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Summary

The Median Price For A Family Home On The Island Of Montreal Is Now Close To $700,000

The median price of condos & plexes also increased.
The Median Price For A Family Home On The Island Of Montreal Is Now Close To $700,000
Bakerjarvis | Dreamstime
Reporter

The median price for a single-family home on the Island of Montreal reached $690,000 in the first few months of 2021, a new report by the Quebec Professional Association of Real Estate Brokers (QPAREB) shows.

At the same time last year, the median price for a single-family home on the Island was $542,000 — an increase of 27%.

Editor's Choice: Here's The Difference In Average Rent Prices In Montreal vs. Toronto This May

This is also an increase from the end of 2020 when the median price for a single-family home on the Island of Montreal was $630,000.

According to the QPAREB report, the median prices of condos and plexes on the Island of Montreal are also on the rise. 

The median price of condos went from $380,000 in the first quarter of 2020 to $400,000 in the first quarter of 2021, up 5%.

The median price of plexes rose 11% over the course of the year from $660,000 in the first quarter of 2020 to $733,500 in the first quarter of 2021. 

2020medianhomequarterincreaseislandsingle-family
MontrealReal EstateReal Estate

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      Lea Sabbah was a Staff Writer for MTL Blog. Previously, Lea was a radio host on CJLO 1690 AM and her work has been published by Global News, the Toronto Star, Le Devoir and the National Observer. In 2019, she was part of the investigative team that uncovered lead in Montreal's drinking water — a story which won Quebec's Grand Prix Judith-Jasmin. She's a graduate of the journalism program at Concordia University.

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