A shift in sellers’ expectations
More homes for sale do not automatically mean falling transaction prices. But they do change the negotiating environment. In its October 2026 Decoded Market study, QPAREB documented 67,500 downward asking-price revisions across Québec from January through September, affecting approximately 46,900 different properties. Those figures represent listing-price changes, not completed sales or a 67,500-home price decline.
What the data really measures
Adjustments averaged nearly 18.5 per month for every 100 active listings, versus roughly 17 over 2023–2025. The first asking-price reduction occurred after an average of 57 days in 2026, compared with about two months previously. These are Québec-wide patterns, not figures for the Montréal CMA alone.
Montréal deserves its own reading
In QPAREB’s January–August regional table, Montréal single-family listings that were reduced recorded a 3.8% average adjustment and a 57-day interval before the first revision. For condominiums, the corresponding figures were 3.1% and 60 days. The Montréal region in this table must not be confused with the wider Census Metropolitan Area. These measures describe asking-price adjustments—not final sale-price discounts.
Yucong Wang Team: price accurately before launch
For sellers, the lesson is not to lower the asking price automatically. Begin with comparable closed transactions, competing active listings, property condition and likely buyer profiles in the same micro-market. A downtown condo, a Brossard detached house and a small-income property each respond to different competition. An ambitious launch price can cost visibility; an informed one protects negotiating leverage.
Buyers: negotiate with evidence
More choice is useful, but a price reduction is not proof of a bargain. Review comparable sales, inspection findings, condo reserve-fund documents and carrying costs. An early, well-supported offer may be more effective than simply waiting for a second cut. Our perspective: in a market with more supply, local pricing discipline matters more than broad headlines.
Source: QPAREB / Centris · The Decoded Market, October 2026 (Québec-wide and regional data) · Read the official study (PDF)