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Quebec Mortgage Affordability Calculator (2026): Income Needed to Buy

Updated

Quebec’s provincial prices and a Greater Montreal estimate are compared here with the income needed to buy.

Household income (before tax, a year)
Savings for the down payment
Other debt payments ($ a month)
Mortgage rate (%), blank for the current average
Amortization (years)
Property tax (% of price a year)
Heating ($ a month)
Condo fees ($ a month)
Most you can spend on a home
Down payment
CMHC insurance premium
Mortgage (with premium)
Qualifying (stress test) rate
Actual monthly payment

Income needed for a typical home

AreaPrice measurePriceIncome needed, minimum downIncome needed, 20% down
QuebecMLS HPI benchmark$540,800$123,300$106,400
QuebecAverage sale price$565,212$128,500$111,000
Greater MontrealAverage price (aggregator estimate)$689,824$154,700$134,500

Prices: provincial REALTOR association figures on CREA Stats (August 2026); Greater Montreal: WOWA estimate from Quebec Professional Association of Real Estate Brokers data (August 2026). Incomes: this site's calculation, with the assumptions on the calculator page.

Greater Montreal

Greater Montreal’s average price, a WOWA estimate from QPAREB data, was $689,824 for August 2026. Qualifying at that price takes about $154,700 with the minimum down payment and $134,500 with 20% down. See the Greater Montreal housing market page.

Closing costs

Closing costs are on top of the down payment: see closing costs in Quebec.

Sources

The figures and rules on this page come from these sources, last checked against them between September 24, 2026 and September 25, 2026. How we check facts.

9 more sources