Salary to buy a condo · Drummondville · 2016 vs 2026
The gross income needed to buy the median condo in Drummondville, calculated for every year from 2016 to 2026 with the Centris price and that year's contracted rate: how much more than in 2016, how much less than the house, and what condo fees weigh. Labelled assumptions.
To buy the median condo in Drummondville, a household needed a gross income of about $29,819 in 2016 (price $155,000, rate 2.67%) and needs about $59,147 in 2026 (price $289,500 from January to September 2026, rate 4.14%): $29,328 more, +98%, for a price up 87%. The monthly housing cost (mortgage at 20% down over 25 years, taxes at 1% of the price, heating), condo fees extra, went from $795 to $1,577. The median house in Drummondville needs $85,997 of income in 2026: the condo needs 31% less, or $26,850. It is one of the lowest required salaries of the 49 cities tracked for condos (median $78,375 in 2026, $34,103 in 2016). Assumptions: 20% down payment, 25-year amortization, the year's average contracted rate (2.67% in 2016, 2.13% in 2021, 4.14% in 2026), municipal and school taxes estimated at 1% of the price per year, heating and electricity at $1,200 per year, a 32% gross debt service ratio, condo fees not included. Source: Centris (Matrix) for prices, compiled October 28, 2026.
The short answer
To buy the median condo in Drummondville, a household needed a gross income of about $29,819 in 2016 (price $155,000, rate 2.67%) and needs about $59,147 in 2026 (price $289,500 from January to September 2026, rate 4.14%): $29,328 more, +98%, for a price up 87%. The monthly housing cost (mortgage at 20% down over 25 years, taxes at 1% of the price, heating), condo fees extra, went from $795 to $1,577. The median house in Drummondville needs $85,997 of income in 2026: the condo needs 31% less, or $26,850. It is one of the lowest required salaries of the 49 cities tracked for condos (median $78,375 in 2026, $34,103 in 2016).
Salary required for the median condo in Drummondville, 2016 to 2026
| Year | Median condo | 5-year contracted rate | Monthly mortgage payment | Monthly housing cost | Gross salary required |
|---|---|---|---|---|---|
| 2016 | $155,000 | 2.67% | $566 | $795 | $29,819 |
| 2017 | $173,000 | 2.87% | $646 | $890 | $33,381 |
| 2018 | $150,000 | 3.49% | $598 | $823 | $30,862 |
| 2019 | $190,000 | 3.17% | $733 | $991 | $37,175 |
| 2020 | $186,000 | 2.44% | $662 | $917 | $34,388 |
| 2021 | $224,500 | 2.13% | $772 | $1,059 | $39,716 |
| 2022 | $217,500 | 3.90% | $906 | $1,187 | $44,522 |
| 2023 | $237,450 | 5.26% | $1,133 | $1,431 | $53,656 |
| 2024 | $264,000 | 4.96% | $1,224 | $1,544 | $57,900 |
| 2025 | $290,500 | 4.20% | $1,248 | $1,590 | $59,628 |
| 2026 | $289,500 | 4.14% | $1,236 | $1,577 | $59,147 |
Median price of condos sold on Centris (Matrix) by year (2026: January to September 2026); average 5-year contracted rate (Bank of Canada, Statistics Canada 10-10-0006); payment at 20% down over 25 years; housing cost = payment + taxes estimated at 1% of the price + heating $1,200 per year, condo fees not included; required salary = annual cost ÷ 32%.
What the comparison says in Drummondville
- The condo price rose 87% and the required salary 98% in Drummondville: the rate did the rest, 2.67% in 2016 versus 4.14% in 2026. At the 2016 rate, the 2026 condo would need $52,434 of salary instead of $59,147; the rate explains 23% of the increase.
- The 2026 median condo in Drummondville needs $59,147 of income, more than the 2016 median house ($32,078). In 47 of 49 cities, today's condo takes more salary than the house of ten years ago.
- The lowest rate of the decade, in 2021: $39,716 of required salary for a condo at $224,500 at 2.13%. From 2021 to 2026, the required salary rose 49% in Drummondville, the price 29%.
- On October 28, 2026, the Bank of Canada raised its policy rate from 2.25% to 2.5%: variable rates follow, while the 5-year fixed rate used here depends mostly on bond yields. One more point of interest is worth about $4,875 of required salary on the median condo in Drummondville, 8% of the required income.
- Across the 49 cities tracked, the salary required for the median condo went from $34,103 to $78,375 at the median (+121%, price +106%); it doubled in 41 cities. In 2016, 48 of 49 cities needed $60,000 or less; in 2026, 5, and 25 stay under $80,000.
What it changes for buying or selling a condo in Drummondville
In Drummondville, the salary required for a condo rose +98% in ten years, less than in most of the 49 cities tracked (median +121%). At $59,147 of gross income with 20% down, the median condo is often within reach of a single salary: now is the time to see what that income really buys, before the next rate increase. For a seller, the pool of qualified buyers at this price is wide. The house alongside: salary to buy the median house in Drummondville. The payment alone, year by year, is in mortgage payment on the median condo in Drummondville; the effect of the October 28 hike in rate hike in Drummondville: what it changes for buyers.
How to read these numbers
The required salary is the household's gross annual income at which the housing cost (mortgage payment, municipal and school taxes, heating) is 32% of income, the gross debt service (GDS) ratio lenders use. Assumptions: 20% down payment, 25-year amortization, the year's average contracted rate (2.67% in 2016, 2.13% in 2021, 4.14% in 2026), municipal and school taxes estimated at 1% of the price per year, heating and electricity at $1,200 per year, a 32% gross debt service ratio, condo fees not included. Condo fees are not in the calculation, because they vary from one building to the next. Lenders generally count half of them in the GDS ratio: every $100 of monthly fees adds about $1,875 to the required salary, and $300 a month, about $5,625. The lender's qualifying rate is not applied here, which makes the calculation more favourable than real qualification.
Frequently asked questions
What salary do you need to buy a condo in Drummondville in 2026?
About $59,147 of gross household income for the median condo at $289,500 (January to September 2026), with 20% down, 25-year amortization, the 4.14% contracted rate, taxes at 1% of the price and $1,200 of heating, at a 32% GDS ratio. Add about $1,875 for every $100 of monthly condo fees.
How much less salary does a condo need than a house in Drummondville?
The median condo needs $59,147 of income in 2026 and the median house $85,997: $26,850 less, 31%. Across the 49 cities tracked, the median gap is $41,506 (35%), before condo fees.
Did price or rate push the required salary up in Drummondville?
Price first: at the 2016 rate, the 2026 condo would already need $52,434, +76% more than in 2016. The rate adds $6,713, 23% of the increase in Drummondville. Across the 49 cities, the rate's share is 21% at the median.
Sources: Centris (Matrix), Statistics module, September 16, 2026 query for the municipality of Drummondville, median sale price of condos by year; Bank of Canada and Statistics Canada (table 10-10-0006) for contracted rates; tax, heating and condo fee assumptions labelled; compiled by the Loaa & Manseur team, aggregates only. The salary to buy the median condo in 49 cities hub compares the 49 cities.
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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.