Rent or buy · Terrebonne · 2026
The median rent of the past twelve months in Terrebonne, 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 Terrebonne, the median rent of the 58 leases signed on Centris from September 16, 2025 to September 16, 2026 is $1,800 a month (half between $1,513 and $1,879). Buying the median 2026 condo ($382,000, 300 sales) costs $2,289 a month with the minimum down payment ($19,100, 5.0%), the 5-year rate charged in 2026 (4.14%) and the median condo fees in Terrebonne ($275): $489 more than the rent, 127% of it. But $723 of that payment is principal repaid in the first year; the owner's sunk cost, interest and fees, is $1,566 a month, $234 less than the rent. With 20% down ($76,400), the monthly cost drops to $1,906 a month, still $106 above the rent. It is one of the places where buying comes closest to renting among the 50 units tracked (median gap $728). Sources: Centris, Bank of Canada, compiled October 8, 2026.
The short answer
In Terrebonne, the median rent of the 58 leases signed on Centris from September 16, 2025 to September 16, 2026 is $1,800 a month (half between $1,513 and $1,879). Buying the median 2026 condo ($382,000, 300 sales) costs $2,289 a month with the minimum down payment ($19,100, 5.0%), the 5-year rate charged in 2026 (4.14%) and the median condo fees in Terrebonne ($275): $489 more than the rent, 127% of it. But $723 of that payment is principal repaid in the first year; the owner's sunk cost, interest and fees, is $1,566 a month, $234 less than the rent. With 20% down ($76,400), the monthly cost drops to $1,906 a month, still $106 above the rent. It is one of the places where buying comes closest to renting among the 50 units tracked (median gap $728).
Renting versus buying in Terrebonne, per month
| Measure in Terrebonne, 2026 | Per month | Detail |
|---|---|---|
| Median rent (12 months, 58 leases) | $1,800 | $1,513 to $1,879 |
| Median condo 2026 (300 sales) | $382,000 | minimum down payment $19,100 (5.0%), CMHC premium $14,516 |
| Mortgage, minimum down, 4.14%, 25 years | $2,014 | of which interest $1,291 and principal $723 in the first year |
| Median condo fees in Terrebonne | $275 | past 12 months of sales |
| Owner's monthly cost (minimum down) | $2,289 | +489 $ versus rent (127%) |
| Owner's monthly cost (20% down, $76,400) | $1,906 | +106 $ versus rent (106%) |
| Owner's sunk cost (interest + fees, minimum down) | $1,566 | -234 $ versus rent |
| Condo price ÷ annual rent | 17.7 | gross rental yield 5.7% |
| 2 bedrooms: median rent versus median 2-bedroom condo ($370,000) | $1,800 versus $2,226 | +426 $ a month |
Rents: leases concluded on Centris in Terrebonne from September 16, 2025 to September 16, 2026, median. Prices: condos sold in Terrebonne, 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 Terrebonne
- The same rent would pay for a $289,000 condo in Terrebonne (minimum down, fees included): the median condo costs $382,000, 32% more.
- Gross income: the median rent takes about $72,000 a year to stay under 30% of income; the median condo, $85,838 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 $2,435 a month.
- What the tenant keeps: $489 a month and the $19,100 down payment. What the owner keeps: $723 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 Terrebonne since 2016).
- At two bedrooms, the gap is +426 $ a month: median rent of $1,800 (31 leases) against $2,226 for the median 2-bedroom condo ($370,000), 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 Terrebonne
In Terrebonne, the gap between renting and buying is small, and it closes further if the buyer has more than the minimum down: at 20%, only $106 of gap remains. For a tenant who has the down payment, it is the kind of market where waiting is expensive: rent leaves, principal stays. For a condo seller, it is a market where buyers come straight from the neighbourhood's tenants, an argument for the listing: "your rent pays for this condo". Rent by unit size is in average rent in Terrebonne; the detail of fees, in condo fees in Terrebonne.
How to read these figures
One rent and one price for all of Terrebonne, both medians: half the leases are signed above, half below, and the same for sales. The median condo and the median rental are not necessarily the same size: the "2 bedrooms" line compares comparable units. The rate used is the one banks actually charged in 2026 on 5-year fixed mortgages, on average; the posted rate, about two points higher, serves the stress test and appears in the bullets. Condo fees vary threefold from one building to the next (elevator, pool, age): the median is a benchmark, not a bill.
Frequently asked questions
What does a condo cost a month in Terrebonne compared with rent?
$2,289 a month for the median condo of $382,000 with the minimum down ($19,100) and condo fees, against a median rent of $1,800: $489 more a month, of which $723 is principal repaid.
Is renting cheaper than buying in Terrebonne in 2026?
In cash flow, yes, by $489 a month with the minimum down. In sunk cost, no: interest and fees come to $1,566, $234 less than the rent. The owner pays more each month but keeps part of it.
What down payment does a condo in Terrebonne take?
$19,100 at minimum (5.0% of the median condo), plus about 1.5% of the price in closing costs and the welcome tax. At 20% ($76,400), no CMHC premium and a payment of $1,631 a month. The detail by city is in down payment in Terrebonne.
Sources: Centris (Matrix), Rental module, leases concluded from September 16, 2025 to September 16, 2026 for Terrebonne, 58 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.