The Plateau or Outremont · condo matchup · 2016-2026
The Plateau versus Outremont, figure by figure: the median condo price every year since 2016, the gap and how it moved, days on market, number of sales, rent, the owner's monthly cost and the yield. Centris sales and leases, nothing estimated.
In Le Plateau-Mont-Royal, the median condo sold for $600,000 in 2026 (Jan. to Sept.); in Outremont, $750,000: a $150,000 gap, The Plateau is the cheaper of the two (20% less). In 2016, the gap was $136,500 (29%): it has narrowed. In ten years, The Plateau did +79% and Outremont +59%. Over the past twelve months, a condo sells in 27 days in Le Plateau-Mont-Royal against 33 days in Outremont, at 99% versus 98% of asking; 1,024 and 199 condos sold since January. The median rent of Centris leases is $2,190 in Le Plateau-Mont-Royal against $2,700 in Outremont, and an owner's monthly cost at 20% down (mortgage, condo fees, taxes) $2,886 versus $3,527; the gross yield of a rented condo is 4.4% versus 4.3%. Source: Centris (Matrix), compiled October 10, 2026.
The short answer
In Le Plateau-Mont-Royal, the median condo sold for $600,000 in 2026 (Jan. to Sept.); in Outremont, $750,000: a $150,000 gap, The Plateau is the cheaper of the two (20% less). In 2016, the gap was $136,500 (29%): it has narrowed. In ten years, The Plateau did +79% and Outremont +59%. Over the past twelve months, a condo sells in 27 days in Le Plateau-Mont-Royal against 33 days in Outremont, at 99% versus 98% of asking; 1,024 and 199 condos sold since January. The median rent of Centris leases is $2,190 in Le Plateau-Mont-Royal against $2,700 in Outremont, and an owner's monthly cost at 20% down (mortgage, condo fees, taxes) $2,886 versus $3,527; the gross yield of a rented condo is 4.4% versus 4.3%.
Median condo prices, ten years side by side
| Year | Condo The Plateau | Condo Outremont | Gap | Sales The Plateau | Sales Outremont |
|---|---|---|---|---|---|
| 2016 | $335,000 | $471,500 | $136,500 | 1,059 | 236 |
| 2017 | $340,500 | $490,000 | $149,500 | 1,242 | 271 |
| 2018 | $388,000 | $511,500 | $123,500 | 1,323 | 265 |
| 2019 | $440,000 | $548,412 | $108,412 | 1,227 | 264 |
| 2020 | $488,500 | $650,000 | $161,500 | 1,274 | 279 |
| 2021 | $510,000 | $695,000 | $185,000 | 1,557 | 314 |
| 2022 | $551,000 | $728,500 | $177,500 | 1,291 | 263 |
| 2023 | $527,000 | $710,000 | $183,000 | 1,200 | 197 |
| 2024 | $560,000 | $730,000 | $170,000 | 1,194 | 245 |
| 2025 | $582,000 | $782,500 | $200,500 | 1,338 | 260 |
| 2026 (Jan. to Sept.) | $600,000 | $750,000 | $150,000 | 1,024 | 199 |
Median sale price and number of sales by year, Condominium category, Centris (Matrix), September 16, 2026 query. 2026: January to September.
The indicators, borough against borough
| Indicator | The Plateau | Outremont | Edge |
|---|---|---|---|
| Median condo 2026 | $600,000 | $750,000 | The Plateau (cheaper) |
| Increase 2016-2026 | +79% | +59% | The Plateau (rises faster) |
| Increase 2021-2026 | +18% | +8% | The Plateau (rises faster) |
| Condos sold 2026 (Jan. to Sept.) | 1,024 | 199 | The Plateau (more choice) |
| Median days on market, 12 months | 27 days | 33 days | The Plateau (sells faster) |
| Sold ÷ asking, 12 months | 99% | 98% | The Plateau (more bidding) |
| Condo share of 2026 sales | 42% | 33% | The Plateau (more condo) |
| Median rent, Centris leases, 12 months | $2,190 | $2,700 | The Plateau (cheaper to rent) |
| Median condo fees per month | $325 | $325 | tie (lower fees) |
| Owner's monthly cost, 20% down, 25 years, 4.14% | $2,886 | $3,527 | The Plateau (cheaper to own) |
| 20% down payment | $120,000 | $150,000 | The Plateau (less savings) |
| Gross yield (rent ÷ price) | 4.4% | 4.3% | The Plateau (better yield) |
| Buy-vs-rent break-even, 2%/year appreciation | 6 years | 6 years | tie (buying pays off sooner) |
What the matchup says
- Price: $150,000 separate the two median condos in 2026, $641 a month in owner's cost at 20% down. Outremont costs 20% more; in 2016, it was 29%: the cheaper one is catching up.
- Speed: The Plateau sells its condo in 27 days against 33 days in Outremont, at 99% and 98% of asking. The Plateau is the faster.
- Supply: 1,024 condos sold since January in Le Plateau-Mont-Royal against 199 in Outremont (1,338 and 260 in 2025); condos make up 42% and 33% of sales. The Plateau offers the most choice.
- Rent: $2,190 in Le Plateau-Mont-Royal against $2,700 in Outremont; The Plateau is the cheaper to rent, as it is to buy. Renting costs $696 a month less than owning at 20% down in Le Plateau-Mont-Royal, and $827 less in Outremont.
- The investor: gross yield of 4.4% in Le Plateau-Mont-Royal against 4.3% in Outremont; monthly cash flow at 20% down of $-696 versus $-827. The Plateau yields the most. Buy-vs-rent break-even at 2% appreciation: 6 years versus 6 years.
- Across the 46 matchups tracked, the median gap between two median condos is $58,875 (15%); the cheaper one rose faster in 21 matchups and sells faster in 18; where rent is known, the cheaper to buy is also the cheaper to rent in 26 matchups out of 36, and it is the one that yields the most to an investor in 30 out of 34.
What it changes for buying, renting or selling
The two boroughs do not sell the same condo at the same price, and the table says it in a few lines: price, speed, rent, yield. In Le Plateau-Mont-Royal, the budget goes further; in Outremont, it buys a different stock, often newer or better located. For a hesitating buyer, the rule is to visit both at the same budget: at $600,000, you get the median condo in Le Plateau-Mont-Royal and a condo below the median in Outremont. For a tenant, the question is the real cost: owning at 20% down costs $2,886 a month in Le Plateau-Mont-Royal against a rent of $2,190, and $3,527 against $2,700 in Outremont. For a seller, the matchup places their price against the neighbour where their buyers are also looking. Each one's ten years, year by year: condo prices in Le Plateau-Mont-Royal and condo prices in Outremont.
How to read these figures
Prices and sales come from our Centris (Matrix) series by borough and sector: median sale price and number of condominium sales by year (September 16, 2026 query), median days on market and sold-to-asking ratio over the past twelve months (same query); 2026 counts January to September. The median rent comes from Centris leases of the past twelve months in the same territory, condo fees from sold listings. The owner's monthly cost assumes 20% down, 25 years, the 2026 average contracted rate (4.14%), plus median condo fees and taxes; the gross yield divides annual rent by the median price; the break-even counts the years before owning becomes cheaper than renting, at 2% appreciation a year, buying and selling costs included. A borough without known rent has none of those lines. The median price compares different stocks: a new two-bedroom condo and a 1980s three-and-a-half do not cost the same in the same neighbourhood.
Frequently asked questions
The Plateau or Outremont: which is cheaper for a condo?
The Plateau: $600,000 for the median condo in 2026 against $750,000 in Outremont, or $150,000 less (20%). To rent, The Plateau is the cheaper ($2,190 against $2,700).
Which one rose the most?
The Plateau: +79% in ten years against +59% for the other. Since 2021, The Plateau +18% and Outremont +8%.
Which one yields the most to an investor?
The Plateau: 4.4% gross yield against 4.3%, cash flow at 20% down of $-696 a month versus $-827. In both cases, rent covers only part of the owner's costs at 20% down.
Sources: Centris (Matrix), Statistics module, September 16, 2026 query for Le Plateau-Mont-Royal and Outremont, Condominium category, prices and sales by year, days on market and ratio over the past twelve months; Centris leases of the past twelve months for rent; 2026 five-year contracted rate, Bank of Canada and Statistics Canada; compiled by the Loaa & Manseur team, aggregates only, current year partial. The 46 borough matchups hub lists every comparison.
Our data series in Outremont, from the same Centris listings:
Each series is recalculated from actual sales and leases, aggregates only.
The other Outremont matchups:
Same grid, another neighbour.
Our data series in Le Plateau-Mont-Royal, from the same Centris listings:
Each series is recalculated from actual sales and leases, aggregates only.
The other The Plateau matchups:
- The Plateau or Rosemont: median condo $600,000 versus $552,500 in 2026, $47,500 gap, Rosemont the cheaper, 27 versus 20 days on market, rent $2,190 versus $1,800, ten years side by side
- The Plateau or Ville-Marie: median condo $600,000 versus $460,000 in 2026, $140,000 gap, Ville-Marie the cheaper, 27 versus 50 days on market, rent $2,190 versus $1,950, ten years side by side
- The Plateau or Villeray-Saint-Michel: median condo $600,000 versus $478,500 in 2026, $121,500 gap, Villeray-Saint-Michel the cheaper, 27 versus 34 days on market, rent $2,190 versus $1,750, ten years side by side
- Côte-des-Neiges-NDG or The Plateau: median condo $528,800 versus $600,000 in 2026, $71,200 gap, Côte-des-Neiges-NDG the cheaper, 50 versus 27 days on market, rent $1,880 versus $2,190, ten years side by side
Same grid, another neighbour.
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Also available in French: version française de ce guide.
Published September 7, 2026 by the Loaa & Manseur team, the number 1 team at RE/MAX Platine in 2024 and 2025, 6th RE/MAX team in Quebec, 15th in Canada and in the global top 50 according to the official RE/MAX ranking. Tell us about your project.