Buying · Foreclosures · the North Shore
The North Shore is the Greater Montreal region that rose the most since 2021. It is also where the 2026-2027 mortgage renewals weigh the most. Here is how to look for a foreclosure there without mistakes.
A foreclosure on the North Shore follows the same mechanics as everywhere in Quebec: a 60-day prior notice in the land register, then taking in payment, a sale under judicial authority or a sale by the creditor, and a resale generally without legal warranty. What makes the North Shore particular is the cycle: it is the large sector that rose the most in five years (+52 % for the single-family home, up to +59 % in Saint-Jérôme), so the one where the most owners bought at the 2021-2022 peak with low rates that renew in 2026-2027. Foreclosures there remain rare and sell close to the market ($600,000 for the median single-family home in the second quarter of 2026, 28 days), but it is the region where searches for foreclosures rose the most this year.
Foreclosures on the North Shore appear on Centris with the mention "reprise de finance", and they concentrate where the most homes were bought at the peak with a small down payment: the recent sectors of Mascouche, Mirabel and Saint-Jérôme, the 2015 to 2022 condos of Blainville and Terrebonne, and the large lots of La Plaine and Saint-Lin-Laurentides bought with remote work in mind. With 28 days on market and a seller's market in every range for the region, a fairly priced foreclosure receives several offers the first weekend; the negotiable ones are the properties that need work or that sit above $870,000, where inventory reaches 5.6 to 10.7 months depending on the sector.
| Sector (QPAREB, Q2 2026) | House, median | 1 year | 5 years | Days | Condo, median |
|---|---|---|---|---|---|
| Terrebonne | $583,500 | 1% | 51 % | 25 days | $381,000 |
| Mascouche | $615,000 | 7% | 54 % | 23 days | $362,250 |
| Blainville | $800,000 | 8% | 42 % | 27 days | $428,500 |
| Saint-Jérôme | $573,000 | 12 % | 59 % | 33 days | $315,000 |
| Repentigny | $580,000 | 2% | 45 % | 25 days | $334,200 |
| North Shore, all | $600,000 | 6% | 52 % | 28 days | $370,000 |
It all starts with a missed payment. The hypothecary creditor registers a prior notice of the exercise of a hypothecary right in the land register and, for a mainly residential immovable, must give the owner 60 days to remedy the default, sell on their own or refinance. Then come three recourses: taking in payment (the creditor becomes the owner and resells, hence the French term "reprise de finance"), the sale under judicial authority (the court authorizes the sale, the immovable is awarded at the buyer's risk, without legal warranty) and the sale by the creditor. The properties then come back on the market, often on Centris with the mention "reprise de finance", generally without legal warranty and without a detailed seller's declaration. The full mechanics, the risks and our free alert are on our page on foreclosures in Quebec.
The North Shore's single-family home rose 52 % in five years, the strongest rise in Greater Montreal, with Saint-Jérôme at +59 % and Mascouche at +54 %. The buyers of 2021 and 2022 financed at rates below 2 % renew in 2026 and 2027 at rates around 4.24 %: for a $500,000 mortgage, that is several hundred dollars more a month, and the owners who stretched with a 5 % down payment are the ones the 60-day notices reach first. That does not make a wave: the region's 28 days on market and 848 condos active (+40 %) show a market that absorbs, and most owners in difficulty sell on their own during the 60 days, at market price. But it makes 2026 and 2027 the years to have an alert set by sector and budget.
Montreal's North Shore is not a single market: across 2,934 single-family sales analyzed between September 16, 2025 and September 16, 2026, the median house ranges from $576,250 in Terrebonne to $854,700 in Rosemère, a 48% gap that changes a foreclosure's math entirely. Negotiation varies widely: the median discount on sales below asking is 2% in Mirabel and 3.7% in Rosemère, while the median time goes from 8 days in Mascouche to 15.5 days in Rosemère.
| City | Median price | Median time | Sold below asking | Median discount | Withdrawn without a sale | Price 2016 → 2026 |
|---|---|---|---|---|---|---|
| Terrebonne | $576,250 | 10 d | 52% | 2.2% | 24% | +130% |
| Repentigny | $585,000 | 10 d | 49% | 2.4% | 25% | +128% |
| Mascouche | $615,000 | 8 d | 49% | 2.4% | 25% | +141% |
| Boisbriand | $630,000 | 9 d | 54% | 2.9% | 33% | +126% |
| Sainte-Thérèse | $638,000 | 10 d | 62% | 2.5% | 21% | +152% |
| Mirabel | $650,000 | 14 d | 57% | 2% | 35% | +141% |
| Blainville | $718,250 | 12 d | 63% | 2.4% | 32% | +146% |
| Rosemère | $854,700 | 15.5 d | 69% | 3.7% | 32% | +123% |
The consequence for a foreclosure sold without a legal warranty: a 2.9% gap with comparables is a real bargain in Mirabel, but barely a normal negotiation in Rosemère; and in Mirabel, where 35% of ended listings were withdrawn without a sale against 21% in Sainte-Thérèse, owners in difficulty struggle most to sell before the notice runs out.
Over ten years, the median house rose the most in Sainte-Thérèse (+152%), and every city in the table is worth more today than at the 2022 peak: accumulated equity is what makes foreclosures rare on Montreal's North Shore, as owners sell on their own during the 60-day notice. On the inspection side, the oldest stock is in Sainte-Thérèse (62% of houses sold were built before 1980) and the most recent in Mirabel (10%): you do not look for the same defects in a foreclosure in one and the other.
Source: Centris (Matrix), Single-family form: sales and ended listings between September 16, 2025 and September 16, 2026 (compiled September 17 and 18, 2026) and the municipality's 2016-2026 annual statistics (compiled September 16, 2026). Aggregates only, compiled by the Loaa & Manseur team.
During the 60-day period, you can sell on your own, often at market price, and protect your equity. It is almost always the best outcome. Our team can schedule an urgent free valuation, without judgment and in full confidentiality.
Few, in a market that sells in 28 days: they are a small share of the listings, concentrated in the recent sectors and the 2015 to 2022 condos. The 2026-2027 renewals will add some, without making a wave, because most owners in difficulty sell on their own during the 60-day notice.
Rarely by much: with 28 days on market and a seller's market in every range, a foreclosure priced at market receives several offers. The saving is on the property that needs work you can price, or above $870,000 where inventory gives the buyer time.
Tell us the sectors and the budget; we set a free alert on the listings with the mention "reprise de finance" and on the prior notices we monitor, and we read the file (certificate of location, roll, inspection) with you before the offer.
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.
Équipe no 1 de RE/MAX Platine en 2024 et en 2025, 6e au Québec, 15e au Canada et dans le top 50 mondial au classement officiel RE/MAX. Réponse en moins de 24 heures, sept jours sur sept.