Update of the Downtown Real Estate Market: May 2026 versus May 2025
Ville-Marie Real Estate Market Update: May 2026 vs May 2025
Each month, Centris® data provide an overview of the health of the real estate market in the heart of Montreal. May 2026 is no exception: the Ville-Marie borough recorded overall lower sales activity, though price trends vary considerably by property type. Here’s what buyers, sellers and brokers in the borough should know.
Overview
In May 2026, 171 properties were sold in Ville-Marie for a total volume of $110.4 million, down from 203 sales totaling $134.9 million in May 2025 — a decrease of 16% in the number of transactions and an 18% drop in dollar volume. New listings also declined slightly (525 vs 540), while active inventory rose modestly (2,732 vs 2,691). Properties sold, however, moved off the shelves more quickly, with the average days on market dropping from 87 to 78 days.
That’s the big picture. The core story lies in price movements by property type.
Property TypeSales (May 2026)Sales (May 2025)Median Price 2026Median Price 2025VariationCondominium/Apartment147173465 000 $487 000 $-4.5 %Multifamily127890 000 $1 330 000 $-33.1 %*Triplex58810 000 $1 054 850 $-23.2 %*
*Small sample — interpret with caution.
Condominiums and Apartments: the Dominant Segment of the Borough
Condominiums and apartments — by far the most sold property type in Ville-Marie — accounted for 147 of the 171 May 2026 sales, versus 173 a year earlier. Prices also softened: the median price fell from $487,000 to $465,000 (-4.5%), and the average price from $639,265 to $604,106 (-5.5%). Sellers are also accepting slightly less versus municipal assessment, with the sale-to-assessment price ratio dropping from 107% to 97%.
Within this category, standard apartments — which make up the majority of condo sales — follow the same trend, with a median price decrease from $489,000 to $453,500.
Single-Family Homes: fewer comparable sales, more volatility
Single-family sales actually rose, from 7 to 12, but the median price fell sharply, from $1,330,000 to $890,000. With such a small sample, this reflects more which properties sold rather than a true market shift — a few high-end transactions in 2025 pushed last year’s median up. The average price tells a more nuanced story (from $1,111,286 to $984,000, a drop of about 11%), a likely more reliable read for this low-volume segment.
Income Properties (Duplex/Triplex/Quadplex): a Mixed Result
Duplexes, triplexes and quadruplexes totaled only 9 sales in May 2026, versus 13 in May 2025, with volume moving from $14.0 million to $8.0 million. Among these, triplexes — the most active plex type — saw their median price fall from $1,054,850 to $810,000. As with single-family homes, these samples are small and should not be interpreted as a broad trend without additional data.
Land and Commercial: too few sales to conclude
Land and commercial/industrial properties posted only one or two sales each in May 2026, a similarly small number as in May 2025. With volumes ranging from tens of thousands to a few million dollars and only a handful of transactions, these categories are not statistically meaningful from month to month — worth monitoring, but no price conclusions at this time.
In Summary
May 2026 figures for Ville-Marie paint a portrait of an arrondissement where condo/apartment prices — the segment with enough transaction volume for a reliable read — softened modestly year over year, while overall sales activity cooled. Single-family and plex prices moved more dramatically on paper, but with sales volumes in the single digits, these stats say more about the specific properties that sold than about the market's overall direction.
If you’re considering buying or selling in Ville-Marie, it’s best to evaluate price based on recent comparables rather than last year’s general figures. Feel free to reach out to me to discuss what this means for your property or your search.
— Alex, Real Estate Agent, RE/MAX Action Inc.
Source: Centris® municipality/borough statistics, revised June 1, 2026. For broker members only. Figures are approximate and low-sample categories should be interpreted with caution.
