Mont-Royal, Mont-Royal - August 2026 Real Estate Report

Mont-Royal Real Estate Right Now: Strong Prices, But Watch the Drift

The Vibe on the Ground

If you own a home in Mont-Royal and you haven't checked your property value lately, now is the time to pay attention. Prices are still sitting at a level most Montreal neighbourhoods would envy - but there are some early signals worth knowing about before you make any moves.

Houses: Still Premium, But Easing Off the Peak

The average sale price for a house in Mont-Royal is sitting at $1,984,450. That is not a number you see in most Montreal postal codes. Price per square foot comes in around $764, which tells you this market is still firmly in luxury territory.

That said, the predicted market value for houses is $2,075,533 - and that number is drifting down from the 3-month moving average of $2,089,524. Property values have shifted by -0.94% recently. Not a crash. Not even close. But the market is taking a breather, and we should be honest about that.

• Average sale price (Houses): $1,984,450
• Price per square foot: $764
• Predicted market value: $2,075,533
• 3-month moving average: $2,089,524
• Recent value change: -0.94%
• Estimated monthly rent: $6,914
• Rental yield: 3.79%
• Properties sold last period: 4

Four sales in the period is a thin number. Low volume means each sale carries more weight in moving the average up or down. One outlier deal can shift the whole picture. Keep that in mind when reading the data.

On the rental side, $6,914 per month in estimated rent with a 3.79% yield is a solid return for a property in this price range. If you are holding a house here as an investment, that yield is doing real work for you.

Condos: A Tick Below Outremont, Still Holding Value

The condo story in Mont-Royal is a bit different. The average HonestDoor Price for condos is $686,056 - up 0.80% from the previous period. But the predicted market value sits at $672,907, which is running below the 3-month moving average of $681,213. Recent value change is -1.75%.

For context, nearby Outremont condos are predicted at $714,315. So if you own a condo here and have been assuming you are at the top of the local market, the data says Outremont has a slight edge right now.

• Average HonestDoor Price (Condos): $686,056
• Recent HonestDoor Price change: +0.80%
• Predicted market value: $672,907
• 3-month moving average: $681,213
• Recent value change: -1.75%
• Estimated monthly rent: $3,103
• Rental yield: 3.52%
• Airbnb estimate: $157 per night

The Airbnb rank for Mont-Royal condos is 1 in the area. If short-term rental income is part of your strategy, this neighbourhood is the top pick among comparable areas.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is the thing about your city assessment - it is a snapshot taken in the past. By the time it lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time using actual sales data and market signals. It is the number that reflects what a buyer would actually put on the table today, not what a government evaluator estimated 18 months ago.

Right now, the average HonestDoor Price for houses in Mont-Royal is $2,097,131 - up 0.79% from the previous period. For condos, it is $686,056 - up 0.80%. If your tax assessment is lower than those numbers, you may be sitting on more equity than you think. If it is higher, that is useful to know before you price a listing.

Checking your HonestDoor Price takes two minutes and gives you a real-world anchor for any conversation with a buyer, a bank, or a real estate agent.

The Neighbourhood Leaderboard

On the growth leaderboard, Mont-Royal houses rank 1 out of 1 compared to similar neighbourhoods - which puts them at the bottom of the local growth rankings right now. Same story for condos. This does not mean the neighbourhood is struggling. It means the comparable set is small and the recent dip in values has nudged the ranking down. Mont-Royal is still one of the most expensive addresses in the city. The leaderboard stat is a short-term signal, not a verdict on the neighbourhood.

So What Does This Mean If You Are Thinking About Selling This Summer?

Straight answer: the window is still open, but it is not as wide as it was six months ago.

House prices are holding above $1.9 million on average, and the HonestDoor Price suggests real-world value closer to $2.1 million. That gap between sale price and estimated value is worth a conversation with your agent about how you price the listing. Come in too high and you sit. Come in sharp and you move.

For condo owners, the -1.75% recent value shift is the number to watch. It is not dramatic, but if you are planning to sell, getting ahead of further softening makes sense. Summer inventory in Mont-Royal tends to be limited, which works in a seller's favour - but only if the listing is priced to match what buyers are actually seeing in the data.

Bottom line: Mont-Royal is still a premium market. But right now, the sellers who win are the ones who price with current data - not last year's assessment and not wishful thinking. Check your HonestDoor Price, have an honest conversation about timing, and move with the market instead of against it.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.