Buying · Laval-des-Rapides · condo 2026
The household income needed to buy the median condo in Laval-des-Rapides in 2026: minimum down payment, payment, taxes and condo fees, then the median house in the same area.
To buy the median condo in Laval-des-Rapides ($370,000 from January 1 to September 16, 2026), you need a gross household income of about $90,400 with the minimum down payment of $18,500. The mortgage payment is about $1,941 a month over 25 years; with taxes (about $308) and Laval's median condo fees ($342), housing costs about $2,591 a month. That is about $53,200 less income than for the median house in the same area ($640,000, $143,600 of income needed). Assumptions: Centris median price of condos and single-family houses from January 1 to September 16, 2026; minimum down payment, CMHC premium added to the loan, 25-year amortization; payment at the insured 5-year fixed rate of 4.09%; minimum income at the stress test rate (6.09%) with property and school taxes at 1% of the price, $1,200 a year of heating and 50% of condo fees, 39% ratio; condo fees = the city's median (Centris, sales from September 16, 2025 to September 16, 2026), since no figure is published by borough. Source: Centris (Matrix) for prices, compiled on November 10, 2026.
The short answer
To buy the median condo in Laval-des-Rapides ($370,000 from January 1 to September 16, 2026), you need a gross household income of about $90,400 with the minimum down payment of $18,500. The mortgage payment is about $1,941 a month over 25 years; with taxes (about $308) and Laval's median condo fees ($342), housing costs about $2,591 a month. That is about $53,200 less income than for the median house in the same area ($640,000, $143,600 of income needed).
Income needed in Laval-des-Rapides, condo and house
| 2026 in Laval-des-Rapides | Median price | Minimum down payment | Payment (25 years) | Condo fees | Monthly cost | Household income needed |
|---|---|---|---|---|---|---|
| Median condo | $370,000 | $18,500 | $1,941 | $342 | $2,591 | $90,400 |
| Median house | $640,000 | $39,000 | $3,318 | $0 | $3,851 | $143,600 |
Centris (Matrix) median prices, from January 1 to September 16, 2026; insured 5-year fixed rate of 4.09%, stress test at 6.09%.
And by condo fees in Laval-des-Rapides
| Condo fees per month | Household income needed |
|---|---|
| $200 | $88,200 |
| $300 | $89,700 |
| $400 | $91,300 |
| $500 | $92,800 |
| $600 | $94,300 |
What these numbers say in Laval-des-Rapides
- In Laval-des-Rapides, the median condo ranks 10th of 40 for income needed, from most to least affordable. The median across the 40 boroughs and sectors is $102,000.
- Every $100 of monthly condo fees adds about $1,540 to the income needed, because lenders count half of the fees. With no fees, it would take $85,100.
- The median price rests on 209 condo sales from January 1 to September 16, 2026 in Laval-des-Rapides.
- The median house in Laval-des-Rapides ($640,000, 80 sales) needs about $143,600 of income: a condo is often the way in to buy in the area.
- Across the 40 boroughs and sectors, the median income needed is $107,800 in Montreal, $104,500 in Laval, $91,700 in Longueuil and $93,400 in Brossard.
How lenders calculate
Lenders check that housing costs do not exceed 39% of gross income (gross debt service ratio): mortgage payment at the stress test rate, property taxes, heating and, for a condo, half of the condo fees. With less than 20% down, the CMHC premium is added to the loan. The minimum down payment is 5% up to $500,000 and 10% on the portion between $500,000 and $1.5M.
What it changes for buying in Laval-des-Rapides
In Laval-des-Rapides, the median condo is among the most affordable of the 40 areas: a couple with two average incomes can often get there. Now is the time to buy: the market leaves more choice and time to negotiate than in 2021 or 2022. For price trends, see condo prices in Laval-des-Rapides.
How to read these numbers
Assumptions: Centris median price of condos and single-family houses from January 1 to September 16, 2026; minimum down payment, CMHC premium added to the loan, 25-year amortization; payment at the insured 5-year fixed rate of 4.09%; minimum income at the stress test rate (6.09%) with property and school taxes at 1% of the price, $1,200 a year of heating and 50% of condo fees, 39% ratio; condo fees = the city's median (Centris, sales from September 16, 2025 to September 16, 2026), since no figure is published by borough. The income needed is a minimum under lender rules; your other debts (car, cards) reduce how much you can borrow. The welcome tax and notary fees come on top of the cash needed.
Frequently asked questions
What salary do you need to buy a condo in Laval-des-Rapides?
About $90,400 of gross household income for the median condo ($370,000), with the minimum down payment of $18,500 and condo fees of $342 a month.
Do condo fees count in the calculation?
Yes, at 50%: every $100 of monthly fees adds about $1,540 to the income needed.
Can you buy with less income?
Yes: with a bigger down payment, a condo below the median, a 30-year amortization if you qualify (see 25 or 30-year amortization) or a co-borrower. A team broker can run the numbers with you.
Sources: Centris (Matrix), Statistics module, median sale price of condos and single-family houses for Laval-des-Rapides (from January 1 to September 16, 2026); Laval's median condo fees (Centris, sales from September 16, 2025 to September 16, 2026); CMHC rules (gross debt service ratio, 50% of condo fees); compiled by the Loaa & Manseur team, aggregates only. The hub the salary 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.