Compare current fixed and variable mortgage rates, monthly payment estimates, and first-time buyer programs for Repentigny homebuyers.
Based on $$410,000 average home price at current Quebec rates.
| Down % | Down Amount | CMHC Fee | Mortgage | Monthly Fixed | Monthly Variable |
|---|---|---|---|---|---|
| 5% | $20,500 | $15,580 | $405,080 | $2,337/mo | $1,989/mo |
| 10% | $41,000 | $11,439 | $380,439 | $2,195/mo | $1,868/mo |
| 15% | $61,500 | $9,758 | $358,258 | $2,067/mo | $1,759/mo |
| 20%NO CMHC | $82,000 | $0 ✅ | $328,000 | $1,893/mo | $1,611/mo |
The average home price in Repentigny is approximately $410,000 as of 2026, representing a +3.6% change year-over-year.
Current 5-year fixed rates in Repentigny 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 $410,000 home in Repentigny with 10% down at 4.87%, you would need approximately $65,508/year gross income to meet the GDS ratio of 39%.
For a $410,000 home, the minimum down payment is 5% ($20,500). With 5% down, CMHC insurance of $15,580 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.