Down payment · Sherbrooke · 2026
How much you need set aside to buy the median house in Sherbrooke 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 Sherbrooke, the median house costs $458,500 in 2026 (Jan. to Sep.): the minimum down payment is $22,925 (5%), or 5.0% of the price, one of the lowest among the 50 cities tracked (median $36,000). To avoid the CMHC premium you need 20%, $91,700; with the minimum, the premium is $17,423 (4.0% of the loan), added to the mortgage. In 2016 the minimum was $9,425: +143% in ten years. Source: Centris (Matrix) and federal rules, compiled October 7, 2026.
The short answer
In Sherbrooke, the median house costs $458,500 in 2026 (Jan. to Sep.): the minimum down payment is $22,925 (5%), or 5.0% of the price, one of the lowest among the 50 cities tracked (median $36,000). To avoid the CMHC premium you need 20%, $91,700; with the minimum, the premium is $17,423 (4.0% of the loan), added to the mortgage. In 2016 the minimum was $9,425: +143% in ten years.
The minimum down payment in Sherbrooke, year by year
| Year | Median price (house) | Minimum down payment | Rule | CMHC premium at minimum | 20% (no premium) |
|---|---|---|---|---|---|
| 2016 | $188,500 | $9,425 | 5% | $7,163 | $37,700 |
| 2017 | $195,000 | $9,750 | 5% | $7,410 | $39,000 |
| 2018 | $198,000 | $9,900 | 5% | $7,524 | $39,600 |
| 2019 | $205,000 | $10,250 | 5% | $7,790 | $41,000 |
| 2020 | $225,000 | $11,250 | 5% | $8,550 | $45,000 |
| 2021 | $285,000 | $14,250 | 5% | $10,830 | $57,000 |
| 2022 | $335,000 | $16,750 | 5% | $12,730 | $67,000 |
| 2023 | $360,000 | $18,000 | 5% | $13,680 | $72,000 |
| 2024 | $392,750 | $19,638 | 5% | $14,924 | $78,550 |
| 2025 | $433,000 | $21,650 | 5% | $16,454 | $86,600 |
| 2026 (Jan. to Sep.) | $458,500 | $22,925 | 5% | $17,423 | $91,700 |
Median sale price of single-family houses, whole municipality of Sherbrooke, 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%) | $22,925 | $17,423 | 4.0% of the loan | $452,998 |
| 10% | $45,850 | $12,792 | 3.1% of the loan | $425,442 |
| 15% | $68,775 | $10,912 | 2.8% of the loan | $400,637 |
| 20% | $91,700 | none | none | $366,800 |
What it means with the FHSA and the HBP in Sherbrooke
- FHSA: a full account, $40,000 ($8,000 a year for five years), covers 174% of the minimum down payment in Sherbrooke: 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 436% of the minimum; as a couple, $200,000 covers 872%, and even 218% of the 20%.
- Ten years: the minimum down payment went from $9,425 to $22,925 (+143%), the price +143%. Median of the 50 cities: +167%.
- CMHC premium at the minimum: $7,163 in 2016, $17,423 in 2026. That is the price of the small down payment: $17,423 added to the loan, plus Quebec's 9% sales tax on the premium, paid in cash.
- The gap between the minimum and 20% in Sherbrooke is $68,775: what you need to save on top to avoid the premium, or what a family gift or an inheritance changes in the file.
- Condo: $318,000 at the median in Sherbrooke, minimum down payment $15,900 (5%), 20% = $63,600, premium at the minimum $12,084. In 2016 the condo minimum was $9,100. A full FHSA covers 252% of the condo minimum.
What it changes when buying in Sherbrooke
In Sherbrooke, $22,925 is enough to get in: less than a full FHSA, and a couple with FHSA and HBP can aim for 20% ($91,700) and skip the premium. In an affordable city, the question is not the down payment but the monthly payment and the condition of the house: at this price, the inspection matters more than the percentage. For a seller, the pool of buyers is wide, first-time buyers included. 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 Sherbrooke.
How to read these figures
Three figures per year for Sherbrooke: the median price of houses sold on Centris, the minimum down payment federal rules allow at that price, and the insurance premium that down payment triggers. The rule changed once in ten years: the insurable cap went from 1 to 1.5 million on December 15, 2024, which only affects cities where the median exceeds a million. The premium is computed on the loan and added to the mortgage; Quebec's 9% sales tax on the premium is paid in cash at the notary. For a condo, same rules: condo prices in Sherbrooke.
Frequently asked questions
What is the minimum down payment for a house in Sherbrooke?
$22,925 for the median house ($458,500): 5%. With that down payment, the CMHC premium is $17,423. 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 Sherbrooke?
$91,700, or 20% of $458,500. That is $68,775 more than the minimum, in exchange for $17,423 of premium avoided and a smaller mortgage.
Are the FHSA and HBP enough to buy in Sherbrooke?
Yes, in 49 of 50 cities for a single buyer (FHSA $40,000 + HBP $60,000 = $100,000). In Sherbrooke, that $100,000 covers 436% of the minimum: comfortably.
Source: Centris (Matrix), Statistics module, queries of September 16, 2026 for the municipality of Sherbrooke: 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 Sherbrooke, from the same Centris listings:
- Buyer's or seller's market in Sherbrooke
- How much buyers negotiate in Sherbrooke
- Houses that do not sell in Sherbrooke
- Home prices in Sherbrooke, ten years
Each series is recalculated from actual sales, aggregates only.
Our proof, not our promises
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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.