Property Prices in Canada
| Index |  |
|---|---|
| Price to Income Ratio: | 9.91 |
| Mortgage as Percentage of Income: | 90.77% |
| Loan Affordability Index: | 1.10 |
| Price to Rent Ratio - City Centre: | 25.69 |
| Price to Rent Ratio - Outside of Centre: | 21.52 |
| Gross Rental Yield (City Centre): | 3.89% |
| Gross Rental Yield (Outside of Centre): | 4.65% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,737.21 C$ | |
| Apartment (1 bedroom) Outside of Centre | 1,494.31 C$ | |
| Apartment (3 bedrooms) in City Centre | 2,783.00 C$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,419.43 C$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 859.84 C$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 622.33 C$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,025.49 C$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.80 |
These data are based on 9100 entries in the past 18 months from 1629 different contributors.
Last update: November 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in Canada
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Abbotsford | 8.4 | 8.0 | 4.6 | 12.5 | 21.9 | 82.4 | 1.2 | |
| Barrie | 10.7 | 4.2 | 4.8 | 24.1 | 20.7 | 97.4 | 1.0 | |
| Brampton | 11.5 | 4.0 | 4.3 | 24.9 | 23.2 | 107.6 | 0.9 | |
| Burlington | 8.2 | 4.4 | 3.8 | 22.9 | 26.2 | 78.9 | 1.3 | |
| Burnaby | 9.4 | 5.6 | 4.6 | 17.8 | 21.6 | 90.2 | 1.1 | |
| Calgary | 6.2 | 6.1 | 6.4 | 16.5 | 15.5 | 56.4 | 1.8 | |
| Charlottetown | 5.8 | 8.3 | 10.6 | 12.0 | 9.4 | 45.8 | 2.2 | |
| Coquitlam | 14.3 | 5.2 | 4.7 | 19.3 | 21.2 | 138.4 | 0.7 | |
| Edmonton | 4.4 | 6.9 | 8.1 | 14.6 | 12.3 | 39.4 | 2.5 | |
| Fredericton | 3.4 | 8.3 | 10.4 | 12.1 | 9.6 | 33.0 | 3.0 | |
| Gatineau | 6.1 | 5.1 | 6.2 | 19.5 | 16.1 | 54.6 | 1.8 | |
| Guelph | 8.1 | 5.6 | 5.6 | 17.9 | 17.8 | 77.7 | 1.3 | |
| Halifax | 7.5 | 5.2 | 9.0 | 19.3 | 11.1 | 67.4 | 1.5 | |
| Hamilton | 18.9 | 2.3 | 1.9 | 42.8 | 53.0 | 168.4 | 0.6 | |
| Kamloops | 8.8 | 4.3 | 4.2 | 23.1 | 23.8 | 83.3 | 1.2 | |
| Kelowna | 6.7 | 6.2 | 7.2 | 16.1 | 13.9 | 61.0 | 1.6 | |
| Kingston | 11.1 | 3.5 | 3.3 | 28.8 | 30.4 | 104.9 | 1.0 | |
| Kitchener | 8.6 | 4.5 | 4.6 | 22.1 | 21.6 | 81.3 | 1.2 | |
| Langley, BC | 11.4 | 3.9 | 4.4 | 26.0 | 22.8 | 101.0 | 1.0 | |
| Lethbridge, AB | 3.8 | 7.6 | 7.5 | 13.2 | 13.3 | 34.0 | 2.9 | |
| London | 5.1 | 7.6 | 7.8 | 13.1 | 12.8 | 43.4 | 2.3 | |
| Markham | 14.4 | 3.0 | 3.2 | 33.2 | 31.0 | 139.8 | 0.7 | |
| Mississauga | 9.8 | 5.0 | 5.0 | 20.1 | 20.0 | 92.0 | 1.1 | |
| Moncton | 12.3 | 2.1 | 4.7 | 48.0 | 21.3 | 112.9 | 0.9 | |
| Montreal | 9.1 | 4.3 | 5.0 | 23.2 | 20.0 | 77.3 | 1.3 | |
| Nanaimo, BC | 6.9 | 7.4 | 6.7 | 13.5 | 15.0 | 63.4 | 1.6 | |
| New Westminster | 9.6 | 4.4 | 4.0 | 22.7 | 24.8 | 90.3 | 1.1 | |
| North Vancouver | 5.6 | 5.3 | 10.8 | 18.8 | 9.2 | 50.3 | 2.0 | |
| Oakville | 7.7 | 7.4 | 4.9 | 13.5 | 20.3 | 73.6 | 1.4 | |
| Oshawa | 19.4 | 1.6 | 1.5 | 61.4 | 67.4 | 189.5 | 0.5 | |
| Ottawa | 10.2 | 4.4 | 4.2 | 22.6 | 24.0 | 98.1 | 1.0 | |
| Peterborough | 16.2 | 3.3 | 3.3 | 30.5 | 30.7 | 146.1 | 0.7 | |
| Quebec City | 11.5 | 2.0 | 4.8 | 49.7 | 21.0 | 111.8 | 0.9 | |
| Red Deer | 2.0 | 11.6 | 11.7 | 8.6 | 8.5 | 19.4 | 5.2 | |
| Regina | 3.0 | 8.1 | 7.5 | 12.4 | 13.2 | 28.1 | 3.6 | |
| Richmond | 14.9 | 3.8 | 3.9 | 26.7 | 25.8 | 127.6 | 0.8 | |
| Saskatoon | 4.4 | 8.1 | 5.2 | 12.3 | 19.2 | 38.8 | 2.6 | |
| Sault Ste. Marie | 4.4 | 10.0 | 6.8 | 10.0 | 14.6 | 39.4 | 2.5 | |
| St. John's, Newfoundland and Labrador | 3.7 | 7.9 | 7.0 | 12.7 | 14.3 | 35.4 | 2.8 | |
| St.Catharines | 6.5 | 7.1 | 4.5 | 14.1 | 22.5 | 63.7 | 1.6 | |
| Sudbury | 5.8 | 5.3 | 6.9 | 18.9 | 14.5 | 55.8 | 1.8 | |
| Surrey | 9.2 | 3.5 | 4.6 | 28.5 | 21.9 | 85.2 | 1.2 | |
| Toronto | 12.6 | 4.1 | 4.5 | 24.5 | 22.2 | 111.7 | 0.9 | |
| Vancouver | 15.2 | 3.9 | 4.2 | 25.4 | 23.6 | 140.1 | 0.7 | |
| Vernon, BC | 5.7 | 6.0 | 7.7 | 16.7 | 13.1 | 49.0 | 2.0 | |
| Victoria | 15.6 | 3.9 | 4.0 | 25.6 | 24.7 | 146.5 | 0.7 | |
| Waterloo | 12.3 | 3.0 | 3.0 | 33.3 | 33.8 | 119.2 | 0.8 | |
| Windsor | 5.2 | 5.3 | 8.3 | 18.9 | 12.0 | 48.8 | 2.0 | |
| Winnipeg | 6.1 | 6.6 | 6.9 | 15.3 | 14.5 | 56.3 | 1.8 |
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