How much does buying a home in Repentigny cost in 2026?
Buying a home in Repentigny at the median price of $553,500 (Centris statistics, January 1 to June 30, 2026) requires about $30,350 in minimum down payment, plus a series of costs that must be planned in cash: welcome tax, notary, inspection, provincial tax on the mortgage insurance premium, and tax adjustments. Most first-time buyers plan their down payment and discover the rest along the way. Here is the complete bill, item by item, with what can be rolled into the mortgage and what cannot.
1. The down payment
The rule in Canada: 5% on the first $500,000 of the purchase price, then 10% on the portion above $500,000. For a home at Repentigny's median price of $553,500, that comes to $25,000 plus $5,350, so about $30,350. This amount can come from your savings, the HBP (up to $60,000 per person withdrawn from your RRSP tax-free) and the FHSA (up to $40,000 lifetime, tax-free withdrawals for a first home). The two can be combined.
2. Mortgage loan insurance and its provincial tax
A down payment under 20% makes mortgage loan insurance mandatory. The 2026 premium rates depend on your down payment: 4.00% of the borrowed amount for a down payment of 5 to 9.99%, 3.10% for 10 to 14.99%, and 2.80% for 15 to 19.99%. In our $553,500 example with the minimum down payment, the loan is about $523,150, which puts the premium around $20,900. Good news: this premium is added to the mortgage, you do not pay it in cash.
The trap almost nobody mentions: in Quebec, provincial sales tax applies to the premium, and that tax cannot be financed into the mortgage. On a premium of about $20,900, that represents roughly $2,100 to pay out of pocket on signing day at the notary. It is an amount that surprises many buyers who learn about it a week before the transaction. Each down payment tier you reach (10%, 15%) reduces the premium and therefore this tax, which is sometimes worth calculating before making an offer.
3. The welcome tax
In Repentigny, it is calculated in brackets, with a municipal rate of 3% on the portion of the price above $500,000, which most generic calculators miss. On a $550,000 home, the bill lands around $7,110 according to the example published by the City. It is paid in a single installment within 30 days of the bill, a few weeks after the notary, and it cannot be financed into the mortgage. Since 2026, eligible first-time buyers can however recover up to $5,875 thanks to Quebec's new tax credit. The full calculation and credit conditions are detailed here.
4. Notary fees
In Quebec, the buyer chooses and pays the notary. Fees vary from one firm to another and with the complexity of the file, so the right reflex is to request a written quote before hiring anyone. Also plan for, on top of fees: land registry publication costs, copies of deeds and title searches, often billed separately. Remember too that a first-time buyer generally goes to the notary twice: once for the deed of hypothec, once for the deed of sale.
5. The pre-purchase inspection
It is not mandatory, but it is the expense with the best return. The rate varies with square footage, building age and the inspector, so ask for a quote. It is an out-of-pocket amount, usually paid shortly after the offer is accepted, and it stays your cost even if the transaction falls through. That is exactly the point: an inspection revealing a roof to redo or a problematic foundation costs you a few hundred dollars and saves you tens of thousands.
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Calculate my real budget6. Adjustments and forgotten costs
At the notary, you reimburse the seller the portion of municipal and school taxes they already paid for the period when you will be the owner. If the seller paid the full year in January and you buy in July, you reimburse half. Also plan for: home insurance, mandatory from possession and required by your lender, moving costs, service connections and transfers, and sometimes replacing the certificate of location when the seller's is outdated. On a new property, federal and provincial sales taxes also apply to the purchase price, with possible rebates depending on price, which changes the calculation entirely.
And how much does the real estate broker cost?
In the vast majority of transactions in Quebec, the buyer's broker compensation is paid out of the compensation set in the seller's brokerage contract. A buyer therefore gets full support, search, visits, document verification, negotiation, without paying out of pocket in most cases. Exceptions exist, notably when a property is sold without a listing broker, and they are explained before signing the buyer brokerage contract, not after.
What can be financed and what cannot
Can be financed into the mortgage: the mortgage loan insurance premium. Cannot be financed, plan for in cash: the down payment, the provincial tax on the insurance premium, the welcome tax, notary fees, the pre-purchase inspection, tax adjustments, home insurance and moving costs.
This is why the real purchase budget is never equal to the down payment. The right way to plan: establish your borrowing capacity with a mortgage broker before shopping, then add on top the cash reserve needed for every item above. A buyer who discovers these costs after making an offer ends up squeezed at the worst moment of the transaction.
Frequently asked questions about purchase costs in Repentigny
How much does buying a home in Repentigny cost?
For a home at the median price of $553,500 (Centris, January to June 2026), plan for about $30,350 in minimum down payment, plus costs payable in cash: welcome tax of about $7,110, provincial tax on the mortgage insurance premium of about $2,100, notary fees, pre-purchase inspection and tax adjustments. Only the mortgage loan insurance premium is added to the mortgage. Eligible first-time buyers can recover up to $5,875 of the welcome tax with Quebec's credit.
What down payment for a $550,000 home in Quebec?
About $30,000: 5% on the first $500,000, meaning $25,000, then 10% on the excess $50,000, meaning $5,000. A down payment under 20% makes mortgage loan insurance mandatory. The HBP and FHSA can be used to build that amount.
Which costs cannot be included in the mortgage?
The down payment, welcome tax, notary fees, pre-purchase inspection, tax adjustments, home insurance and moving costs are paid in cash. The provincial sales tax on the mortgage insurance premium also cannot be financed: it is paid at the notary. Only the premium itself is added to your loan amount.
How much does mortgage loan insurance cost in Quebec?
The premium is 4.00% of the borrowed amount for a down payment of 5 to 9.99%, 3.10% for 10 to 14.99% and 2.80% for 15 to 19.99%. It is added to the mortgage. However, the provincial sales tax calculated on that premium must be paid in cash at the notary and cannot be financed. Increasing your down payment to reach the next tier reduces both amounts.
Does the buyer pay the real estate broker in Quebec?
In most transactions, no. The buyer's broker compensation comes from the compensation set in the seller's brokerage contract, so the buyer generally pays nothing out of pocket. Exceptions, such as a property sold without a listing broker, must be explained before signing the buyer brokerage contract.
Conclusion
The real cost of buying in Repentigny is the down payment plus a cash reserve that surprises most first-time buyers when it arrives at the end of the process. Planned in advance, it causes no stress. Discovered at the last minute, it can put a transaction at risk. I am Samuel Gendron, residential real estate broker in Repentigny, and I do this full calculation with every buyer before the first visit, not after the offer. If you are preparing a purchase in Repentigny or anywhere in Lanaudière, the first meeting comes with no commitment. The complete first-time buyer guide for Repentigny covers every step of the purchase.
