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Montréal

Quebec

Statistics Canada geography code 2466023 · census subdivision

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MARKET SCORE

70 / 100
Moderate fundamentalsConfidence: Medium

Model CS-MI-1.0 · calculated 2026-09-30

Market snapshot

Population

1,791,508

Period: 2022

Source: Statistics Canada

Confidence: high

Unemployment rate

6.3%

Period: 2024

Source: Statistics Canada

Confidence: high

Average rent

$1,346

CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".

Source: Canada Mortgage and Housing Corporation

Confidence: high

Rental vacancy rate

2.9%

CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".

Source: Canada Mortgage and Housing Corporation

Confidence: high

Population trend

+5.3% 2013–2022 · Calculated
1,841,6421,762,3151,682,987201320182022

Source: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138979973) · published 2023-01-11

What drives this market?

These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.

  • Manufacturing22% of local drivers

    The aerospace cluster - Bombardier, Airbus Canada, Pratt & Whitney Canada, Bell Textron and CAE - makes Montréal one of three global aerospace centres alongside Seattle and Toulouse.

  • Education18% of local drivers

    McGill, Université de Montréal, Concordia and UQAM give the city one of the highest student concentrations in North America.

  • Technology16% of local drivers

    Artificial intelligence research anchored by Mila, alongside a large video game and visual effects sector drawn by provincial tax credits.

  • Health Care14% of local drivers

    The CHUM and the McGill University Health Centre are among the largest hospital complexes in Canada.

  • Government12% of local drivers

    Municipal administration and the provincial and federal offices serving Quebec’s largest city.

  • Transportation8% of local drivers

    The Port of Montréal is the largest container port on the St. Lawrence and a main eastern gateway.

  • Construction6% of local drivers

    Residential and transit construction, including the RÉM light rail network.

  • Tourism4% of local drivers

    A substantial festival and convention economy concentrated in the summer months.

Rental market

Average rent

$1,346

CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".

Source: Canada Mortgage and Housing Corporation

Vacancy rate

2.9%

CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".

Source: Canada Mortgage and Housing Corporation

All data for this market

MetricPeriodValueTypeConfidenceSource
average rent—$1,346observedhighCanada Mortgage and Housing Corporation
population20221,791,508observedhighStatistics Canada
population20211,777,651observedhighStatistics Canada
population20201,823,336observedhighStatistics Canada
population20191,817,910observedhighStatistics Canada
population20181,783,399observedhighStatistics Canada
population20171,744,794observedhighStatistics Canada
population20161,720,806observedhighStatistics Canada
population20151,712,551observedhighStatistics Canada
population20141,711,278observedhighStatistics Canada
population20131,701,293observedhighStatistics Canada
rent change pct—7.2%observedhighCanada Mortgage and Housing Corporation
unemployment rate20246.3%observedhighStatistics Canada
unemployment rate20235.2%observedhighStatistics Canada
unemployment rate20224.8%observedhighStatistics Canada
unemployment rate20217%observedhighStatistics Canada
unemployment rate202010.1%observedhighStatistics Canada
unemployment rate20195.6%observedhighStatistics Canada
unemployment rate20186.1%observedhighStatistics Canada
unemployment rate20176.5%observedhighStatistics Canada
vacancy rate—2.9%observedhighCanada Mortgage and Housing Corporation

Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.