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Construction Market Intelligence
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Montréal construction market

What residential construction currently looks like in Montréal: activity relative to population, the building pipeline, nominal and real growth, and market mix — measured against 15 other Canadian markets.

Trailing 12 months ending June 2026 Quebec · census metropolitan area · population 4,597,837 (2025)

  • Apartment-heavy
  • Renovation-heavy
  • Moderate construction intensity

Key metrics

Housing starts per 1,000 residents
6.20
28,492 starts in 12 months
13th of 16
Housing completions per 1,000 residents
5.23
24,039 completions
14th of 16
Units under construction per 1,000 residents
7.76
35,697 units at period end
15th of 16
Pending starts per 1,000 residents
4.15
19,094 units · secondary indicator
5th of 16
Residential permit value growth (constant dollars)
+2.3%
Nominal +10.0%
7th of 16
Residential construction price growth
+7.4%
Year over year
3rd of 14
Renovation share of residential investment
58.3%
of residential investment
2nd of 16
Apartment share of housing starts
91.2%
of housing starts
1st of 16

Current observations

  • Montréal recorded 28,492 housing starts over the trailing 12 months ending June 2026 — 6.20 per 1,000 residents, 13th of 16 tracked markets (median 8.33).
  • 7.76 units per 1,000 residents were under construction at period end (15th of 16 tracked markets), 1.5 times the 5.23 per 1,000 completed over the past 12 months.
  • Residential permit value rose 10.0% nominally and approximately 2.3% after adjusting for construction prices.
  • Renovation accounts for 58.3% of residential investment (2nd of 16 tracked markets by renovation share). Apartments were 91.2% of housing starts and single-detached homes 4.7%.
  • Residential construction prices changed +7.4% year over year (3rd of 14 tracked markets by price growth).
  • Pending starts — permits issued but not yet started — stood at 4.15 per 1,000 residents (5th of 16 tracked markets). This is a secondary indicator of the current backlog, not a forecast.

Generated from the published values on this page using fixed rules. They describe current measured conditions and are not forecasts.

Historical context

Monthly, as trailing 12-month totals (except units under construction, a month-end stock), 2019 to June 2026.

Housing starts by dwelling type

Trailing 12-month starts. Multi-unit = semi-detached, row and apartment.

  • Single-detached
  • Multi-unit
Housing starts by dwelling type, Jan 2019 to Jun 2026. Latest: Single-detached 1,346; Multi-unit 27,146. Full values in the table below the chart.010,00020,00030,00040,00020192020202120222023202420252026
Show all monthly values as a table
Housing starts by dwelling type
Period endingSingle-detachedMulti-unit
January 20192,54123,096
February 20192,51722,149
March 20192,50623,108
April 20192,48522,791
May 20192,43723,238
June 20192,38223,913
July 20192,37624,493
August 20192,42125,554
September 20192,36124,897
October 20192,37124,745
November 20192,37424,093
December 20192,36922,743
January 20202,39623,401
February 20202,41923,731
March 20202,40622,625
April 20202,16420,289
May 20202,28620,838
June 20202,27920,773
July 20202,29121,682
August 20202,28921,807
September 20202,38422,906
October 20202,46322,273
November 20202,49423,536
December 20202,49324,781
January 20212,63325,087
February 20212,65026,686
March 20212,77727,569
April 20213,16330,663
May 20213,06530,290
June 20213,10030,219
July 20213,11229,782
August 20213,09729,780
September 20213,04029,922
October 20212,98130,297
November 20212,95630,322
December 20212,90129,442
January 20222,75729,038
February 20222,72927,162
March 20222,61326,707
April 20222,47526,364
May 20222,38126,965
June 20222,36026,772
July 20222,25426,377
August 20222,21325,655
September 20222,10424,965
October 20221,99525,120
November 20221,87523,158
December 20221,83322,316
January 20231,81421,606
February 20231,76121,392
March 20231,68120,393
April 20231,51918,793
May 20231,39516,773
June 20231,24914,717
July 20231,20213,627
August 20231,15013,601
September 20231,09714,222
October 20231,07713,325
November 20231,04413,438
December 20231,02114,214
January 20241,01614,140
February 20241,01614,060
March 20241,02714,041
April 20241,01114,014
May 20241,06415,563
June 20241,05117,630
July 20241,03117,445
August 20241,05917,359
September 20241,06815,779
October 20241,07815,621
November 20241,09417,165
December 20241,10716,463
January 20251,14517,768
February 20251,14817,814
March 20251,13618,946
April 20251,20019,647
May 20251,17819,944
June 20251,20619,683
July 20251,24221,271
August 20251,23321,680
September 20251,24523,167
October 20251,28424,578
November 20251,30725,195
December 20251,34726,430
January 20261,32425,336
February 20261,32825,486
March 20261,32425,996
April 20261,30126,425
May 20261,34426,872
June 20261,34627,146

Under construction and completions

Units under construction (month-end) and trailing 12-month completions.

  • Under construction
  • Completions (12 mo)
Under construction and completions, Jan 2019 to Jun 2026. Latest: Under construction 35,697; Completions (12 mo) 24,039. Full values in the table below the chart.020,00040,00060,00020192020202120222023202420252026
Show all monthly values as a table
Under construction and completions
Period endingUnder constructionCompletions (12 mo)
January 201926,28122,061
February 201926,23421,847
March 201928,21421,770
April 201928,96222,539
May 201929,30822,518
June 201930,30122,458
July 201928,73022,773
August 201928,05524,078
September 201927,55824,493
October 201928,76024,383
November 201929,16223,812
December 201928,90423,024
January 202029,48822,823
February 202029,31323,185
March 202029,11024,073
April 202028,82322,495
May 202029,35822,915
June 202030,94722,218
July 202030,32022,157
August 202029,97722,026
September 202030,54922,198
October 202031,10222,179
November 202032,21722,780
December 202031,58524,376
January 202132,93824,049
February 202134,71323,836
March 202136,17123,243
April 202137,53925,076
May 202138,41324,380
June 202138,29626,043
July 202138,98924,319
August 202138,20524,683
September 202138,24025,257
October 202139,27825,275
November 202141,11824,443
December 202140,78123,222
January 202240,48524,330
February 202240,63624,029
March 202240,96424,540
April 202242,38523,898
May 202242,73424,848
June 202243,47423,746
July 202243,25424,122
August 202242,14923,698
September 202242,55022,521
October 202242,52223,540
November 202241,47924,468
December 202238,82625,740
January 202338,86924,649
February 202338,28125,067
March 202336,75625,579
April 202336,30325,653
May 202335,31424,946
June 202334,04324,820
July 202333,01324,523
August 202332,20924,102
September 202333,56323,641
October 202333,39622,882
November 202333,05022,464
December 202332,93020,817
January 202432,70621,067
February 202431,52021,629
March 202430,82921,046
April 202431,30520,244
May 202432,56519,733
June 202432,31420,902
July 202431,49720,446
August 202430,90320,194
September 202428,39422,575
October 202427,50722,966
November 202428,21423,240
December 202427,72022,987
January 202528,82922,964
February 202528,74621,912
March 202529,48321,630
April 202529,78022,582
May 202530,62122,953
June 202531,31921,579
July 202530,50023,214
August 202530,29123,266
September 202531,63620,904
October 202532,70220,540
November 202533,71920,911
December 202533,62621,590
January 202633,85321,398
February 202632,93422,401
March 202633,54522,984
April 202634,41022,824
May 202635,83822,905
June 202635,69724,039

Residential permit value: nominal and constant dollars

Trailing 12-month value, $ millions. Constant dollars are Statistics Canada’s price-adjusted series.

  • Nominal
  • Constant dollars
Residential permit value: nominal and constant dollars, Jan 2019 to Jun 2026. Latest: Nominal $8,679M; Constant dollars $7,776M. Full values in the table below the chart.$0M$5,000M$10,000M$15,000M20192020202120222023202420252026
Show all monthly values as a table
Residential permit value: nominal and constant dollars
Period endingNominalConstant dollars
January 2019$6,896M$10,062M
February 2019$6,979M$10,163M
March 2019$6,707M$9,731M
April 2019$6,598M$9,533M
May 2019$6,636M$9,553M
June 2019$6,517M$9,351M
July 2019$6,405M$9,156M
August 2019$6,618M$9,436M
September 2019$6,384M$9,069M
October 2019$6,334M$8,972M
November 2019$5,952M$8,397M
December 2019$6,103M$8,571M
January 2020$6,218M$8,716M
February 2020$6,205M$8,680M
March 2020$6,138M$8,566M
April 2020$5,802M$8,080M
May 2020$5,753M$7,986M
June 2020$5,884M$8,147M
July 2020$5,928M$8,180M
August 2020$6,026M$8,279M
September 2020$6,261M$8,560M
October 2020$6,498M$8,840M
November 2020$6,767M$9,165M
December 2020$6,762M$9,098M
January 2021$6,720M$9,008M
February 2021$6,738M$8,992M
March 2021$7,056M$9,346M
April 2021$7,366M$9,693M
May 2021$7,834M$10,188M
June 2021$8,031M$10,331M
July 2021$8,107M$10,329M
August 2021$7,994M$10,087M
September 2021$7,887M$9,845M
October 2021$7,790M$9,605M
November 2021$7,802M$9,490M
December 2021$7,764M$9,287M
January 2022$7,811M$9,267M
February 2022$7,930M$9,313M
March 2022$7,834M$9,066M
April 2022$7,969M$9,093M
May 2022$7,529M$8,443M
June 2022$7,390M$8,157M
July 2022$7,321M$7,976M
August 2022$7,395M$7,963M
September 2022$7,261M$7,737M
October 2022$6,996M$7,386M
November 2022$6,763M$7,070M
December 2022$6,483M$6,710M
January 2023$6,225M$6,416M
February 2023$6,019M$6,172M
March 2023$5,857M$5,972M
April 2023$5,397M$5,477M
May 2023$5,384M$5,442M
June 2023$5,532M$5,574M
July 2023$5,503M$5,534M
August 2023$5,508M$5,529M
September 2023$5,615M$5,632M
October 2023$5,819M$5,832M
November 2023$5,894M$5,902M
December 2023$5,675M$5,681M
January 2024$5,730M$5,733M
February 2024$5,806M$5,806M
March 2024$5,834M$5,829M
April 2024$5,985M$5,975M
May 2024$6,100M$6,080M
June 2024$6,002M$5,968M
July 2024$6,177M$6,128M
August 2024$6,233M$6,167M
September 2024$6,301M$6,218M
October 2024$6,353M$6,254M
November 2024$6,376M$6,263M
December 2024$6,717M$6,587M
January 2025$7,071M$6,923M
February 2025$7,270M$7,103M
March 2025$7,422M$7,234M
April 2025$7,671M$7,454M
May 2025$7,827M$7,572M
June 2025$7,892M$7,600M
July 2025$7,586M$7,280M
August 2025$7,408M$7,081M
September 2025$7,549M$7,179M
October 2025$7,915M$7,480M
November 2025$8,017M$7,539M
December 2025$7,887M$7,383M
January 2026$7,955M$7,406M
February 2026$7,997M$7,400M
March 2026$8,009M$7,362M
April 2026$8,414M$7,665M
May 2026$8,344M$7,543M
June 2026$8,679M$7,776M

Market mix

Housing starts by dwelling type, 12 months

Housing starts by dwelling type in Montréal
Dwelling typeStartsShare
Single-detached1,3464.7%
Semi-detached3981.4%
Row7732.7%
Apartment and other25,97591.2%

Rental-intended starts: 84.6% of all starts.

Renovation vs. new construction

Renovation 58.3% New construction 41.7%

Share of residential building investment. Alterations are 18.3% of residential permit value (a separate source).

Growth: nominal and constant dollars

Nominal and constant-dollar growth, trailing 12 months ending June 2026 versus the prior 12 months
SeriesNominalConstant $
All residential permits+10.0%+2.3%
Single-dwelling buildings+8.3%+1.4%
Multiple-dwelling buildings+10.4%+2.5%
Residential building investment+19.7%+11.6%

Nominal growth includes construction-price change; constant-dollar growth is Statistics Canada’s price-adjusted series. They are shown side by side rather than subtracted.

All published metrics

All published construction metrics for Montréal, trailing 12 months ending June 2026
MetricMontréalDefinition
Population4,597,837July 1 population estimate for the census metropolitan area.
Housing starts, trailing 12 months28,492Dwelling units started over the trailing 12 months (CMHC Starts and Completions Survey).
Housing starts per 1,000 residents6.20Housing starts (all dwelling types) over the trailing 12 months divided by the CMA population estimate, per 1,000 residents.
Housing starts, change vs prior 12 months+36.4%Change in trailing-12-month housing starts compared with the 12 months before.
Housing completions, trailing 12 months24,039Dwelling units completed over the trailing 12 months.
Housing completions per 1,000 residents5.23Dwelling units completed over the trailing 12 months divided by the CMA population estimate, per 1,000 residents.
Completions, change vs prior 12 months+11.4%Change in trailing-12-month completions compared with the 12 months before.
Units under construction35,697Dwelling units under construction at the end of the reference period.
Units under construction per 1,000 residents7.76Dwelling units under construction at the end of the reference period (a stock, not a 12-month flow) per 1,000 residents.
Under construction, change vs a year earlier+14.0%Change in units under construction compared with the same month a year earlier.
Pending starts19,094Units with a building permit issued but not yet started, at the end of the reference period.
Pending starts per 1,000 residents4.15Units with a building permit issued but not yet started, at the end of the reference period, per 1,000 residents. A secondary indicator of the current pipeline, not a forecast of starts.
Pending starts, change vs a year earlier−20.9%Change in pending starts compared with the same month a year earlier.
Dwelling units authorized per 1,000 residents6.56Dwelling units created by building permits issued over the trailing 12 months, per 1,000 residents.
Authorized units, change vs prior 12 months+6.7%Change in dwelling units authorized by building permits compared with the prior 12 months.
Residential permit value, trailing 12 months$8.68BValue of residential building permits, current dollars.
Residential permit value growth (nominal)+10.0%Change in the value of residential building permits over the trailing 12 months versus the prior 12 months, in current dollars.
Residential permit value growth (constant dollars)+2.3%The same change measured with Statistics Canada’s constant-dollar permit values, which remove construction-price change.
Residential investment growth (nominal)+19.7%Change in residential building investment over the trailing 12 months versus the prior 12 months, current dollars.
Residential investment growth (constant dollars)+11.6%The same change measured in Statistics Canada’s constant-dollar investment series.
Residential construction price index (2023 = 100)112.0Average of the four latest quarterly index values, 2023 = 100. Each market is indexed to its own 2023 prices, so index levels show price change within a market and cannot be compared across markets.
Residential construction price growth+7.4%Change in the residential building construction price index (average of the four latest quarters versus the four before). Not published for every CMA.
Renovation share of residential investment58.3%Renovation spending as a share of total residential building investment over the trailing 12 months.
Alterations share of residential permit value18.3%Permit value for alterations and improvements as a share of all residential permit value — an independent view of renovation activity.
Apartment share of housing starts91.2%Apartment and other unit types as a share of all housing starts over the trailing 12 months.
Single-detached share of housing starts4.7%Single-detached units as a share of all housing starts over the trailing 12 months.
Rental share of housing starts84.6%Starts intended for the rental market as a share of all starts over the trailing 12 months.

Compare Montréal

Where Montréal ranks

Sources and data period

Figures cover the trailing 12 months ending June 2026, the latest period published for all 16 markets. Source data retrieved through September 12, 2026. This page was built on November 8, 2026; the build date is not the data period. Values not published by the source are shown as “Not published”, never estimated.

Methodology, definitions and limitations

Dataset generated September 13, 2026.

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    Construction Market Intelligence

    An independent publication built from official Statistics Canada and CMHC data. Current data: trailing 12 months ending June 2026.

    Contains information licensed under the Open Government Licence – Canada. Not affiliated with or endorsed by Statistics Canada or CMHC.