New Condos Montreal
Montreal is a cultural hub, a center of education, and a haven for creativity. Home to 15 university institutions and over 90 colleges, this region is a unique breeding ground for innovators and creators. This dynamic environment fosters cutting-edge ideas and a forward-thinking atmosphere, making Montreal a fantastic place to live, learn, and thrive.
Montreal captivates with its cobblestone Old Montreal streets, artistic Plateau, and electrifying downtown nightlife, offering a neighbourhood for every taste. And with a wide range of new condos in Montreal available, you can find your perfect place to call home in this exciting city.
Montreal Pre-Construction Condo Market Trends 2025
According to our recent data, as of January 2025:
- In Montréal, pre-construction condos typically range from $500 to $1,000+ per square foot, with prices influenced by location, amenities, and the developer’s reputation.
- In the previous month, the average price of a home in Montréal was $640,500.
- Property values in Montréal are steadily rising, with an average annual increase of 13.5%.
- The average monthly rent in Montréal is approximately $1,864, indicating a high demand for rental properties.
- Montréal’s rental market is tight, with a vacancy rate of just 2.1%.
- New condos in Montréal generally sell quickly, spending around 45 days on the market.
- Detached homes in Montréal take slightly longer to sell, averaging about 51 days on the market.
Pre-Construction Condos Montreal
Reasons to Invest in Montreal
A Magnet for Talent and Investment
This dynamic city is a leader in high-growth sectors like aerospace, life sciences, and IT, attracting a skilled and educated workforce. This thriving job market fuels demand for new pre-construction condos in Montreal, making the city a compelling investment opportunity. Businesses can access a talented pool while investors benefit from a strong and growing housing market.
Future-Proofed City
Montreal is undergoing a major infrastructure upgrade. From improved transportation systems to expanded educational facilities and new healthcare and shopping centers, the city is investing heavily in its future. These developments enhance the quality of life for residents and make Montreal an even more attractive place to live, work, and invest in real estate, particularly for those considering condos for sale in Montreal.
Soaring Demographics, Booming Market
The city’s population is surging, with a record-breaking 4.3% increase (89,600 people) between July 2022 and 2023, marking the strongest growth in Quebec. This surge creates a hot housing market, with demand outpacing supply. New condos in Montreal are a perfect way to capitalize on this thriving market and secure your piece of this dynamic city.
Rental and Seller Market 2025
Rental Market
As of January 2025, the median rent in Montréal, QC is $1,864 for all types of properties and bedroom counts. This figure is 4% below the national average and also 4% lower compared to the previous year. Additionally, the average price per square foot in Montréal is $3.18.
Seller Market
In January 2025, the average price of a single-family home in Montreal rose by 6.4% compared to the previous year, reaching $640,500. Condos saw a year-over-year price increase of 5.0%, with the average selling for $410,200. Meanwhile, townhouses experienced a 5.1% rise, bringing their average price to $585,700.
We predict that Montreal’s real estate market will maintain its upward trajectory in 2025, with home prices anticipated to rise by 3-5% by year-end. This growth is driven by strong demand, even in the face of potential economic challenges. Inventory levels are expected to improve as new developments are completed, offering more opportunities for buyers, particularly in suburban areas. Meanwhile, the rental market is forecasted to remain robust, with rental prices likely increasing by 2-4%, especially in high-demand areas near downtown and educational institutions.
Average Renting and Selling Time in Montreal
-New Condos
Renting Time for Condos: Many Montreal condos are rented out quickly, often finding tenants within a few days to a few weeks.
Selling Time for Condos: New condos in Montreal exhibit a brisk sales pace, averaging only 51 days on the market.
-New Homes
-Renting Time for Homes: Leasing detached homes or townhome developments in Montreal is a streamlined process, completed in as little as 2-4 weeks.
-Selling Time for Homes: Strong buyer demand is driving a brisk sales market for detached homes in Montreal, with properties averaging a sale within 45 days.
Neighbourhoods
Southeast Montreal
This affluent area offers a fascinating duality. Downtown buzzes with shops and skyscrapers, ideal for professionals and urbanites. Steps away, Old Montreal’s charm transports you to Europe, perfect for history and food lovers.
1. Downtown
- Highlights: Modernity meets charm with shops lining Sainte-Catherine’s underground network. Stunning city views await from Place Ville Marie. The UQAM campus leads to the lively Latin Quarter, where Saint Denis Street offers student-friendly pubs, cafes, and restaurants.
- Perfect For: Busy professionals seeking a central location, shopaholics and foodies with a taste for high-end brands.
2. Old Montreal
- Highlights: A growing selection of new developments in Montreal emerging near the cobbled streets and historic treasures of Old Montreal. Explore Saint Paul Street, Notre-Dame Basilica, and the Marche Bonsecours.
- Perfect For: History lovers, foodies, and those seeking European charm.
Central Montreal
Central Montreal thrums with diverse energy. Art lovers flock to the Plateau’s colourful streets, while young professionals find trendy digs and eat in Mile End. Outremont offers a charming mix of historic streets and new builds in Montreal, perfect for families and foodies.
1. Plateau Mont-Royal
- Highlights: A mix of modern new homes in Montreal with easy access to green spaces, cafes and restaurants. Climb Mont Royal for stunning cityscapes, or groove to the Sunday tam-tams at its base. Explore the vibrant Plateau’s colourful row houses, then savour French fare at L’Express, a Parisian-style bistro.
- Perfect For: Young professionals, artists, and those seeking a vibrant, bohemian atmosphere.
2. Mile End
- Highlights: Once industrial, western Little Italy is now a hotbed for new developments in Montreal. Young professionals flock to the historic lofts and warehouses, fueling a wave of trendy restaurants like Manitoba, Dinette Triple Crown, Haricanna, and Mile-Ex.
- Perfect For: Young professionals, entrepreneurs, and those seeking a trendy, up-and-coming vibe
3. Outremont
- Highlights: A unique mix of stately homes, family apartments, and student vibes. New builds in Montreal mingle with historic charm on Bernard and Laurier Avenues, boasting trendy cafes, local boutiques, and a vibrant food scene.
- Perfect For: Young families, students, and those seeking a diverse, established neighbourhood.
Northwest Montreal
Northwest Montreal offers a vibrant living experience with distinct neighbourhoods like Park-Ex, Rosemont/Petite-Patrie, and Villeray. A selection of exciting Montreal condos for sale close to trendy cafes, delicious restaurants, and sprawling parks.
1. Park Ex
- Highlights: Boasting a strong working-class identity and exceptional diversity. Explore pre-construction townhouses in Montreal alongside established communities, with access to specialty shops, world-class food, and places of worship.
- Perfect For: Immigrants, budget-minded families, and those seeking a diverse community with global flavours.
2. Rosemont / Petite Patrie
- Highlights: Pe-construction projects in Montreal near Jean-Talon Market. Beaubien Street beckons with cafes, restaurants, and indie cinemas. Parc Molson is steps away for biking, walking, and morning jogs.
- Perfect For: Families, foodies, and those seeking a vibrant community.
3. Villeray—Saint-Michel—Parc-Ex
- Highlights: Parks, green spaces, and community gardens mingle with cafes, shops, and trendy restaurants. Jarry Park offers sports fields, a pool, and outdoor concerts, making it a vibrant hub for all ages.
- Perfect For: Families, and outdoor enthusiasts seeking a family-friendly vibe with parks.
Pros of Living in Montreal
- Incredible Arts and Culture Scene: Montreal’s vibrant essence stems from its intricate multicultural tapestry, housing over 120 cultural communities representing all five continents. Montreal ignites the senses for art and culture lovers. From the world-famous Cirque du Soleil to a flourishing performing arts scene, the city is a stage for captivating shows. Even the streets transform into open-air galleries with vibrant graffiti, adding another layer to Montreal’s dynamic cultural tapestry.
- Unique Architecture and History: Grand, heritage buildings stand as testaments to the city’s history, while bursts of contemporary art explode from vibrant murals. Explore a unique architectural blend at every turn, transforming your walk into a captivating journey. Montreal is a paradise for pedestrians, offering a feast for the eyes and a touch of the extraordinary.
- Budget-Friendly Lifestyle: Montreal offers a welcome relief for renters and investors. Compared to other major Canadian cities, pre-construction townhouses in Montreal boast significantly lower average rents. This translates to a more budget-friendly lifestyle, allowing you to allocate your hard-earned money towards exploring the city’s vibrant culinary scene, and cultural attractions, or even saving towards future goals.
- Montreal’s Dépanneurs: Montreal boasts a unique retail network of dépanneurs, exceeding the typical convenience store experience. These ubiquitous shops near townhouses for sale in Montreal seamlessly integrate into daily life, offering unparalleled accessibility.
Cons of Living in Montreal
- Language Barrier for Non-French Speakers: Montreal’s French culture can be a double-edged sword. While the city boasts bilingualism, French remains the dominant language. This can pose a challenge for non-French speakers who may face limitations in job opportunities and social interactions, especially outside of tourist areas.
- Harsh Winter Weather: Montreal’s charm comes with a side of harsh weather. Expect frigid temperatures, often dipping below -20°C, and significant snowfall. These winter conditions can make daily commutes and outdoor activities quite challenging.
Neighborhoods in Montreal
- Ahuntsic
- Anjou
- Bordeaux-Cartierville
- Chomedey
- Côte-des-Neiges (CDN)
- Côte-Saint-Paul
- Downtown Montreal
- Fabreville
- Griffintown
- Hampstead
- Hochelaga-Maisonneuve
- Île-des-Soeurs (Nuns' Island)
- Lachine
- Laval-des-Rapides
- Laval-sur-le-Lac
- Little Burgundy
- Mercier-Est
- Mile End
- Montréal-Nord
- Notre-Dame-de-Grâce (NDG)
- Old Montreal
- Outremont
- Parc-Extension
- Plateau Mont-Royal
- Pointe-Saint-Charles
- Pont-Viau
- Rivière-des-Prairies (RDP)
- Rosemont
- Saint-Henri
- Saint-Leonard
- Saint-Michel
- Sainte-Dorothée
FAQs About New Condos and New Homes in Montreal
Montreal Condos cater to a modern, amenity-rich lifestyle, featuring features like fitness centers, swimming pools, rooftop terraces, yoga studios, lounges, party rooms, and sometimes cinemas or co-working spaces.
Expect to pay an average of around $410,200 for a new condo in Montreal. This ballpark figure can be a helpful starting point for your budgeting process.
The Montreal housing market in 2025 is being driven by a combination of economic growth, population influx, declining mortgage rates, government policies, and limited supply. These factors are creating a competitive environment with rising prices and strong demand across all property types.
As of January 2025, detached single-family homes lead with an average price of $640,500, influenced by factors like land size and privacy. Townhouses present a mid-range option at $585,700, ideal for those seeking more space than a condo but at a potentially lower cost. Condominiums are the most affordable averaging $410,200, appealing to first-time buyers or those desiring low-maintenance living.
The new condo market remains robust, boasting an ample selection of available units. If you’re interested in investing in this vibrant city, please don’t hesitate to contact us for more information.
Many new pre-construction projects in Montreal boast convenient locations near highly-rated schools. This includes St. George’s School of Montreal, Royal West Academy, Vincent Massey Collegiate, and Lower Canada College.
Renting a condo in Montreal in January 2025 comes at a slightly higher price point than the previous year, with the average cost hovering around $1,864.
Given the current Sales-to-New-Listings Ratio (SNLR) of 79% in Montreal’s real estate market, conditions are presently advantageous for sellers.
The minimum down payment for new homes in Montreal depends on the purchase price. For properties under $500,000, you’ll need 5% down. If the price is between $500,000 and $999,999, you’ll need 5% for the first $500,000 and 10% for the rest. Anything over $1 million requires a 20% down payment.
Montreal’s public transit highlights:
- Metro: 4 lines connecting downtown, major sites, bus stops, and train stations.
- Buses: 200+ routes, 24-hour service.
- Trains: 6 lines connecting suburbs and regions.
- Affordable and convenient with seamless connectivity.
Montreal home seekers will find appeal in:
- Ville-Marie: Modern lifestyle and allure.
- Old Montreal: Rich history and waterfront views.
- Rosemont-La-Petite-Patrie: Abundant green spaces and parks, ideal for families.
These unique neighbourhoods cater to diverse preferences, blending contemporary living, accessibility, and natural beauty.
Montreal’s condo market is projected to experience steady growth in 2025, with prices rising between 5.0% and 6.0%, driven by strong demand, favourable mortgage conditions, and limited supply.
When buying new homes in Montreal, budget for closing costs including:
- Property evaluations: $300-$500
- Land surveys: $1,000-$2,000
- Title insurance: Variable
- Legal fees: $1,000-$3,000
- Mortgage default insurance: 2.8%-4% (smaller down payment)
- Taxes: PST on mortgage default insurance (8%), GST/HST on purchase price (6%-13% for new constructions)
Closing costs typically range from 1.5% to 4% (around 3%) of the purchase price, e.g., $7,500 to $20,000 for a $500,000 home.
Pre-construction homes in Montreal offer a tempting mix of affordability (potentially lower initial price), modern features, and customization options (layouts, finishes) – all backed by warranties and lower maintenance. While you wait for construction, existing homes offer the advantage of immediate occupancy. Consider your budget and timeline to find the townhouse for sale in Montreal that best suits your needs.
Platinum Condo Deals is your ultimate resource for Montreal condos for sale. Explore our curated database packed with comprehensive listings of pre-construction projects. Contact us today.
Related Blog
Top 15 Private Schools in Toronto
Best private schools in Toronto not only promise academic excellence but also wield a powerful influence on local real estate
Comprehensive Guide to Assignment Sales in Ontario’s Real Estate
Dive into the evolving landscape of Ontario’s real estate market with this detailed guide on assignment sales, a crucial mechanism
What Are the Different Types of Townhouses Available?
You may have noticed that townhouses come in many different styles, and it’s easy to get overwhelmed when choosing the
How Interest Rate Cuts Are Fueling Canada’s Economic Growth into 2025
On December 11, the Bank of Canada made a bold move, cutting the overnight interest rate by 50 basis points
How to Buy a Condo with Bad Credit in Canada: A Roadmap for Homebuyers
Buying a home is a major milestone for all of us. It’s a sign of achievement in life that can
Top 10 Largest Real Estate Companies in Canada
Are you curious about the biggest players in Canada’s real estate scene? Whether you’re hunting for a dream home, or
Awards & Achievement
Awards & Achievement