Rental condo · Montréal-Nord · 2026
The median condo in Montréal-Nord rented at the median rent of the past twelve months: gross yield and yield net of fees, mortgage at 20% down at the rate actually charged, monthly cash flow, principal repaid, and the price or rent that would bring the calculation to zero. Centris leases and sales, nothing estimated.
In Montréal-Nord, the median condo sold in 2026 ($365,000, 126 sales) rents for $1,500 a month in median (88 Centris leases from September 16, 2025 to September 16, 2026): a gross rental yield of 4.9% and, once the median condo fees in Montreal ($325) are removed, 3.9% before taxes, insurance, maintenance and vacancy. Financed with 20% down ($73,000, the minimum for a unit the buyer does not live in) at the 5-year rate charged in 2026 (4.14%), the condo costs $1,558 in mortgage and $325 in fees a month: the rent covers 80% of those outflows, for a cash flow of -$383 a month, which the investor has to make up out of pocket every month, in line with the 50 cities and boroughs tracked (median -$320 a month). But $559 a month of the mortgage repays principal in the first year: cash flow and principal together, the $73,000 down payment returns 2.9% in the first year, not counting appreciation or the expenses left out of this calculation. Sources: Centris, Bank of Canada, compiled October 8, 2026.
The short answer
In Montréal-Nord, the median condo sold in 2026 ($365,000, 126 sales) rents for $1,500 a month in median (88 Centris leases from September 16, 2025 to September 16, 2026): a gross rental yield of 4.9% and, once the median condo fees in Montreal ($325) are removed, 3.9% before taxes, insurance, maintenance and vacancy. Financed with 20% down ($73,000, the minimum for a unit the buyer does not live in) at the 5-year rate charged in 2026 (4.14%), the condo costs $1,558 in mortgage and $325 in fees a month: the rent covers 80% of those outflows, for a cash flow of -$383 a month, which the investor has to make up out of pocket every month, in line with the 50 cities and boroughs tracked (median -$320 a month). But $559 a month of the mortgage repays principal in the first year: cash flow and principal together, the $73,000 down payment returns 2.9% in the first year, not counting appreciation or the expenses left out of this calculation.
The rental condo calculation in Montréal-Nord
| Measure in Montréal-Nord, 2026 | Value | Detail |
|---|---|---|
| Median rent (12 months, 88 leases) | $1,500 | $1,300 to $1,700 |
| Median condo 2026 (126 sales) | $365,000 | 20% down: $73,000, loan $292,000 |
| Gross rental yield | 4.9% | annual rent ÷ price; price = 20.3 years of rent |
| Yield net of condo fees | 3.9% | (rent − fees) × 12 ÷ price, before taxes, insurance, maintenance, vacancy |
| Mortgage at 20% down, 4.14%, 25 years | $1,558 | of which interest $999 and principal $559 in the first year |
| Median condo fees in Montreal | $325 | whole-city sales |
| Break-even rent (mortgage + fees) | $1,883 | the median rent is 80% of that amount |
| Monthly cash flow | -$383 a month | -6.3% of the down payment per year |
| Cash flow + principal repaid, year 1 | $2,112 a year | 2.9% of the down payment, without appreciation |
| Price at which the rent covers everything | $275,000 | -25% versus the median condo |
Rents: leases concluded on Centris in Montréal-Nord from September 16, 2025 to September 16, 2026, median. Prices: condos sold in Montréal-Nord, January to September 2026, median. Fees: median monthly condo fees of condos sold. Mortgage: 20% down, 25 years, 5-year fixed rate charged 4.14% (Bank of Canada). Taxes, insurance, maintenance, vacancy and income tax excluded.
What the figures say in Montréal-Nord
- For the median rent to cover the mortgage and fees in Montréal-Nord, the condo would have to be bought for $275,000 (-25% on the median), or rent for $1,883 (+26% on the median rent).
- Each point of rate moves the cash flow by $164 a month in Montréal-Nord; at the banks' posted rate (6.09%), the stress-test rate, the mortgage would be $1,884.
- What the table leaves out, all pulling the same way: municipal and school taxes, insurance, maintenance, vacancy between tenants, and income tax on the net rent. One month of vacancy a year takes $125 a month off the average rent.
- Across the 50 cities and boroughs tracked (11,638 leases, 22,080 sales), the median gross yield is 5.2% (4.2% net of fees), the rent covers 85% of the outflows and the median cash flow is -$320 a month with 20% down. Cash flow is positive in 6 units out of 50; cash flow and principal together, the down payment returns more than zero in 47.
What it changes for investing in Montréal-Nord
In Montréal-Nord, the rental condo is at or near break-even: $383 a month is missing with 20% down, a gross yield of 4.9% in line with the units tracked. The difference comes from the building chosen: fees below the median, a two-bedroom rent rather than the all-sizes median, or a price negotiated 25% down tip the cash flow over. For a condo seller, these investors are part of your buyers: a lease in place and reasonable fees are selling points. The owner-occupant's view is in rent or buy a condo in Montréal-Nord; rents by unit size, in average rent in Montréal-Nord.
How to read these figures
One rent and one price for all of Montréal-Nord, both medians: the median condo is not necessarily the median rental, and the comparison by number of bedrooms is not published here for lack of enough sales. Condo fees vary threefold from one building to the next: the median is a benchmark. The break-even rent is the rent that would cover the mortgage and fees at the 2026 rate; the break-even price, the price at which the median rent would cover everything. Both are reference points for negotiating, not guaranteed targets.
Frequently asked questions
What is the rental yield of a condo in Montréal-Nord?
4.9% gross ($1,500 × 12 ÷ $365,000) and 3.9% once condo fees are removed, before taxes, insurance, maintenance and vacancy. The median condo price is worth 20.3 years of rent.
Does the rent pay the mortgage on a condo in Montréal-Nord?
No: $383 a month is missing with 20% down at the 2026 rate, after the mortgage ($1,558) and fees ($325), before taxes, insurance, maintenance and vacancy. It would take a rent of $1,883 or a price of $275,000.
What down payment for a rental condo in Montréal-Nord?
$73,000, or 20% of the median condo: that is the minimum for a unit the buyer does not live in, with no CMHC insurance. The welcome tax and notary fees come on top. The 5% minimum down payment applies only to a buyer who occupies the unit (rent or buy in Montréal-Nord).
Sources: Centris (Matrix), Rental module, leases concluded from September 16, 2025 to September 16, 2026 for Montréal-Nord, 88 leases, median and quartiles; Statistics module, median sale price of condos in 2026 and monthly condo fees of condos sold over twelve months; Bank of Canada and Statistics Canada (10-10-0006), 5-year fixed rate charged, January to July 2026 average; compiled by the Loaa & Manseur team, aggregates only. This is not financial advice: every building has its own fees, taxes and rent. The investing in a rental condo in 50 cities and boroughs hub compares the 50 units.
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Also available in French: version française de ce guide.
Published September 7, 2026 by the Loaa & Manseur team, the number 1 team at RE/MAX Platine in 2024 and 2025, 6th RE/MAX team in Quebec, 15th in Canada and in the global top 50 according to the official RE/MAX ranking. Tell us about your project.