Buying · Saint-Léonard · condo 2026
The cash needed to buy the median condo in Saint-Léonard 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 Saint-Léonard ($430,000 from January 1 to September 16, 2026), plan for $29,531 to $31,631 in cash with the minimum down payment: $21,500 of down payment (5% of the price), $4,560 of welcome tax on Montreal's schedule, $1,471 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 $26,020. That is about 45% of the cash needed for the median house in the same area ($68,268). 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 Saint-Léonard ($430,000 from January 1 to September 16, 2026), plan for $29,531 to $31,631 in cash with the minimum down payment: $21,500 of down payment (5% of the price), $4,560 of welcome tax on Montreal's schedule, $1,471 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 $26,020. That is about 45% of the cash needed for the median house in the same area ($68,268).
The cash in Saint-Léonard, item by item
| Median condo in Saint-Léonard, $430,000 | Amount |
|---|---|
| Minimum down payment | $21,500 |
| Welcome tax (Montreal schedule) | $4,560 |
| QST on the CMHC premium ($16,340 added to the loan) | $1,471 |
| Notary | $1,500 to $2,800 |
| Inspection | $500 to $800 |
| Appraisal | $0 to $500 |
| Total to plan for | $29,531 to $31,631 |
| First-time buyer credit (recovered after) | $4,560 |
Centris (Matrix) median price, from January 1 to September 16, 2026; Montreal's 2026 welcome tax schedule.
Condo, 20% or house in Saint-Léonard
| In Saint-Léonard | Median price | Cash (middle of the range) |
|---|---|---|
| Condo, minimum down payment | $430,000 | $30,581 |
| Condo, 20% down payment | $430,000 | $93,610 |
| House, minimum down payment | $765,000 | $68,268 |
What these numbers say in Saint-Léonard
- A full FHSA ($40,000) covers all the cash for the median condo in Saint-Léonard on its own, with about $8,369 to spare even at the top of the range.
- The down payment makes up 70% of the cash and the welcome tax 15%. 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 $93,610: the minimum down payment lets you buy with about 33% of that amount, at the cost of the CMHC premium.
- In Saint-Léonard, the cash needed ranks 24th of 40, from lowest to highest. The median across the 40 boroughs and sectors is about $30,205.
What it changes for buying in Saint-Léonard
In Saint-Léonard, the cash needed is in line with the 40 areas. The key is the file: an FHSA opened early, the HBP, a pre-approval. With those three in hand, now is the time to buy: the market leaves choice and room to negotiate. For the income needed: the salary to buy a condo in Saint-Léonard.
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 Saint-Léonard?
$29,531 to $31,631 for the median condo ($430,000), with the minimum down payment of $21,500.
Is the FHSA enough to buy a condo in Saint-Léonard?
Yes, if the FHSA is full: $40,000 covers all the cash for the median condo in Saint-Léonard.
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: $4,560 on the median condo in Saint-Léonard. An eligible first-time buyer gets back $4,560 with Québec's credit.
Sources: Centris (Matrix), Statistics module, median sale price of condos and single-family houses for Saint-Léonard (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.
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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.