Home sales in Greater Montreal swelled 10 per cent year-over-year in July, says Quebec Professional Association of Real Estate Brokers.

More than 3,700 homes changed hands last month, with prices climbing and overbidding – where there are multiple offers and the sellers fetch at least five per cent more than asking – occurring in 11 per cent of transactions.

The share of overbid sales was similar to July 2024.

“Despite the volatility in the economy, Montreal’s real estate market experienced a very active month of July and stands out positively compared to certain Canadian markets—particularly Vancouver and Toronto—where sales and prices dropped in early spring due to disruptions caused by the first wave of U.S. tariff hikes,” said Hélène Bégin, QPAREB senior economist.

Prices are climbing amid stable inventory

The number of active listings grew by two per cent, with market conditions continuing to “favour sellers,” said the association.

Compared to July 2024, the median price for a single-family home in the Montreal area rose seven per cent to $625,000.

Condo prices were up three per cent year-over-year, while prices for multiplexes with up to five units grew eight per cent.