Montreal West Island Real Estate market insights from Pearl Kezele & Jason Fitzpatrick

Royal LePage published its Q3 2026 House Price Survey today, and the headline says it plainly: Quebec's housing market is shifting gears, and buyers are regaining the upper hand.

After several years of limited inventory and fierce competition, the survey describes a market moving beyond stabilization into a period of adjustment—a transition, in Royal LePage's words, from gradual stabilization to genuine readjustment.

Here's the Snapshot:

Greater Montreal: Aggregate home price $653,700, up 2.9% year-over-year

Quebec overall: $470,900, up 2.3% year-over-year, but down 2.8% from the second quarter

Single-family detached (Quebec median): $506,100, up 2.6% year-over-year

Condos (Quebec median): $403,100, up 0.8% year-over-year

Nationally: $810,000, down 0.8% year-over-year (Toronto down 3.7%, Vancouver down 4.0%)

The year-over-year numbers are still positive. The quarter-over-quarter numbers tell the real story: momentum is fading.

Readjustment, in Plain Language

Every market moves in phases. The frenzy years—bidding wars, bully offers, sold over asking in days—gave way to stabilization. Now we're entering readjustment:

More listings (notably on Montreal's South and North Shores)

Homes taking longer to sell

More transactions closing after price reductions

Buyers who compare, negotiate, and walk away from overpriced listings

This isn't a downturn. It's the market drifting back toward balance, which—after the extremes of the last few years—is healthy. Buyers get choice and breathing room; sellers keep their equity but lose the luxury of naming any price.

What It Means If You're Selling in the West Island

Your equity is holding—the Greater Montreal aggregate is still up nearly 3% year-over-year. But it's not automatic anymore.

The survey's clearest message to sellers: set the right price from day one. Overpriced listings are the ones sitting longer and eventually selling after reductions. In a market with growing supply, the well-priced home stands out; the aspirational one funds the buyer's negotiation.

What It Means If You're Buying

This is the most buyer-friendly setup Quebec has seen in several years: more inventory, more time to decide, and real negotiating power—especially in the condo segment, where Royal LePage expects slight short-term downward corrections in Montreal.

That said, well-priced West Island single-family homes are still moving. Choice doesn't mean endless choice.

Three Wildcards Worth Watching

Royal LePage flags three reasons some buyers are sitting on the sidelines:

The PQ election and the political transition it brings

The possibility of a Bank of Canada rate rise (next decision October 28)

Uncertainty around U.S. tariffs

We're watching all three—and we'll tell you what they actually mean for West Island prices when the facts land, not before.

The Bottom Line

At Montreal West Island Real Estate, we read Q3 as confirmation of the phase shift: a market moving from sellers' frenzy through stabilization into readjustment. Every phase has its opportunities—this one rewards prepared sellers and patient buyers.

And it's exactly the kind of market where deep local experience earns its keep: knowing which street holds its premium, which listing will sit, and what your neighbour's place actually sold for.

Curious what your West Island home could sell for in this market?

Ask Pearl & Jason for a free, no-obligation valuation—personalized, with recent sold comparables in your neighbourhood, within 24 hours:

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Pearl Kezele & Jason Fitzpatrick (Team Kezele)

Royal LePage Village, West Island Montreal

Pearl brings 42+ years of local real estate experience.

Buyers Regain the Upper Hand: Royal LePage Q3 2026 Survey | Pearl Kezele & Jason Fitzpatrick

Royal LePage's Q3 2026 survey: Quebec's market shifts as buyers regain the upper hand. Greater Montreal $653,700. What readjustment means for West Island buyers and sellers.

Buyers Are Regaining the Upper Hand: What Royal LePage's Q3 2026 Survey Means for the West Island