Expired plexes · Montreal · Centris 2016-2026
How many plexes listed in Montreal go back without a buyer, year by year since 2016: expired listings, the failure rate against sales, the same rate for houses alongside, average days against median days, and what it tells a plex seller about the starting price. Centris figures, not estimates.
In Montreal, 1,438 plex listings expired without a sale in 2025, against 2,145 in 2016 (-33%). Of all the plex listings that ended in 2025, 31% ended without a buyer, against 40% in 2016 and 26% in 2021. In 2026 (Jan. to Sep.), the failure rate stands at 39%, one of the highest among the 23 cities tracked (median 29%). For a house in Montreal, the 2026 failure rate is 30%: plexes expire 9 points more often than houses. Average days on market for a sold plex went from 87 days in 2016 to 50 days in 2021 and 54 days in 2026. Source: Centris (Matrix), compiled October 7, 2026.
The short answer
In Montreal, 1,438 plex listings expired without a sale in 2025, against 2,145 in 2016 (-33%). Of all the plex listings that ended in 2025, 31% ended without a buyer, against 40% in 2016 and 26% in 2021. In 2026 (Jan. to Sep.), the failure rate stands at 39%, one of the highest among the 23 cities tracked (median 29%). For a house in Montreal, the 2026 failure rate is 30%: plexes expire 9 points more often than houses. Average days on market for a sold plex went from 87 days in 2016 to 50 days in 2021 and 54 days in 2026.
Expired plexes, sales and failure rate per year
| Year | Expired plexes | Plex sales | Plex failure rate | New listings | Average days | House failure rate | condo failure rate |
|---|---|---|---|---|---|---|---|
| 2016 | 2,145 | 3,266 | 40% | 5,461 | 87 | 38% | 46% |
| 2017 | 1,741 | 3,393 | 34% | 5,135 | 77 | 30% | 39% |
| 2018 | 1,441 | 3,409 | 30% | 5,315 | 67 | 26% | 29% |
| 2019 | 1,372 | 3,674 | 27% | 4,939 | 69 | 24% | 23% |
| 2020 | 1,038 | 3,550 | 23% | 5,205 | 53 | 21% | 28% |
| 2021 | 1,374 | 3,978 | 26% | 6,032 | 50 | 18% | 30% |
| 2022 | 1,852 | 2,774 | 40% | 5,849 | 53 | 26% | 28% |
| 2023 | 1,914 | 2,394 | 44% | 4,927 | 75 | 31% | 31% |
| 2024 | 1,706 | 2,867 | 37% | 5,096 | 75 | 26% | 31% |
| 2025 | 1,438 | 3,251 | 31% | 5,509 | 61 | 25% | 37% |
| 2026 (Jan. to Sep.) | 1,305 | 2,005 | 39% | 4,777 | 54 | 30% | 44% |
Income property category, whole municipality of Montreal, Centris (Matrix). Failure rate: expired ÷ (expired + sales) of the same year. New listings: January to September for 2026. House rate: same definition, Single-family category.
Plex, house and condo in Montreal: which one stays on the shelf
- Four markets in ten years for plexes in Montreal: 33% failure on average in 2016-2019, 30% during the 2020-2022 frenzy, 40% when high rates returned, 35% today. Average days for a sold plex: 75, 52, 75 and 58.
- Peak of expired plexes: 2016 (2,145); trough: 2020 (1,038), -52% between the two. Highest failure rate: 2023 (44%); lowest: 2020 (23%).
- Plex versus house: in 2016, 40% of plex listings expired against 38% of houses (+2 points); in 2026, 39% against 30% (+9 points). The gap has widened: the plex has become the product left on the shelf. Across the 23 cities tracked, plexes expire more often than houses in 21.
- Plex versus condo in Montreal: 39% failure for plexes in 2026 against 44% for condos. condos expire more often than plexes: the unit listed at its 2022 price waits, the income property finds its investor. Across the 23 cities, the plex is the most exposed of the three products in 7.
- On the year's new listings: 39% of plexes listed in 2016 saw their listing expire the same year, 26% in 2025. One plex in four or more did not find a buyer within the year: the asking price does not hold up against the rents and the rates.
- 2026 (Jan. to Sep.) versus 2025: 31% then 39% failure (the rate is climbing: more overpriced plexes sit without an offer); 1,305 plexes expired in nine months, or 1,740 at an annual pace (+21%, a simple projection). Across the 23 cities, the rate is climbing in 2026 in 16.
- Ten years: 17,326 expired plex listings against 34,561 sales in Montreal.
What it changes when selling or buying a plex in Montreal
At 39% failure, Montreal is a city where a plex sells poorly when listed at a hopeful price: more than one listing in three ends without a sale. A building that expires comes back on the market with a visible history, and investors know it. For a seller, the starting price should be the one the rents justify at today's rate, not the 2022 multiplier nor the price per unit of the neighbour who sold before the rate hikes. For a buyer, plexes listed for more than 54 days are the ones where negotiation has a chance, especially when the leases are low. The number of plexes for sale and months of inventory, year by year, are in plexes for sale in Montreal; the same count for houses is in houses that do not sell in Montreal and for condos in condos that do not sell in Montreal.
How to read these figures
One count per year for all of Montreal: what expires, what sells, and how long plex sales take on average, with the house and condo failure rates alongside for scale. Expired listings are the visible part of plexes that do not sell; withdrawals and cancellations add to them, and private sales, frequent for small buildings, are not included. The mean days on market is pulled up by buildings that linger. Cities with fewer than fifty plex sales a year move by a few expired listings from one year to the next: read the plateaus, not the decimals.
Frequently asked questions
How many plexes do not sell in Montreal?
1,438 plex listings expired without a sale in Montreal in 2025, for 3,251 sales: a failure rate of 31%. In 2026 (Jan. to Sep.): 1,305 expired, 39%.
Do plexes sell worse than houses in Montreal?
Yes, clearly: 39% failure for plexes in 2026 against 30% for houses, a 9-point gap. It is the case in 21 of the 23 cities tracked: a plex is bought on its income, and when rates rise, the price the rents justify falls faster than the price sellers ask.
Is the number of unsold plexes climbing in Montreal?
Yes: 39% in 2026 against 31% in 2025 and 26% in 2021. We remain below the 40% of 2016, but the trend is up, as in 16 of 23 cities.
Source: Centris (Matrix), Statistics module, queries of October 7, 2026 for the municipality of Montreal: Income property category, expired listings and average days on market by year over ten years; plex sales from the September 16, 2026 query, new listings from October 7, houses from October 1, condos from October 7; compiled by the Loaa & Manseur team, aggregates only, current year partial. The plexes that do not sell in 23 cities hub compares the 23 cities.
Our other data series in Montreal, from the same Centris listings:
Each series is recalculated from actual sales, aggregates only.
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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.