MONTREAL’S $594,400 NIGHTMARE: Average house price hits record high as desperate families and immigrants are priced out of dream city

Shock figures reveal the average Montreal home now costs a staggering $594,400.

The astronomical sum means a typical family needs a six-figure income just to qualify for a mortgage.

The news, first reported by The Canadian Magazine of Immigration, has sparked fury among prospective buyers across Quebec.

Montreal was once seen as Canada’s last affordable major city.

Those days are now officially over.

Experts warn the crisis is pushing immigrants—the lifeblood of Quebec’s economy—to reconsider their future in the province.

“This is a disaster for integration,” said one housing analyst who requested anonymity. “Newcomers can’t build lives here anymore.”

The $594,400 figure represents a double-digit jump from just two years ago.

For context, that price would have bought a detached home in 2020.

Today, it barely gets you a modest duplex in the suburbs.

Canada Mortgage and Housing Corporation data shows Montreal’s market is now hotter than Toronto’s was in 2021.

Young Quebecers are particularly devastated.

Marie-Claude Dubois, 28, has been saving for six years while working two jobs.

She still can’t afford a down payment on a studio apartment.

“I was born here. My parents were born here. And I can’t even live here,” she said. “It’s humiliating.”

The Legault government faces mounting pressure to act.

But critics say their immigration policies are making things worse.

Quebec welcomes 50,000 newcomers annually but builds fewer than 30,000 homes per year.

The math doesn’t work.

“We’re inviting people to a party with no chairs,” said economist Pierre Lefevre.

IMMIGRATION DREAM SHATTERED

The Canadian Magazine of Immigration first broke the story last week.

Their investigation revealed immigrants are disproportionately affected by Montreal’s housing crisis.

Many arrived with substantial savings meant for down payments.

But those nest eggs are now worthless against soaring prices.

The magazine’s editor calls it a betrayal of Canada’s promise to newcomers.

“We tell them come, build a life. But we don’t provide the foundation,” she said.

Housing advocates are demanding an emergency summit with provincial leaders.

They want Quebec to double its housing construction targets immediately.

But developers blame municipal red tape and endless delays.

The blame game continues while families suffer in real time.

Google searches for “average house price montreal” exploded after the news broke.

The phrase trended number one across Canada for three straight days.

Everyone wants to know if they can still afford to live here.

The answer, for most, is a resounding no.

Tonight, thousands will scroll through listings they can’t afford.

They’ll do the math again and again.

And they’ll hope for a crash that experts say isn’t coming.

Montreal’s identity as a livable, affordable metropolis is dead.

What replaces it remains to be seen.

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