2026 Q2 · Quebec
Montreal Home Appraisal Market Report
Plex segment most active for investor buyers post-Bill 31 rent-fixation reforms; condo downtown soft.
Snapshot
Key benchmarks
Median single-family
$682K
+4.1% YoY
Median condo
$438K
+1.2% YoY
Months of inventory
3.4
−0.5 YoY
Sales-to-new-listings ratio
59%
+8pts YoY
Avg days on market
39
−7 days YoY
What it means for appraisals
Implications this quarter
- •Plex income approach required for any 3+ unit financing.
- •Bill 31 lease-assignment reform materially changes plex value assumptions.
- •Family patrimony (Civil Code art. 414+) valuations require notary coordination.
Order mix
Why people order in Montreal
Plex refinance28%
Income approach.
Purchase mortgage22%
Family patrimony17%
Succession14%
Role roll appeal11%
Other8%
Watch items
On the horizon
- •Next municipal role roll cycle — reference date 18 months prior to roll year.
- •TAL rent-fixation activity affects plex stabilized NOI.
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