Down payment · Saint-Jérôme · 2026
How much you need set aside to buy the median house in Saint-Jérôme in 2026: the legal minimum, the 20% that avoids the CMHC premium, the premium at the minimum, the share a FHSA and an HBP cover, and the same for a condo and for 2016. Centris figures and federal rules.
In Saint-Jérôme, the median house costs $547,500 in 2026 (Jan. to Sep.): the minimum down payment is $29,750 (5% + 10%), or 5.4% of the price, in line with the 50 cities tracked (median $36,000). To avoid the CMHC premium you need 20%, $109,500; with the minimum, the premium is $20,710 (4.0% of the loan), added to the mortgage. In 2016 the minimum was $10,617: +180% in ten years. Source: Centris (Matrix) and federal rules, compiled October 7, 2026.
The short answer
In Saint-Jérôme, the median house costs $547,500 in 2026 (Jan. to Sep.): the minimum down payment is $29,750 (5% + 10%), or 5.4% of the price, in line with the 50 cities tracked (median $36,000). To avoid the CMHC premium you need 20%, $109,500; with the minimum, the premium is $20,710 (4.0% of the loan), added to the mortgage. In 2016 the minimum was $10,617: +180% in ten years.
The minimum down payment in Saint-Jérôme, year by year
| Year | Median price (house) | Minimum down payment | Rule | CMHC premium at minimum | 20% (no premium) |
|---|---|---|---|---|---|
| 2016 | $212,338 | $10,617 | 5% | $8,069 | $42,468 |
| 2017 | $217,850 | $10,892 | 5% | $8,278 | $43,570 |
| 2018 | $225,000 | $11,250 | 5% | $8,550 | $45,000 |
| 2019 | $236,000 | $11,800 | 5% | $8,968 | $47,200 |
| 2020 | $290,000 | $14,500 | 5% | $11,020 | $58,000 |
| 2021 | $375,000 | $18,750 | 5% | $14,250 | $75,000 |
| 2022 | $439,500 | $21,975 | 5% | $16,701 | $87,900 |
| 2023 | $449,000 | $22,450 | 5% | $17,062 | $89,800 |
| 2024 | $475,000 | $23,750 | 5% | $18,050 | $95,000 |
| 2025 | $510,000 | $26,000 | 5% + 10% | $19,360 | $102,000 |
| 2026 (Jan. to Sep.) | $547,500 | $29,750 | 5% + 10% | $20,710 | $109,500 |
Median sale price of single-family houses, whole municipality of Saint-Jérôme, Centris (Matrix). Minimum: 5% up to $500,000, 10% above, 20% above the insurable cap ($1M until 2024, $1.5M since). Premium: CMHC schedule by loan-to-value ratio.
Minimum, 10%, 15% or 20%: the scenarios on the 2026 median house
| Down payment | Amount | CMHC premium | Premium rate | Mortgage (price − down + premium) |
|---|---|---|---|---|
| Minimum (5% + 10%) | $29,750 | $20,710 | 4.0% of the loan | $538,460 |
| 10% | $54,750 | $15,275 | 3.1% of the loan | $508,025 |
| 15% | $82,125 | $13,030 | 2.8% of the loan | $478,405 |
| 20% | $109,500 | none | none | $438,000 |
What it means with the FHSA and the HBP in Saint-Jérôme
- FHSA: a full account, $40,000 ($8,000 a year for five years), covers 134% of the minimum down payment in Saint-Jérôme: the FHSA alone is enough. In 33 of 50 cities, $40,000 is enough for the minimum.
- FHSA + HBP: alone, $100,000 of tax-sheltered savings (FHSA $40,000 + HBP $60,000) covers 336% of the minimum; as a couple, $200,000 covers 672%, and even 183% of the 20%.
- Ten years: the minimum down payment went from $10,617 to $29,750 (+180%), the price +158%: faster than the price, because the portion above $500,000 requires 10%. Median of the 50 cities: +167%.
- CMHC premium at the minimum: $8,069 in 2016, $20,710 in 2026. That is the price of the small down payment: $20,710 added to the loan, plus Quebec's 9% sales tax on the premium, paid in cash.
- The gap between the minimum and 20% in Saint-Jérôme is $79,750: what you need to save on top to avoid the premium, or what a family gift or an inheritance changes in the file.
- Condo: $315,000 at the median in Saint-Jérôme, minimum down payment $15,750 (5%), 20% = $63,000, premium at the minimum $11,970. In 2016 the condo minimum was $6,862. A full FHSA covers 254% of the condo minimum.
What it changes when buying in Saint-Jérôme
In Saint-Jérôme, the minimum ($29,750) is within reach of a full FHSA at 134%, and the HBP does the rest. Aiming for 20% ($109,500) saves the $20,710 premium but requires $79,750 more: each buyer weighs the wait against the premium. The common compromise is 10% ($54,750), which brings the premium down to 3.1% of the loan. For a seller, most first-time buyers arrive with the minimum: a price that passes the lender's appraisal is a price that sells. The full rules, and the calculation on any price, are in minimum down payment 2026 in Quebec; the welcome tax to budget on top, in welcome tax in Saint-Jérôme.
How to read these figures
The minimum down payment is a federal rule: 5% of the first $500,000 and 10% of the remainder, as long as the price stays under the insurable cap, $1,500,000 since December 15, 2024 ($1,000,000 before); above it, 20% with no insurance. The CMHC premium follows the loan-to-value ratio: 4.00% of the loan above 90%, 3.10% between 85 and 90%, 2.80% between 80 and 85%, nothing at 80% and below (schedule in force since March 17, 2017, identical at Sagen and Canada Guaranty). All amounts are computed on the median price of Centris sales in Saint-Jérôme, not on a specific house. Welcome tax, notary and inspection come on top, in cash.
Frequently asked questions
What is the minimum down payment for a house in Saint-Jérôme?
$29,750 for the median house ($547,500): 5% + 10%. With that down payment, the CMHC premium is $20,710. For a house at another price, the rule is 5% up to $500,000 and 10% above, up to 1.5 million.
How much is a 20% down payment in Saint-Jérôme?
$109,500, or 20% of $547,500. That is $79,750 more than the minimum, in exchange for $20,710 of premium avoided and a smaller mortgage.
Are the FHSA and HBP enough to buy in Saint-Jérôme?
Yes, in 49 of 50 cities for a single buyer (FHSA $40,000 + HBP $60,000 = $100,000). In Saint-Jérôme, that $100,000 covers 336% of the minimum: comfortably.
Source: Centris (Matrix), Statistics module, queries of September 16, 2026 for the municipality of Saint-Jérôme: median sale price of single-family houses and condominiums by year over ten years; federal minimum down payment rules (Department of Finance Canada) and CMHC premium schedule; FHSA and HBP ceilings (Canada Revenue Agency); compiled by the Loaa & Manseur team, aggregates only. The down payment in 50 cities hub compares the 50 cities.
Our other data series in Saint-Jérôme, from the same Centris listings:
- Buyer's or seller's market in Saint-Jérôme
- How much buyers negotiate in Saint-Jérôme
- Houses that do not sell in Saint-Jérôme
- Home prices in Saint-Jérôme, ten years
Each series is recalculated from actual sales, aggregates only.
Our proof, not our promises
The Loaa & Manseur team, led by Lotfi Manseur and Loaa Al Daow, is 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 of large residential teams according to the official RE/MAX ranking, computed on actual transactions. Its Google profile counts more than 220 reviews with a 4.9 rating. Its offices are at 55 avenue de l'Équinoxe in Brossard, one bridge from the island, and every broker's licence can be checked in the OACIQ public register. Three things to verify yourself before calling us, and to demand of any other broker.
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.