As of late 2023, the average home price in Montreal varies significantly by neighborhood and property type. In the downtown core, prices have surged, with average condos selling for around CAD 500,000 to CAD 600,000, reflecting the high demand for urban living. In more suburban areas, such as Laval or Longueuil, single-family homes are typically priced between CAD 400,000 and CAD 600,000. Conversely, more upscale neighborhoods like Westmount and Outremont often see home prices exceeding CAD 1 million. The market is particularly competitive, with many homes receiving multiple offers and selling above asking price, driven by factors like low mortgage rates and increasing interest from first-time buyers and investors alike.