Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 10.63
Mortgage as Percentage of Income: 97.36%
Loan Affordability Index: 1.03
Price to Rent Ratio - City Centre: 23.52
Price to Rent Ratio - Outside of Centre: 15.52
Gross Rental Yield (City Centre): 4.25%
Gross Rental Yield (Outside of Centre): 6.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,983.12 C$ 1,700.00-2,495.00
Apartment (1 bedroom) Outside of Centre 1,636.25 C$ 1,300.00-2,094.76
Apartment (3 bedrooms) in City Centre 3,204.55 C$ 2,700.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,651.90 C$ 2,200.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 902.01 C$ 786.99-975.47
Price per Square Feet to Buy Apartment Outside of Centre 491.82 C$ 371.61-603.86
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,528.26 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.80 5.00-8.75

These data are based on 200 entries in the past 18 months from 37 different contributors.
Last update: May 2024

Sources and References
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