Compare markets
Montréal vs Toronto
Every current official measure published for both metros. Figures from different reference periods are flagged; measures missing for either metro are left out.
| Measure | Montréal | Toronto | Reference period |
|---|---|---|---|
| New housing price indexNew homes only; not a resale price measure. | 159.5+1.2% | 105.0−4.9% | Sep 1, 2026 |
| Housing starts (last 12 months) | 27,474 units+12.5% | 23,355 units−9.8% | Sep 1, 2026 |
| Completions (last 12 months) | 24,609 units+17.7% | 26,691 units−26.4% | Sep 1, 2026 |
| Homes under construction | 34,558 units+9.2% | 88,108 units−4.2% | Sep 1, 2026 |
| Dwelling units permitted (last 12 months) | 31,055 units+15.8% | 34,530 units−12.8% | Sep 1, 2026 |
| Rental vacancy ratePurpose-built apartments (6+ units); annual October survey. | 3.30%+0.8 pts | 3.00%+0.5 pts | October 2025 survey |
| Average rent, 2-bedroomPurpose-built rentals (row and apartment, 3+ units); annual October survey. | $1,346+14.5% | $2,045+3.7% | October 2025 survey |
| Asking rent, 2-bedroom apartmentExperimental estimate from new listings; not what sitting tenants pay. | $1,820−5.2% | $2,650−0.7% | Apr 1, 2026 |
| Paid rent, 2-bedroom apartmentExperimental estimate of rent paid by all renter households. | $1,360+12.4% | $2,160+3.3% | Apr 1, 2026 |
| Unsold new homes (unabsorbed inventory)Completed homeownership and condo units not yet sold or rented; excludes purpose-built rentals. | 231 units−2.9% | 527 units+5.0% | Sep 1, 2026 |
| New homes absorbed (last 12 months) | 823 units+11.4% | 3,195 units−21.9% | Sep 1, 2026 |
| Population | 4,597,837 persons+0.5% | 7,108,874 persons−0.0% | Jan 1, 2025 |
| Completions per 1,000 residents | 5.4 per 1,000 | 3.8 per 1,000 | Sep 1, 2026 |
| Starts per 1,000 residents | 6.0 per 1,000 | 3.3 per 1,000 | Sep 1, 2026 |