Condo: sold vs asking · Montreal · Centris 2016-2026
Do condos in Montreal sell at asking, over or under, and since when? The sale ÷ asking price ratio per year since 2016, the ratio on the original price to see price cuts, houses alongside, and the gap translated into dollars on the median condo. Centris figures, not estimates.
In Montreal, a condo sold on average at 98% of its asking price in 2026 (January to September), that is under the asking price: more room to negotiate on a condo than in most of the 41 cities tracked (median 98%). In 2016 it was 97%; at the peak, 2022, 99%, even the frenzy did not push condos over their listed price. A house in Montreal sells at 98% of its asking price in 2026: condos and houses are negotiated alike. On the 2026 median condo ($476,100), the average gap between asking and sale price comes to $9,522 less. Source: Centris (Matrix), compiled October 7, 2026.
The short answer
In Montreal, a condo sold on average at 98% of its asking price in 2026 (January to September), that is under the asking price: more room to negotiate on a condo than in most of the 41 cities tracked (median 98%). In 2016 it was 97%; at the peak, 2022, 99%, even the frenzy did not push condos over their listed price. A house in Montreal sells at 98% of its asking price in 2026: condos and houses are negotiated alike. On the 2026 median condo ($476,100), the average gap between asking and sale price comes to $9,522 less.
Sale price as % of asking price, condos per year
| Year | Condo: sold ÷ asking | Sold ÷ original price | Gap (price cuts) | Condo sales | Median condo price | House: sold ÷ asking |
|---|---|---|---|---|---|---|
| 2016 | 97% | 95% | 2 pt | 11,104 | $285,000 | 96% |
| 2017 | 97% | 96% | 1 pt | 13,347 | $295,000 | 96% |
| 2018 | 97% | 97% | 0 pt | 14,205 | $310,000 | 97% |
| 2019 | 98% | 98% | 0 pt | 14,652 | $340,000 | 97% |
| 2020 | 99% | 99% | 0 pt | 14,317 | $387,000 | 98% |
| 2021 | 99% | 99% | 0 pt | 18,815 | $416,375 | 100% |
| 2022 | 99% | 99% | 0 pt | 16,959 | $444,000 | 100% |
| 2023 | 98% | 97% | 1 pt | 15,655 | $440,000 | 97% |
| 2024 | 98% | 97% | 1 pt | 16,617 | $460,000 | 98% |
| 2025 | 98% | 97% | 1 pt | 17,951 | $475,000 | 98% |
| 2026 (Jan. to Sep.) | 98% | 97% | 1 pt | 13,225 | $476,100 | 98% |
Condominium category, whole municipality of Montreal, Centris (Matrix), ratios in whole percentages. Gap: ratio vs asking minus ratio vs original, in points. House: same ratio, Single-family category.
What ten years of ratios say about condos in Montreal
- Four markets in ten years for condos in Montreal: 97.2% of asking on average in 2016-2019, 99% during the 2020-2022 frenzy, 98% when high rates returned, 98% today.
- Peak: 2022 (99%); trough: 2016 (97%). The average condo sale price never exceeded the asking price in Montreal, even in 2021-2022: the condo frenzy played out in speed and the end of negotiation, not in bidding wars.
- Condo versus house at the peak: in 2021, condos sold at 99% and houses at 100% (-1 point); in 2026, 98% against 98% (+0). Condos saw the same bidding wars as houses. The condo peak came in 2022.
- The return of high rates: 99% in 2021, 98% in 2023 (-1 points), 98% in 2026. Negotiation is back on condos, but at a tighter level than in 2016.
- Asking price versus original price: the gap between the two ratios (2 points in 2016, 1 in 2026) measures the price cuts made before the sale. Fewer price cuts along the way than in 2016.
- In dollars, on the median condo: $8,550 under asking in 2016 (condo at $285,000), $4,164 under in 2021 ($416,375), $9,522 under in 2026 ($476,100). Order of magnitude, ratio rounded to the point.
- 2026 (Jan. to Sep.) versus 2025: 98% then 98% (stable); 13,225 condo sales in nine months. Across the 41 cities, condos sell at asking or over in 2 in 2026, against 31 in 2021.
What it changes when selling or buying a condo in Montreal
At 98% of asking, Montreal is a city where condos are negotiated: 2% on average between the listed price and the paid price, and more on units that linger. For a seller, the starting price has to anticipate that negotiation without inviting it: a condo listed 8% too high draws offers 15% too low. For a buyer, an offer under asking is the norm here, especially on a condo listed for more than a month or in a building with high fees. The same ratio for houses, year by year, is in sold over asking in Montreal; the condos that expire without a sale are counted in condos that do not sell in Montreal.
How to read these figures
One ratio per year for all of Montreal, Condominium category: what buyers paid relative to what sellers asked, with houses alongside for scale. Above 100%, bidding wars win over negotiation; below, the reverse. The year's median condo price translates the ratio into dollars, as an order of magnitude. Cities with fewer than a hundred condo sales a year move a point or two on a handful of sales: read the four-period plateaus, not each year.
Frequently asked questions
Do condos sell over asking in Montreal?
On average, no: 98% of asking in 2026 (Jan. to Sep.), or 2% of negotiation. Condos have never exceeded their asking price on average in Montreal since 2016.
Are condos negotiated more than houses in Montreal?
Not here: houses sell at 98% of asking in 2026 and condos at 98%. Montreal is one of the cities where condos are not negotiated more than houses.
What is the difference between asking price and original price?
The asking price is the one listed at the time of sale; the original price is the one from the listing's first day. When the two ratios differ (1 point in 2026 in Montreal), sellers cut their price before selling. For a buyer, a condo whose price has already dropped is a seller who has started to move.
Source: Centris (Matrix), Statistics module, queries of October 7, 2026 for the municipality of Montreal: Condominium category, sale price vs asking price and vs original price ratios by year over ten years; condo sales and median price from the September 16, 2026 query, houses from September 30; compiled by the Loaa & Manseur team, aggregates only, current year partial. The condos sold over asking in 41 cities hub compares the 41 cities.
Our other data series in Montreal, from the same Centris listings:
Each series is recalculated from actual sales, aggregates only.
And plex sale versus asking price in Montreal:
Plex sold ÷ asking ratio, year by year, ten years from the same Centris listings.
Our proof, not our promises
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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.