Montreal's residential real estate market in June 2026 reveals a stark two-speed dynamic, according to the Indice Tardif released by Endurance Groupe Immobilier par Tardif. The overall index stands at 29 out of 100, placing the market in a slight buyer's zone, yet the duplex segment soars to 82 out of 100, indicating a strong seller's market. This divergence underscores deep segmentation across property types and territories on the Island of Montreal.
Key Figures for June 2026
The Indice Tardif, designed by David Tardif, a real estate broker licensed by the OACIQ, assigns a transactional-conditions score to each segment, combining zone and property type. The overall score of 29/100 masks significant variation. The duplex leads at 82/100 (strong seller), while multiplexes of five units or more fall to 11/100 (strong buyer). Other segments include fourplex at 75/100 (slight seller), triplex at 57/100 (balanced), single-family at 37/100 (slight buyer), and condominium at 22/100 (slight buyer).
Activity is easing: there were 1,272 firm sales in June 2026, down 11.7% year over year, while expired listings increased by 31.7%. Median prices remain resilient: condominiums at $493,000 (+1.6%), single-family homes at $834,000 (+3.0%), and plexes at $920,000 (+0.8%). Notably, 31.0% of sold properties had their price reduced, 19.5% closed above asking with a median overbid of +3.4%, and the median time on market was 45 days.
Behind the Average: Segment-by-Segment Analysis
The overall score of 29/100 reflects three distinct readings: the balance of power by property type, the mechanics of negotiation, and the per-door economics of plexes. The gap between segments ranges from 11/100 for 5+ unit multiplexes to 82/100 for duplexes, illustrating two opposite markets on the same island in the same month.
Transaction Microstructure
The market is cooling in volume but not yet in value. Four indicators illuminate negotiation mechanics: 31.0% of properties had to cut their price (up from 27.5% a year earlier), 27.4% of sales closed at or above asking (19.5% above), the median overbid when a sale exceeds asking is +3.4% (mean +4.5%), and the median sold price to initial list price ratio is 96.8%, equating to a median discount of approximately $19,900. The median time on market is 45 days.
Overbidding is more frequent in small plexes, but its magnitude remains modest across the board. For triplexes, fourplexes, and 5+ unit multiplexes, the median overbid is based on small samples (16, 11, and 5 sales above asking, respectively), making these figures indicative only.
Full Territorial Breakdown
The complete Indice Tardif report includes scores for all 34 territories of the island, borough by borough, providing a granular view of market conditions across Montreal. According to David Tardif, 'The duplex's strength contrasts sharply with the weakness in larger multiplexes, reflecting divergent investor and buyer sentiment.'
