Toronto vs Montreal: Home Prices and Housing Market Compared
In October 2026, the average home in the Greater Toronto Area sold for $1,024,108, 50% more than the $681,957 average in Montreal. Over the past year, the average price fell 2.7% in the Greater Toronto Area and 0.4% in Montreal. The Greater Toronto Area is a buyer's market, while Montreal is a balanced market (sales at 37.9% and 52% of new listings). On a home at the average price, a buyer pays $16,957 in the Greater Toronto Area ($33,914 in the City of Toronto) and $8,340 in Montreal ($8,988 in the City of Montreal).
In this comparison, Toronto is the Greater Toronto Area, as its local board reports it.
Side by side
| Greater Toronto AreaOctober 2026 | MontrealOctober 2026 | |
|---|---|---|
| Price | $1,024,108 average | $681,957 average |
| Yearly change in price | -2.7% | -0.4% |
| Homes sold | 5,603 (-7.9% yearly) | 3,252 (-17.7% yearly) |
| Detached / single-family | $1,310,627 | $640,000 median |
| Condo / apartment | $621,400 | $430,500 median |
| Days on market | 31 days | Houses 36, condos 56 |
| Market conditions | Buyer's market (37.9% sales to new listings, 12-month) | Balanced (52% sales to new listings) |
| Months of inventory | 4.6 12-month | 5.4 12-month |
| Land transfer tax at that price | $16,957 ($33,914 in the City of Toronto) | $8,340 ($8,988 in the City of Montreal) |
Latest month of each report. Prices are averages of all homes sold unless marked; conditions come from the sales-to-new-listings ratio (a buyer's market below 40%, a seller's above 60%), or for Greater Vancouver's region from sales to active listings (below 12% and above 20%). Land transfer tax is worked out on the price in the first row with the land transfer tax calculator, before any first-time buyer rebate.
Toronto vs Montreal Housing Market: Quick Answers
Is Toronto more expensive than Montreal?
Yes. In October 2026, the average home in the Greater Toronto Area sold for $1,024,108, 50% more than the $681,957 average in Montreal.
Are home prices going up in Toronto or Montreal?
Over the past year, the average price fell 2.7% in the Greater Toronto Area and 0.4% in Montreal.
Is it easier to buy in Toronto or Montreal?
The Greater Toronto Area, going by market conditions. The Greater Toronto Area is a buyer's market, while Montreal is a balanced market (sales at 37.9% and 52% of new listings).
Full reports and tools
- Greater Toronto Area housing market report
- Montreal housing market report
- City vs City affordability comparison: what the same income buys in each city
- Land transfer tax calculator, with first-time buyer rebates
More comparisons
- Toronto vs Vancouver
- Toronto vs Calgary
- Vancouver vs Calgary
- Calgary vs Edmonton
- Montreal vs Quebec City
- Montreal vs Gatineau
- Quebec City vs Gatineau
- Toronto vs Ottawa
- Ottawa vs Montreal
- Ottawa vs Calgary
- Ottawa vs Vancouver
- Ottawa vs Edmonton
- Ottawa vs Winnipeg
- Ottawa vs Halifax
- Ottawa vs Kitchener-Waterloo
- Ottawa vs Hamilton
- Ottawa vs Gatineau
- Toronto vs London
- London vs Kitchener-Waterloo
- London vs Hamilton
- Ottawa vs London
- London vs Montreal
- London vs Calgary
- London vs Vancouver
- London vs Edmonton
- London vs Winnipeg
- London vs Halifax
- Mississauga vs Brampton
- Markham vs Richmond Hill
- Oakville vs Burlington
- Kitchener vs Waterloo
- North Vancouver vs West Vancouver
- Hamilton vs Burlington
The statistics on this page belong to the Toronto Regional Real Estate Board (TRREB) and the Quebec Professional Association of Real Estate Brokers (QPAREB). You may quote them with credit and a link: see using our data.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.