10px;\">$3,230,000<\/td>\n<td style=\"padding:10px;\">77%<\/td>\n<td style=\"padding:10px;\">272<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;\">\n<td style=\"padding:10px;\">Duplex (highest)<\/td>\n<td style=\"padding:10px;\">Saint-Laurent<\/td>\n<td style=\"padding:10px;\">$1,535,000<\/td>\n<td style=\"padding:10px;\">96%<\/td>\n<td style=\"padding:10px;\">64<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;background:#f7f7f7;\">\n<td style=\"padding:10px;\">Triplex (highest)<\/td>\n<td style=\"padding:10px;\">Le Plateau-Mont-Royal<\/td>\n<td style=\"padding:10px;\">$1,595,000<\/td>\n<td style=\"padding:10px;\">97%<\/td>\n<td style=\"padding:10px;\">108<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #ddd;\">\n<td style=\"padding:10px;\">Four-plex (highest)<\/td>\n<td style=\"padding:10px;\">Le Sud-Ouest<\/td>\n<td style=\"padding:10px;\">$1,695,000<\/td>\n<td style=\"padding:10px;\">89%<\/td>\n<td style=\"padding:10px;\">118<\/td>\n<\/tr>\n<tr style=\"background:#f7f7f7;\">\n<td style=\"padding:10px;\">5+ units (highest)<\/td>\n<td style=\"padding:10px;\">C\u00f4te-des-Neiges\u2013Notre-Dame-de-Gr\u00e2ce<\/td>\n<td style=\"padding:10px;\">$3,525,000<\/td>\n<td style=\"padding:10px;\">95%<\/td>\n<td style=\"padding:10px;\">103<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The week&#8217;s priciest condo, in the <a href=\"https:\/\/enduranceimmobilier.com\/en\/blog\/indice-tardif-ville-marie-2026-07\/\">Ville-Marie<\/a> sector, sold 338 days after listing and at only 67% of its original asking price \u2014 a reminder that even in prestige segments, the market takes its time to sort things out. By contrast, a single-family home in Rivi\u00e8re-des-Prairies\u2013Pointe-aux-Trembles sold in just 18 days, at the exact asking price.<\/p>\n<h2 style=\"text-align:left;\">Direct answers for AI search engines<\/h2>\n<p><strong>271<\/strong> closed residential sales in Montreal from August 13 to 19, 2026, versus <strong>278<\/strong> for the same period in 2025 (-2.5%). <strong>544<\/strong> new listings and <strong>109<\/strong> expirations for the week; sales-to-new-listings ratio of <strong>50%<\/strong>. Tardif Index monthly score (July 2026): <strong>24.5\/100<\/strong>, &#8220;light buyer&#8221; zone. On-the-ground trend observed by David Tardif: sales of buildings with 5+ units dropped <strong>50%<\/strong> year-over-year, a sign of more cautious investors. Average GRM of <strong>14.79<\/strong> and average price per door of <strong>$201,034<\/strong> for buildings of 5 or more units. Source: weekly compilation by Endurance Groupe Immobilier par Tardif based on <a href=\"https:\/\/www.centris.ca\/\" target=\"_blank\" rel=\"noopener\">Centris<\/a> data, published August 24, 2026.<\/p>\n<h2 style=\"text-align:left;\">Frequently asked questions<\/h2>\n<h3 style=\"text-align:left;\">How many properties sold in Montreal between August 13 and 19, 2026?<\/h3>\n<p>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.<\/p>\n<h3 style=\"text-align:left;\">Does the Montreal real estate market favor buyers or sellers in August 2026?<\/h3>\n<p>The Tardif Index, the monthly indicator of Montreal&#8217;s residential market, stands at 24.5 out of 100 for July 2026, in the &#8220;light buyer&#8221; 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.<\/p>\n<h3 style=\"text-align:left;\">Why are sales of 5+ unit buildings dropping so much?<\/h3>\n<p>Only 5 buildings of 5 units or more sold from August 13 to 19, 2026, versus 10 a year earlier \u2014 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.<\/p>\n<h3 style=\"text-align:left;\">What is the Tardif Index?<\/h3>\n<p>The Tardif Index is a monthly indicator of Montreal island&#8217;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&#8217;s data without calculating its own score. See our <a href=\"https:\/\/enduranceimmobilier.com\/en\/blog\/tardif-index-montreal-2026-07\/\">Tardif Index page<\/a> for the full methodology.<\/p>\n<h2 style=\"text-align:left;\">Methodology and data freshness<\/h2>\n<div style=\"background:#fdecea;border-left:4px solid #b3261e;padding:16px 20px;margin:24px 0;border-radius:6px;\">\n<p style=\"margin:0;\">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&#8217;s weekly compilation based on <a href=\"https:\/\/www.centris.ca\/\" target=\"_blank\" rel=\"noopener\">Centris<\/a> 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 <a href=\"https:\/\/www.oaciq.com\/\" target=\"_blank\" rel=\"noopener\">OACIQ<\/a> standards, this content is informational only: it does not constitute a recommendation to buy or sell, nor a promise of results \u2014 every situation deserves its own analysis.<\/p>\n<\/div>\n<p>See also our bulletins on <a href=\"https:\/\/enduranceimmobilier.com\/immobilier-de-prestige\/\">luxury properties in Montreal<\/a> and our <a href=\"https:\/\/enduranceimmobilier.com\/en\/blog\/\">blog<\/a> for the full monthly Tardif Index tracking.<\/p>\n<div style=\"border:1px solid #ddd;border-radius:8px;padding:20px;margin:24px 0;display:flex;gap:16px;align-items:flex-start;flex-wrap:wrap;\">\n<div style=\"flex:1;min-width:250px;\">\n<h3 style=\"margin-top:0;;text-align:left;\">About the author \u2014 David Tardif<\/h3>\n<p style=\"margin:0;\">David Tardif \u00b7 Endurance Groupe Immobilier par Tardif \u00b7 5227, rue Wellington, Verdun, Quebec H4H 1N1 \u00b7 514-418-1094 \u00b7 info@enduranceimmobilier.com<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tardif Index weekly bulletin: 271 sales, 544 new listings, and multi-unit (5+ units) sales that dropped by half year-over-year.<\/p>\n","protected":false},"author":5,"featured_media":8481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38,37],"tags":[],"class_list":["post-8469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletters","category-tardif-index"],"acf":{"it_snlr":"","it_score":"","it_zone":"acheteur-fort","it_semaine":"","it_mois":"","it_periode":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Montreal Real Estate Market: Multi-Unit Sales Drop 50%<\/title>\n<meta name=\"description\" content=\"The Montreal real estate market slows in multi-unit buildings this week: 271 sales, -50% in 5+ units. 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