Buying · L'Île-Bizard and Sainte-Geneviève · condo 2026
The cash needed to buy the median condo in L'Île-Bizard and Sainte-Geneviève in 2026: minimum down payment, welcome tax, QST on the premium, notary and inspection, then the median house in the same area.
To buy the median condo in L'Île-Bizard and Sainte-Geneviève ($338,000 from January 1 to September 16, 2026), plan for $23,236 to $25,336 in cash with the minimum down payment: $16,900 of down payment (5% of the price), $3,180 of welcome tax on Montreal's schedule, $1,156 of QST on the CMHC premium and $2,000 to $4,100 for the notary, inspection and appraisal. A first-time buyer then gets back the whole welcome tax with Québec's credit, bringing the bill to about $21,106. That is about 36% of the cash needed for the median house in the same area ($67,651). Assumptions: Centris median price of condos sold from January 1 to September 16, 2026, federal minimum down payment (5% of the first $500,000, 10% of the rest, 20% from $1.5M), CMHC premium added to the loan, 9% QST on the premium (paid in cash), welcome tax with the city's 2026 schedule (the same for every borough or sector of a city), notary $1,500 to $2,800 for a condo, inspection $500 to $800, appraisal $0 to $500 depending on the lender. Source: Centris (Matrix) for prices, compiled on November 11, 2026.
The short answer
To buy the median condo in L'Île-Bizard and Sainte-Geneviève ($338,000 from January 1 to September 16, 2026), plan for $23,236 to $25,336 in cash with the minimum down payment: $16,900 of down payment (5% of the price), $3,180 of welcome tax on Montreal's schedule, $1,156 of QST on the CMHC premium and $2,000 to $4,100 for the notary, inspection and appraisal. A first-time buyer then gets back the whole welcome tax with Québec's credit, bringing the bill to about $21,106. That is about 36% of the cash needed for the median house in the same area ($67,651).
The cash in L'Île-Bizard and Sainte-Geneviève, item by item
| Median condo in L'Île-Bizard and Sainte-Geneviève, $338,000 | Amount |
|---|---|
| Minimum down payment | $16,900 |
| Welcome tax (Montreal schedule) | $3,180 |
| QST on the CMHC premium ($12,844 added to the loan) | $1,156 |
| Notary | $1,500 to $2,800 |
| Inspection | $500 to $800 |
| Appraisal | $0 to $500 |
| Total to plan for | $23,236 to $25,336 |
| First-time buyer credit (recovered after) | $3,180 |
Centris (Matrix) median price, from January 1 to September 16, 2026; Montreal's 2026 welcome tax schedule.
Condo, 20% or house in L'Île-Bizard and Sainte-Geneviève
| In L'Île-Bizard and Sainte-Geneviève | Median price | Cash (middle of the range) |
|---|---|---|
| Condo, minimum down payment | $338,000 | $24,286 |
| Condo, 20% down payment | $338,000 | $73,830 |
| House, minimum down payment | $760,000 | $67,651 |
What these numbers say in L'Île-Bizard and Sainte-Geneviève
- A full FHSA ($40,000) covers all the cash for the median condo in L'Île-Bizard and Sainte-Geneviève on its own, with about $14,664 to spare even at the top of the range.
- The down payment makes up 70% of the cash and the welcome tax 13%. The first-time buyer credit is claimed after the purchase: the money must be there at the start.
- With 20% down, you would need about $73,830: the minimum down payment lets you buy with about 33% of that amount, at the cost of the CMHC premium.
- In L'Île-Bizard and Sainte-Geneviève, the cash needed ranks 3rd of 40, from lowest to highest. The median across the 40 boroughs and sectors is about $30,205.
What it changes for buying in L'Île-Bizard and Sainte-Geneviève
In L'Île-Bizard and Sainte-Geneviève, the cash for a condo is among the lowest of the 40 areas: a well-funded FHSA is usually enough. Now is the time to buy for anyone who has this amount set aside: the choice is there, and every year of waiting is paid in rent. For the income needed: the salary to buy a condo in L'Île-Bizard and Sainte-Geneviève.
How to read these numbers
Assumptions: Centris median price of condos sold from January 1 to September 16, 2026, federal minimum down payment (5% of the first $500,000, 10% of the rest, 20% from $1.5M), CMHC premium added to the loan, 9% QST on the premium (paid in cash), welcome tax with the city's 2026 schedule (the same for every borough or sector of a city), notary $1,500 to $2,800 for a condo, inspection $500 to $800, appraisal $0 to $500 depending on the lender. Adjustments paid back to the seller (prepaid taxes, the current month's condo fees), co-owner insurance, moving and a few months of condo fees set aside come on top, depending on the file.
Frequently asked questions
How much cash do you need to buy a condo in L'Île-Bizard and Sainte-Geneviève?
$23,236 to $25,336 for the median condo ($338,000), with the minimum down payment of $16,900.
Is the FHSA enough to buy a condo in L'Île-Bizard and Sainte-Geneviève?
Yes, if the FHSA is full: $40,000 covers all the cash for the median condo in L'Île-Bizard and Sainte-Geneviève.
When do you pay the welcome tax?
The City of Montreal bills it a few weeks after the purchase, with the same schedule for all its boroughs or sectors: $3,180 on the median condo in L'Île-Bizard and Sainte-Geneviève. An eligible first-time buyer gets back $3,180 with Québec's credit.
Sources: Centris (Matrix), Statistics module, median sale price of condos and single-family houses for L'Île-Bizard and Sainte-Geneviève (from January 1 to September 16, 2026); Montreal's 2026 property transfer duty schedule; federal minimum down payment rules and CMHC premium schedule; Québec first-time buyer credit; compiled by the Loaa & Manseur team, aggregates only. The hub how much cash to buy a condo in 40 boroughs and sectors compares the 40 areas.
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.