Compare current fixed and variable mortgage rates, monthly payment estimates, and first-time buyer programs for Brossard homebuyers.
Based on $$460,000 average home price at current Quebec rates.
| Down % | Down Amount | CMHC Fee | Mortgage | Monthly Fixed | Monthly Variable |
|---|---|---|---|---|---|
| 5% | $23,000 | $17,480 | $454,480 | $2,623/mo | $2,232/mo |
| 10% | $46,000 | $12,834 | $426,834 | $2,463/mo | $2,096/mo |
| 15% | $69,000 | $10,948 | $401,948 | $2,319/mo | $1,974/mo |
| 20%NO CMHC | $92,000 | $0 ✅ | $368,000 | $2,124/mo | $1,807/mo |
The average home price in Brossard is approximately $460,000 as of 2026, representing a +3.9% change year-over-year.
Current 5-year fixed rates in Brossard start around 4.87%, while variable rates start around 3.32%. Credit unions in Quebec often offer rates 0.25–0.50% below major banks.
To afford a $460,000 home in Brossard with 10% down at 4.87%, you would need approximately $73,508/year gross income to meet the GDS ratio of 39%.
For a $460,000 home, the minimum down payment is 5% ($23,000). With 5% down, CMHC insurance of $17,480 is added to your mortgage.
With the Bank of Canada holding at 2.25%, variable rates (3.32%) are currently lower than 5-year fixed (4.87%). Variable saves money if rates stay flat or drop, but fixed gives payment certainty. Consult a mortgage broker for your specific situation.