Rent or buy · Mirabel · 2026
The median rent of the past twelve months in Mirabel, 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 Mirabel, the median rent of the 52 leases signed on Centris from September 16, 2025 to September 16, 2026 is $1,775 a month (half between $1,600 and $2,129). Buying the median 2026 condo ($449,900, 228 sales) costs $2,614 a month with the minimum down payment ($22,495, 5.0%), the 5-year rate charged in 2026 (4.14%) and the median condo fees in Mirabel ($242): $839 more than the rent, 147% of it. But $852 of that payment is principal repaid in the first year; the owner's sunk cost, interest and fees, is $1,762 a month, $13 less than the rent. With 20% down ($89,980), the monthly cost drops to $2,163 a month, still $388 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 Mirabel, the median rent of the 52 leases signed on Centris from September 16, 2025 to September 16, 2026 is $1,775 a month (half between $1,600 and $2,129). Buying the median 2026 condo ($449,900, 228 sales) costs $2,614 a month with the minimum down payment ($22,495, 5.0%), the 5-year rate charged in 2026 (4.14%) and the median condo fees in Mirabel ($242): $839 more than the rent, 147% of it. But $852 of that payment is principal repaid in the first year; the owner's sunk cost, interest and fees, is $1,762 a month, $13 less than the rent. With 20% down ($89,980), the monthly cost drops to $2,163 a month, still $388 above the rent. The gap is in line with the 50 units tracked (median gap $728).
Renting versus buying in Mirabel, per month
| Measure in Mirabel, 2026 | Per month | Detail |
|---|---|---|
| Median rent (12 months, 52 leases) | $1,775 | $1,600 to $2,129 |
| Median condo 2026 (228 sales) | $449,900 | minimum down payment $22,495 (5.0%), CMHC premium $17,096 |
| Mortgage, minimum down, 4.14%, 25 years | $2,372 | of which interest $1,520 and principal $852 in the first year |
| Median condo fees in Mirabel | $242 | past 12 months of sales |
| Owner's monthly cost (minimum down) | $2,614 | +839 $ versus rent (147%) |
| Owner's monthly cost (20% down, $89,980) | $2,163 | +388 $ versus rent (122%) |
| Owner's sunk cost (interest + fees, minimum down) | $1,762 | -13 $ versus rent |
| Condo price ÷ annual rent | 21.1 | gross rental yield 4.7% |
| 2 bedrooms: median rent versus median 2-bedroom condo ($427,000) | $1,950 versus $2,493 | +543 $ a month |
Rents: leases concluded on Centris in Mirabel from September 16, 2025 to September 16, 2026, median. Prices: condos sold in Mirabel, 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 Mirabel
- The same rent would pay for a $291,000 condo in Mirabel (minimum down, fees included): the median condo costs $449,900, 55% more.
- Gross income: the median rent takes about $71,000 a year to stay under 30% of income; the median condo, $98,025 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 $2,868 a month.
- What the tenant keeps: $839 a month and the $22,495 down payment. What the owner keeps: $852 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 Mirabel since 2016).
- At two bedrooms, the gap is +543 $ a month: median rent of $1,950 (23 leases) against $2,493 for the median 2-bedroom condo ($427,000), fees included.
- 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 Mirabel
In Mirabel, the answer depends on the down payment and the horizon. With the minimum down, the tenant keeps $839 a month; with 20%, the gap falls to $388. Over five years or more, the $852 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 Mirabel; the detail of fees, in condo fees in Mirabel.
How to read these figures
The rent is the median of leases concluded on Centris in Mirabel from September 16, 2025 to September 16, 2026, all unit types combined (52 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 Mirabel 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 Mirabel compared with rent?
$2,614 a month for the median condo of $449,900 with the minimum down ($22,495) and condo fees, against a median rent of $1,775: $839 more a month, of which $852 is principal repaid.
Is renting cheaper than buying in Mirabel in 2026?
In cash flow, yes, by $839 a month with the minimum down. In sunk cost, no: interest and fees come to $1,762, $13 less than the rent. The owner pays more each month but keeps part of it.
What down payment does a condo in Mirabel take?
$22,495 at minimum (5.0% of the median condo), plus about 1.5% of the price in closing costs and the welcome tax. At 20% ($89,980), no CMHC premium and a payment of $1,921 a month. The detail by city is in down payment in Mirabel.
Sources: Centris (Matrix), Rental module, leases concluded from September 16, 2025 to September 16, 2026 for Mirabel, 52 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.