Property Prices in Canada

Index Info
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
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Apartment (1 bedroom) in City Centre 1,737.21 C$ 1,115.77-2,830.55
Apartment (1 bedroom) Outside of Centre 1,494.31 C$ 951.54-2,302.61
Apartment (3 bedrooms) in City Centre 2,783.00 C$ 1,745.45-5,058.96
Apartment (3 bedrooms) Outside of Centre 2,419.43 C$ 1,471.67-3,930.58
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 859.84 C$ 390.70-1,452.92
Price per Square Feet to Buy Apartment Outside of Centre 622.33 C$ 267.67-1,105.54
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,025.49 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.80 2.99-8.75

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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