Salary to buy · Granby · 2016 vs 2026
The gross income it takes to buy the median house in Granby, computed for every year from 2016 to 2026 with the Centris price and the year's contracted rate: how much more than in 2016, and the price's and the rate's share of the increase. Labelled assumptions, nothing estimated on prices.
To buy the median house in Granby, a household needed a gross income of about $35,531 in 2016 (price of $189,000, rate of 2.67%) and needs about $92,266 in 2026 (price of $462,543 over January to September 2026, rate of 4.14%): $56,735 more, +160%, for a price up 145%. The monthly housing cost (mortgage at 20% down over 25 years, taxes at 1% of the price, heating) went from $948 to $2,460; the mortgage is 80% of it. Of the $56,735 increase, the price explains $46,010 and the rate $10,725 (19%). It is one of the lowest required salaries among the 50 cities tracked (median $120,462 in 2026, $47,644 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, 32% gross debt service ratio. Source: Centris (Matrix) for prices, compiled October 13, 2026.
The short answer
To buy the median house in Granby, a household needed a gross income of about $35,531 in 2016 (price of $189,000, rate of 2.67%) and needs about $92,266 in 2026 (price of $462,543 over January to September 2026, rate of 4.14%): $56,735 more, +160%, for a price up 145%. The monthly housing cost (mortgage at 20% down over 25 years, taxes at 1% of the price, heating) went from $948 to $2,460; the mortgage is 80% of it. Of the $56,735 increase, the price explains $46,010 and the rate $10,725 (19%). It is one of the lowest required salaries among the 50 cities tracked (median $120,462 in 2026, $47,644 in 2016).
The salary required for the median house in Granby, 2016 to 2026
| Year | Median house | 5-year contracted rate | Monthly mortgage payment | Monthly housing cost | Gross salary required |
|---|---|---|---|---|---|
| 2016 | $189,000 | 2.67% | $690 | $948 | $35,531 |
| 2017 | $197,500 | 2.87% | $737 | $1,002 | $37,559 |
| 2018 | $207,728 | 3.49% | $829 | $1,102 | $41,328 |
| 2019 | $215,000 | 3.17% | $829 | $1,108 | $41,556 |
| 2020 | $242,000 | 2.44% | $861 | $1,163 | $43,600 |
| 2021 | $305,000 | 2.13% | $1,049 | $1,403 | $52,619 |
| 2022 | $370,000 | 3.90% | $1,541 | $1,949 | $73,100 |
| 2023 | $382,000 | 5.26% | $1,823 | $2,241 | $84,050 |
| 2024 | $419,171 | 4.96% | $1,943 | $2,392 | $89,712 |
| 2025 | $440,500 | 4.20% | $1,892 | $2,359 | $88,466 |
| 2026 | $462,543 | 4.14% | $1,975 | $2,460 | $92,266 |
Median price of single-family houses 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; required salary = annual cost ÷ 32%.
What the comparison says in Granby
- The price rose 145% and the required salary 160% in Granby: the rate did the rest, 2.67% in 2016 against 4.14% in 2026. At the 2016 rate, the 2026 house would require $81,541 of salary instead of $92,266.
- The decade's lowest rate, in 2021: $52,619 of salary required for a house at $305,000 at a 2.13% rate. From 2021 to 2026, the required salary rose 75% in Granby, the price 52%.
- One more point of rate in 2026 would add $7,762 to the required salary in Granby; one point less would remove about as much, 8% of the required salary, the equivalent of a price increase of the same order.
- The price ÷ required salary ratio went from 5.3 to 5.0 in Granby: it takes $19,948 of income per $100,000 of price in 2026.
- Across the 50 cities tracked, the salary required for the median house went from $47,644 to $120,462 in median (+144%, price +124%); it doubled in 47 cities, exceeds $100,000 in 35 cities (against 1 in 2016) and $150,000 in 9. In 2016, 38 cities made do with $60,000; in 2026, 1.
What it changes for buying or selling in Granby
In Granby, the required salary rose +160% in ten years, among the steepest increases of the 50 cities tracked: the median house changed pool of buyers. For a household earning $92,266, it is still doable at 20% down; with the minimum down payment, the insurance premium and the lender's qualifying rate (contract rate plus 2 points), the bar rises a good notch: that is the calculation in what salary to buy a house in Granby. For a seller, the required income says who can buy your house: at this price, your buyer is a two-income household or an owner who is selling. The payment alone, year by year, is in mortgage payment on the median house in Granby; the down payment in down payment to buy in Granby.
How to read these figures
One median price per year (single-family houses sold on Centris in Granby), one rate per year (annual average of contracted rates on 5-year fixed mortgages, insured and uninsured, Bank of Canada and Statistics Canada), a payment computed at 20% down over 25 years with semi-annual compounding. Taxes at 1% of the price and heating at $1,200 per year are labelled assumptions, not measurements: Granby's actual taxes may be higher or lower. The required income is the annual cost divided by 32%.
Frequently asked questions
What salary does it take to buy the median house in Granby in 2026?
About $92,266 of gross household income for the median house at $462,543 (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. With the minimum down payment and the qualifying rate, more is needed.
And in 2016, how much did it take in Granby?
In 2016, the median house in Granby cost $189,000 and the rate was 2.67%: $35,531 of income was enough. In 2026, $92,266: +160%. The price explains $46,010 of the increase and the rate $10,725.
Was it the price or the rate that pushed the required salary up in Granby?
The price first: at the 2016 rate, the 2026 house would already require $81,541, +129% against 2016. The rate adds $10,725, 19% of the increase in Granby. Across the 50 cities, the rate's share is 20% in median.
Sources: Centris (Matrix), Statistics module, September 16, 2026 query for the municipality of Granby, median sale price of single-family houses by year; Bank of Canada and Statistics Canada (table 10-10-0006) for contracted rates; tax and heating assumptions labelled; compiled by the Loaa & Manseur team, aggregates only. The salary to buy the median house in 50 cities hub compares the 50 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.