Property Prices in Canada

Index Info
Price to Income Ratio: 8.79
Mortgage as Percentage of Income: 70.45%
Loan Affordability Index: 1.42
Price to Rent Ratio - City Centre: 27.64
Price to Rent Ratio - Outside of Centre: 23.03
Gross Rental Yield (City Centre): 3.62%
Gross Rental Yield (Outside of Centre): 4.34%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,564.83 C$ 941.67-2,300.00
Apartment (1 bedroom) Outside of Centre 1,321.13 C$ 900.00-1,950.00
Apartment (3 bedrooms) in City Centre 2,570.55 C$ 1,561.11-4,248.68
Apartment (3 bedrooms) Outside of Centre 2,209.86 C$ 1,483.33-3,200.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 842.12 C$ 398.27-1,399.99
Price per Square Feet to Buy Apartment Outside of Centre 597.18 C$ 290.32-1,049.99
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,406.65 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.14 2.00-8.75

These data are based on 6006 entries in the past 18 months from 1169 different contributors.
Last update: June 2022
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 7.86 7.00 4.38 14.29 22.81 72.15 1.39
Brampton 6.59 4.23 4.79 23.61 20.90 50.61 1.98
Burlington 9.78 3.82 3.82 26.17 26.20 83.15 1.20
Burnaby 9.57 5.34 4.29 18.74 23.29 91.79 1.09
Calgary 3.63 7.65 6.76 13.07 14.80 26.99 3.70
Edmonton 2.87 8.70 8.23 11.49 12.15 21.62 4.63
Guelph 6.23 5.28 6.65 18.95 15.03 66.04 1.51
Halifax 4.55 6.46 9.21 15.48 10.85 34.15 2.93
Hamilton 7.86 5.37 5.03 18.62 19.87 59.26 1.69
Kamloops 10.04 3.71 3.66 26.95 27.32 79.86 1.25
Kelowna 5.07 6.99 7.73 14.32 12.94 40.18 2.49
Kingston 16.04 2.40 2.03 41.72 49.19 154.46 0.65
Kitchener 9.37 4.04 3.90 24.76 25.67 76.37 1.31
Laval 7.90 3.16 3.21 31.61 31.17 75.61 1.32
London 7.39 3.90 5.86 25.66 17.08 56.24 1.78
Mississauga 10.45 4.36 4.82 22.94 20.75 77.61 1.29
Montreal 9.18 3.51 4.72 28.51 21.21 73.14 1.37
Nanaimo, BC 8.34 4.97 4.41 20.13 22.70 80.47 1.24
North Vancouver 7.12 3.50 8.32 28.61 12.03 54.34 1.84
Oshawa 1.49 16.58 16.36 6.03 6.11 14.02 7.13
Ottawa 6.02 5.55 6.75 18.03 14.82 47.38 2.11
Quebec City 7.20 1.84 7.04 54.32 14.21 54.43 1.84
Red Deer 2.01 13.93 8.82 7.18 11.34 15.36 6.51
Regina 2.98 7.40 7.24 13.52 13.81 23.55 4.25
Richmond 15.61 3.09 2.93 32.31 34.08 148.47 0.67
St.Catharines 5.62 6.76 4.55 14.79 21.98 49.25 2.03
Sudbury 3.52 6.19 7.10 16.15 14.08 33.67 2.97
Surrey 9.53 3.08 3.95 32.42 25.34 72.00 1.39
Toronto 11.29 3.44 3.83 29.03 26.09 91.12 1.10
Vancouver 12.00 3.71 3.74 26.99 26.72 87.73 1.14
Victoria 10.51 3.46 3.60 28.92 27.75 80.33 1.24
Windsor 5.83 4.40 10.38 22.70 9.63 53.38 1.87
Winnipeg 6.05 5.74 6.42 17.41 15.58 44.82 2.23
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