Market · Ville-Marie (downtown) (Montreal) · Q1 to Q3 2026 vs 2025
Are prices falling in Ville-Marie? Is the market going down? The numbers for the Ville-Marie (downtown) borough, quarter by quarter, 2026 vs 2025: median price, number of sales, days on market and sold-to-asking.
In Ville-Marie, in Q3 2026 (July to September), the median condo sold for $442,500, versus $445,850 in Q3 2025 (-0.8%); the median single-family house $1,842,500, versus $1,172,000 (+57.2%). Out of 6 quarter-by-quarter comparisons (houses and condos), the median price is up in 1 and down in 5. From January to September, 3,740 houses and condos sold in 2026 versus 3,917 in 2025 (-4.5%). A condo took 46 days to sell in Q3, versus 48 a year earlier. Source: Centris (Matrix), compiled on November 1, 2026.
The short answer
In Ville-Marie, in Q3 2026 (July to September), the median condo sold for $442,500, versus $445,850 in Q3 2025 (-0.8%); the median single-family house $1,842,500, versus $1,172,000 (+57.2%). Out of 6 quarter-by-quarter comparisons (houses and condos), the median price is up in 1 and down in 5. From January to September, 3,740 houses and condos sold in 2026 versus 3,917 in 2025 (-4.5%). A condo took 46 days to sell in Q3, versus 48 a year earlier.
Median price by quarter in Ville-Marie: 2026 vs 2025
| Quarter | Houses 2025 | Houses 2026 | Change | Condos 2025 | Condos 2026 | Change |
|---|---|---|---|---|---|---|
| Q1 (January to March) | $1,149,500 | $975,000 | -15.2% | $481,000 | $459,150 | -4.5% |
| Q2 (April to June) | $1,402,500 | $997,250 | -28.9% | $472,000 | $465,000 | -1.5% |
| Q3 (July to September) | $1,172,000 | $1,842,500 | +57.2% | $445,850 | $442,500 | -0.8% |
- Q1 (January to March): median price single-family house -15.2%, condo -4.5%; condos sales -5.5%.
- Q2 (April to June): median price single-family house -28.9%, condo -1.5%; condos sales -8.7%.
- Q3 (July to September): median price single-family house +57.2%, condo -0.8%; condos sales +1.3%.
Number of sales by quarter
| Quarter | Houses 2025 | Houses 2026 | Change | Condos 2025 | Condos 2026 | Change |
|---|---|---|---|---|---|---|
| Q1 (January to March) | 15 | 16 | +6.7% | 1,025 | 969 | -5.5% |
| Q2 (April to June) | 22 | 26 | +18.2% | 1,592 | 1,454 | -8.7% |
| Q3 (July to September) | 20 | 16 | -20.0% | 1,243 | 1,259 | +1.3% |
From January to September, 3,740 houses and condos sold in Ville-Marie in 2026, versus 3,917 in 2025 (-4.5%). By type: 58 houses (+1.8%), 3,682 condos (-4.6%). The sharpest drop: condos in Q2, 1,454 sales versus 1,592 (-8.7%).
Days on market and sold-to-asking price
| Quarter | Houses 2025 | Houses 2026 | Change | Condos 2025 | Condos 2026 | Change |
|---|---|---|---|---|---|---|
| Q1 (January to March) | 110 days | 72 days | -38 days | 55 days | 48 days | -7 days |
| Q2 (April to June) | 24 days | 35 days | +11 days | 41 days | 39 days | -2 days |
| Q3 (July to September) | 63 days | 61 days | -2 days | 48 days | 46 days | -2 days |
In Q3 2026, the median house took 61 days to sell (63 days in 2025); the median condo 46 days (48 days in 2025).
| Quarter | Houses 2025 | Houses 2026 | Change | Condos 2025 | Condos 2026 | Change |
|---|---|---|---|---|---|---|
| Q1 (January to March) | 98% | 95% | -3 points | 98% | 97% | -1 point |
| Q2 (April to June) | 97% | 96% | -1 point | 97% | 97% | stable |
| Q3 (July to September) | 95% | 92% | -3 points | 97% | 97% | stable |
In Q3 2026, condos sellers in Ville-Marie got 97% of the asking price at the median. Sold-to-asking is the sale price divided by the last asking price, at the median.
Is the market going down in Ville-Marie?
Here, the Q3 median price is below 2025 and sales are down: this is a borough where buyers have regained negotiating power. With fewer sales than in a whole city, a quarterly median also moves with the mix of properties sold: look at all three quarters together before drawing conclusions.
For Montreal as a whole, the median condo is +1.1% in Q3 2026 ($475,000) and January-to-September sales are -2.0%. In Ville-Marie, the median condo is -0.8% ($442,500) and sales are -4.5%. Prices are rising more slowly here than in the city as a whole. See the numbers for Montreal by quarter.
What it means for you
If you are buying
The market is still fast: come prepared, with a pre-approval in hand and a clear maximum price. To place Ville-Marie (downtown) within Montreal, see the Montreal market by quarter.
If you are selling
Buyers are still there. The right price from day one is still the key to selling fast and at the best price. See also days on market in Ville-Marie since 2016.
How to read these numbers
Centris (Matrix) statistics for the Ville-Marie (downtown) borough of Montreal, closed sales. House: Single-family category, all styles. Condo: Divided co-ownership category. A quarter covers sales closed during its three months: Q1 January to March, Q2 April to June, Q3 July to September. The median price is the middle price: half of sales closed above it, half below; it also moves with the mix of properties sold, especially where there are few sales. Fewer than 10 sales in a quarter: median, days on market and sold-to-asking left blank (n/a).
Frequently asked questions
Are prices going down in Ville-Marie in 2026?
In Q3, yes. The median condo sold for $442,500 in Q3 2026, versus $445,850 in Q3 2025 (-0.8%). Out of 6 quarter-by-quarter comparisons (houses and condos), the median price is up in 1 and down in 5.
Are fewer properties selling in Ville-Marie in 2026?
From January to September 2026, 3,740 houses and condos sold versus 3,917 in 2025 (-4.5%).
How long does it take to sell in Ville-Marie?
In Q3 2026, the median house took 61 days to sell (63 days in 2025); the median condo 46 days (48 days in 2025). It varies a lot by street, property style and price range.
How does Ville-Marie (downtown) compare with the rest of Montreal?
For Montreal as a whole, the median condo is +1.1% in Q3 2026 ($475,000) and January-to-September sales are -2.0%. In Ville-Marie, the median condo is -0.8% ($442,500) and sales are -4.5%. Prices are rising more slowly here than in the city as a whole. See the numbers for Montreal by quarter.
What will the market do in 2027?
Nobody knows the future; the numbers above describe what actually sold. For the trends to watch, see our Quebec real estate market forecast for 2027.
Source: Centris (Matrix), Statistics module, Montreal (Ville-Marie (downtown)), queries of November 1, 2026, closed sales, median sale price, number of sales, median days on market and sale-to-asking price, by quarter of 2025 and 2026; compiled by the Loaa & Manseur team, aggregates only. Past results do not guarantee the future.
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.