🎯 Calculate your borrowing capacity for a condo
Find out the maximum price you can afford
Calculate my capacity →Condos remain the most accessible way to become a homeowner in Montreal in 2026. With a median price of $428,000 (+2% vs 2025) and the FHSA and HBP programs, the down payment is no longer an insurmountable obstacle.
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📊 Montreal Condo Market 2026
$428,000
Median condo price
+2%
Increase vs 2025
~3.69%
5-year fixed rate
Montreal’s condo market is balanced in 2026. Inventory is sufficient for buyers to take their time, while maintaining moderate upward pressure on prices.
💰 Down Payment and Financing
The minimum down payment is 5% for properties under $500,000. Here’s how to maximize your down payment:
$40,000
FHSA (lifetime limit)
$60,000
HBP (per person)
$100,000
Combined total
💡 Tip: for a $428,000 condo, the minimum down payment (5%) is $21,400. By combining FHSA and HBP, you can easily cover 20% ($85,600) and avoid CMHC insurance.
📋 Condo Fees to Verify
1. 💵 Monthly fees — Typically $200-$500/month, covering maintenance, insurance, administration
2. 🏦 Contingency fund — Must represent at least 5% of annual budget (Bill 16)
3. ⚠️ Special assessments — Check for upcoming ones (roof, elevator, facade)
4. 📄 Board minutes — Read the last 2 years to detect issues
🏠 Best Affordable Neighbourhoods for a Condo
1. 🏙️ MHM — ~$428,000, 5 metros, revitalizing rapidly
2. 🌊 Verdun — ~$440,000, canal access, vibrant neighbourhood life
3. 🏞️ LaSalle — ~$395,000, St. Lawrence riverfront, family-friendly
4. 🏡 RDP — ~$375,000, spacious condos, nature access
5. 🏘️ Saint-Leonard — ~$385,000, community-oriented, affordable
⚖️ Divided vs Undivided Co-ownership
✅ Divided
Your own cadastral lot
Standard financing (5% min)
Easier resale
Condo syndicate governance
⚠️ Undivided
Share of a common lot
20% minimum down payment
More complex resale
Agreement between owners
Ready to buy your condo in Montreal?
Calculate your borrowing capacity and find the ideal condo.
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