The concept for Circuit Mont-Tremblant originated with local business owners and hoteliers seeking to extend tourism beyond the winter ski season. Construction was completed in two phases. The original 2.510 km (1.560 mi) layout opened in 1964, and the circuit was extended to 4.265 km (2.650 mi) in 1965. By September 1964, construction of the bridge, pit stalls, and media and officials’ facilities had been completed, enabling the circuit to host sports car and prototype events.
The expanded circuit debuted in September 1965 with the Player's Quebec Sports Car Race. On 11 September 1966, the circuit hosted its first Canadian-American Challenge Cup (Can-Am) race. In 1967 and 1968, it hosted consecutive USAC Indy Car twin 100-mile double-header events. Throughout the late 1960s and 1970s, Circuit Mont-Tremblant was a regular venue for major North American racing series, including Can-Am, Trans-Am, Formula 5000, and Formula Atlantic. Notable drivers who competed at Circuit Mont-Tremblant during this period include Mario Andretti, Chris Amon, Alan Jones, A. J. Foyt, Gordon Johncock, Parnelli Jones, Jacky Ickx, Denny Hulme, Bruce McLaren, Mark Donohue, Dan Gurney, Roger Penske, Peter Revson, Jochen Rindt, Jackie Stewart, John Surtees, Al and Bobby Unser, and Gilles Villeneuve. The circuit hosted the Formula One Canadian Grand Prix in 1968 and 1970.
In the 1980s and 1990s, the circuit regularly hosted prominent Canadian national racing series, including the Rothmans Porsche (Turbo) Cup, Players GM Challenge Series, Honda-Michelin Series, Export A Formula 2000, and the Canadian Formula 1600 Championship. These series played a significant role in the development of Canadian racing talent, including Paul Tracy, Scott Goodyear, Ron Fellows, Greg Moore, Richard Spenard, Patrick Carpentier, and Alex Tagliani.
Circuit Mont-Tremblant is home to the Jim Russell Racing Driver School, established in 1969. The school has produced a number of internationally successful drivers, including Gilles Villeneuve, Jacques Villeneuve, Lance Stroll, and Nicholas Latifi. A CIK-FIA–rated karting facility was added in 2010 to support driver development programs and has hosted Canadian national karting events.
In the 2000s, new ownership initiatives focused on upgrading the facility to improved FIA standards while preserving the circuit's original character. Improvements included track resurfacing and widening, pit lane expansion, and increased run-off areas. These upgrades enabled the return of major racing categories, including sports car racing, open-wheel events, superbike racing, and historic motorsport. The circuit continues to be used extensively for club racing, corporate events, manufacturer programs, and vehicle launches. On 21 July 2022, the Circuit Mont-Tremblant complex was acquired by 11938053 Canada Inc., a company owned by Montreal businessman Gad Bitton of the Holand Automotive Group.
Current events include the Classique Printemps, Classique Été, and Classique Automne. Former events include the Atlantic Championship, Can-Am, Canadian Superbike Championship, Canadian Touring Car Championship, Champ Car World Series, Formula One Canadian Grand Prix, Grand-Am Cup, IMSA GT3 Cup Challenge Canada, Rolex Sports Car Series, SCCA Continental Championship, Trans-Am Series, USAC Championship Car, and United States Road Racing Championship.