Rent or buy · Laval-des-Rapides · 2026
The median rent of the past twelve months in Laval-des-Rapides, against the monthly cost of the median 2026 condo: mortgage with the minimum or 20% down, condo fees, interest and principal shares, and what the same rent would buy. Centris leases and sales, the rate actually charged, nothing estimated.
In Laval-des-Rapides, the median rent of the 124 leases signed on Centris from September 16, 2025 to September 16, 2026 is $1,700 a month (half between $1,500 and $1,900). Buying the median 2026 condo ($370,000, 209 sales) costs $2,293 a month with the minimum down payment ($18,500, 5.0%), the 5-year rate charged in 2026 (4.14%) and the median condo fees in Laval ($342): $593 more than the rent, 135% of it. But $701 of that payment is principal repaid in the first year; the owner's sunk cost, interest and fees, is $1,592 a month, $108 less than the rent. With 20% down ($74,000), the monthly cost drops to $1,922 a month, still $222 above the rent. The gap is in line with the 50 units tracked (median gap $728). Sources: Centris, Bank of Canada, compiled October 8, 2026.
The short answer
In Laval-des-Rapides, the median rent of the 124 leases signed on Centris from September 16, 2025 to September 16, 2026 is $1,700 a month (half between $1,500 and $1,900). Buying the median 2026 condo ($370,000, 209 sales) costs $2,293 a month with the minimum down payment ($18,500, 5.0%), the 5-year rate charged in 2026 (4.14%) and the median condo fees in Laval ($342): $593 more than the rent, 135% of it. But $701 of that payment is principal repaid in the first year; the owner's sunk cost, interest and fees, is $1,592 a month, $108 less than the rent. With 20% down ($74,000), the monthly cost drops to $1,922 a month, still $222 above the rent. The gap is in line with the 50 units tracked (median gap $728).
Renting versus buying in Laval-des-Rapides, per month
| Measure in Laval-des-Rapides, 2026 | Per month | Detail |
|---|---|---|
| Median rent (12 months, 124 leases) | $1,700 | $1,500 to $1,900 |
| Median condo 2026 (209 sales) | $370,000 | minimum down payment $18,500 (5.0%), CMHC premium $14,060 |
| Mortgage, minimum down, 4.14%, 25 years | $1,951 | of which interest $1,250 and principal $701 in the first year |
| Median condo fees in Laval | $342 | whole-city sales |
| Owner's monthly cost (minimum down) | $2,293 | +593 $ versus rent (135%) |
| Owner's monthly cost (20% down, $74,000) | $1,922 | +222 $ versus rent (113%) |
| Owner's sunk cost (interest + fees, minimum down) | $1,592 | -108 $ versus rent |
| Condo price ÷ annual rent | 18.1 | gross rental yield 5.5% |
Rents: leases concluded on Centris in Laval-des-Rapides from September 16, 2025 to September 16, 2026, median. Prices: condos sold in Laval-des-Rapides, January to September 2026, median. Fees: median monthly condo fees of condos sold (Centris, 340). Mortgage: 2026 CMHC rules, 25 years, 5-year fixed rate charged 4.14% (Bank of Canada). Taxes, insurance, maintenance and opportunity cost excluded.
What the figures say in Laval-des-Rapides
- The same rent would pay for a $258,000 condo in Laval-des-Rapides (minimum down, fees included): the median condo costs $370,000, 43% more.
- Gross income: the median rent takes about $68,000 a year to stay under 30% of income; the median condo, $85,988 for the mortgage and fees to stay under 32%, taxes and heating not counted. At the banks' posted rate (6.09%), the stress-test rate, the mortgage alone would be $2,358 a month.
- What the tenant keeps: $593 a month and the $18,500 down payment. What the owner keeps: $701 a month of principal repaid in the first year, rising afterwards, and the condo's gain or loss in value, which nobody knows in advance (condo prices in Laval-des-Rapides since 2016).
- Across the 50 cities and boroughs tracked (11,638 leases, 22,080 sales), the median rent is $1,750 and the owner's cost $2,527 with the minimum down ($2,104 at 20%): renting costs less each month everywhere with the minimum down, in 44 units out of 50 at 20%. In sunk cost (interest and fees), buying is cheaper than renting in 30 units out of 50.
What it changes for you in Laval-des-Rapides
In Laval-des-Rapides, the answer depends on the down payment and the horizon. With the minimum down, the tenant keeps $593 a month; with 20%, the gap falls to $222. Over five years or more, the $701 a month of principal tips the balance toward buying if the condo holds its value; over two or three years, buying and selling costs eat that principal and renting wins. The right question is not "rent or buy" but "how long am I staying". Rent by unit size is in average rent in Laval-des-Rapides.
How to read these figures
The rent is the median of leases concluded on Centris in Laval-des-Rapides from September 16, 2025 to September 16, 2026, all unit types combined (124 leases); only units rented through a broker appear, which over-represents condos and recent buildings. The condo price is the median of condos sold in Laval-des-Rapides from January to September 2026. The payment assumes the minimum down payment under the 2026 rules (5% up to $500,000, 10% above), the CMHC premium added to the loan, a 25-year amortization and the average 5-year fixed rate banks actually charged in 2026 (4.14%, Bank of Canada), not the posted rate. Municipal and school taxes, insurance, maintenance and the opportunity cost of the down payment are not counted: they all fall on the owner, so the true gap is a little wider than the table.
Frequently asked questions
What does a condo cost a month in Laval-des-Rapides compared with rent?
$2,293 a month for the median condo of $370,000 with the minimum down ($18,500) and condo fees, against a median rent of $1,700: $593 more a month, of which $701 is principal repaid.
Is renting cheaper than buying in Laval-des-Rapides in 2026?
In cash flow, yes, by $593 a month with the minimum down. In sunk cost, no: interest and fees come to $1,592, $108 less than the rent. The owner pays more each month but keeps part of it.
What down payment does a condo in Laval-des-Rapides take?
$18,500 at minimum (5.0% of the median condo), plus about 1.5% of the price in closing costs and the welcome tax. At 20% ($74,000), no CMHC premium and a payment of $1,580 a month. The detail by city is in down payment by city.
Sources: Centris (Matrix), Rental module, leases concluded from September 16, 2025 to September 16, 2026 for Laval-des-Rapides, 124 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; CMHC down payment rules and premiums in force in 2026; compiled by the Loaa & Manseur team, aggregates only. The rent or buy a 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.