Here are the real numbers for a first-time buyer in Blainville in 2026, based on market medians and the federal stress test in effect. No jargon, just the numbers.
88 k$
Min. income — condo $380K
112 k$
Min. income — townhouse $525K
135 k$
Min. income — single-family $685K
The 3 numbers-based scenarios
Scenario 1 — Condo $380,000
| 10% down payment | 38 000 $ |
| Mortgage (with CMHC) | 342 000 $ |
| Monthly payment (5% / 25 years) | ~1 990 $ |
| Taxes + fees + heating | ~750 $ |
| Required household income | ~$88,000/year |
Scenario 2 — Townhouse $525,000
| 15% down payment | 78 750 $ |
| Mortgage (with CMHC) | 446 250 $ |
| Monthly payment | ~2 596 $ |
| Taxes + heating | ~525 $ |
| Required household income | ~$112,000/year |
Scenario 3 — Median single-family $685,000
| 20% down payment | 137 000 $ |
| Mortgage (without CMHC) | 548 000 $ |
| Monthly payment | ~3 188 $ |
| Taxes + heating | ~700 $ |
| Required household income | ~$135,000/year |
The hidden costs not to forget: transfer duties (~1% of the price), inspection ($450-650), notary ($1,200-1,800), home insurance ($50-90/month), maintenance (1% of the price per year on average). Plan for 2 to 3% of the purchase price in additional liquidity for the first year.
The strategic angle: 10%, 15% or 20% down payment?
10% down payment (with CMHC)
- You enter the market sooner
- But a CMHC premium added to the mortgage (4%)
- Higher total payment over 25 years
- Good choice if prices rise quickly
20% down payment (without CMHC)
- No CMHC premium — savings of $8,000-15,000
- Lower monthly payment
- Requires more time to save
- Good choice if you have time and the market is stable
Tailor these calculations to your situation. My free calculators (payment and borrowing capacity) run in real time with your numbers. No email required.
To build your precise buying plan (with or without pre-approval), book an appointment. 20 minutes, no commitment.