Houses under $500K · Montreal · 2016-2026
The number of houses sold under $500,000 and under $400,000 in Montreal every year since 2016, their share of sales, the year they stopped being the majority and what is still available under the threshold. Centris sales, nothing estimated.
In Montreal, 195 houses sold for under $500,000 from January to September 2026, or 9% of the 2,240 sales; in 2016, it was 2,435 out of 3,593 (68%), and in 2021, 975 (26%). Under $400,000, 55 remain in 2026 (2%) against 1,896 in 2016 (53%). The house under $500,000 stopped being the majority of sales in 2020. The median house, all prices combined, is worth $755,000 (+99% since 2016); the one that sells under $500,000 is worth $445,000 in median, against $330,750 in 2016. It is one of the cities where the fewest remain among the 50 tracked (median share 18%). Source: Centris (Matrix), compiled October 10, 2026.
The short answer
In Montreal, 195 houses sold for under $500,000 from January to September 2026, or 9% of the 2,240 sales; in 2016, it was 2,435 out of 3,593 (68%), and in 2021, 975 (26%). Under $400,000, 55 remain in 2026 (2%) against 1,896 in 2016 (53%). The house under $500,000 stopped being the majority of sales in 2020. The median house, all prices combined, is worth $755,000 (+99% since 2016); the one that sells under $500,000 is worth $445,000 in median, against $330,750 in 2016. It is one of the cities where the fewest remain among the 50 tracked (median share 18%).
Sales under $500,000 and under $400,000 by year
| Year | Sales (all) | Under $500K | Share | Segment median | Under $400K | Share | Median house |
|---|---|---|---|---|---|---|---|
| 2016 | 3,593 | 2,435 | 68% | $330,750 | 1,896 | 53% | $380,000 |
| 2017 | 3,910 | 2,442 | 62% | $340,000 | 1,798 | 46% | $405,004 |
| 2018 | 3,823 | 2,216 | 58% | $357,600 | 1,539 | 40% | $434,700 |
| 2019 | 3,897 | 2,022 | 52% | $373,000 | 1,278 | 33% | $465,000 |
| 2020 | 3,974 | 1,648 | 41% | $395,000 | 886 | 22% | $536,500 |
| 2021 | 3,800 | 975 | 26% | $421,000 | 385 | 10% | $633,500 |
| 2022 | 3,010 | 581 | 19% | $435,000 | 191 | 6% | $652,000 |
| 2023 | 2,825 | 558 | 20% | $440,000 | 167 | 6% | $645,000 |
| 2024 | 3,256 | 504 | 15% | $445,000 | 130 | 4% | $675,000 |
| 2025 | 3,375 | 347 | 10% | $444,000 | 96 | 3% | $721,750 |
| 2026 (Jan. to Sept.) | 2,240 | 195 | 9% | $445,000 | 55 | 2% | $755,000 |
Number of sales and median price by year, Single-family category, sale price criterion 0 to $500,000 and 0 to $400,000, Centris (Matrix), October 9-10, 2026 harvest; all houses: September 16 query. 2026: January to September.
What ten years of sales say in Montreal
- Sales under $500,000: 2,435 in 2016, 975 in 2021, 347 in 2025 (-86% in nine years), 195 from January to September 2026; the peak is 2017 (2,442). As a share of sales: 68% in 2016, 26% in 2021, 9% in 2026.
- Under $400,000: 1,896 sales in 2016 (53%), 385 in 2021 (10%), 55 in 2026 (2%); the house under $400,000 stopped being the majority in 2017.
- What you get under $500,000: the segment median went from $330,750 to $445,000 (+35%); it is closing in on the ceiling, a sign that the houses still under the threshold are the ones brushing it, not the smallest. The median house, meanwhile, is worth $755,000.
- Across the 50 cities tracked, sales under $500,000 went from 27,585 in 2016 (88% of sales) to 22,421 in 2021 (63%) and 13,206 in 2025 (39%); the house under $500,000 was the majority in 47 cities in 2016, it still is in 16 in 2026, and it weighs under 10% of sales in 16 cities.
What it changes for buying or selling in Montreal
In Montreal, the house under $500,000 has nearly vanished: 9% of sales in 2026, 195 transactions in nine months against 2,435 in 2016. The first-time buyer with a 5% down payment no longer buys a house here; they buy a condo (condo prices in Montreal) or move farther out. What still sells under the threshold are fixer-uppers and the smallest lots, and they go fast because competition in this segment is the strongest in the market. The seller who can list at $499,000 rather than $515,000 reaches a pool of buyers that no longer exists above. The minimum down payment in Montreal is detailed in down payment to buy in Montreal; the cheapest houses listed, in cheap houses for sale in Montreal.
How to read these figures
One number of sales and one share per year for all of Montreal. The segment median is the median price of only the houses sold under $500,000: when it sticks to the ceiling, the segment is on its way out. Houses under $400,000 are counted within those under $500,000. 2026 counts January to September, so the share is comparable but not the count.
Frequently asked questions
How many houses sell for under $500,000 in Montreal?
195 from January to September 2026, or 9% of house sales in Montreal; 347 over the whole of 2025. In 2016, 2,435 sold (68%).
And under $400,000?
Under $400,000, 55 sales in 2026 (2%) against 1,896 in 2016 (53%). It was the majority of sales until 2016.
Why are houses under $500,000 disappearing in Montreal?
Because the $500,000 threshold is fixed and prices are not: the median house in Montreal went from $380,000 to $755,000 (+99%) while the threshold stayed at $500,000. The share under $500,000 fell below 50% in 2020. Across the 50 cities tracked, it went from 96% to 18% in median.
Sources: Centris (Matrix), Statistics module, October 9 and 10, 2026 queries for the municipality of Montreal, Single-family category, sale price criterion 0 to $500,000 and 0 to $400,000, number of sales and median price by year; sales and median price of all single-family houses, September 16, 2026 query; compiled by the Loaa & Manseur team, aggregates only, current year partial. The houses under $500,000 in 50 cities hub compares the 50 cities.
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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.