Property Prices in Canada

Index Info
Price to Income Ratio: 9.39
Mortgage as Percentage of Income: 78.39%
Loan Affordability Index: 1.28
Price to Rent Ratio - City Centre: 26.22
Price to Rent Ratio - Outside of Centre: 22.81
Gross Rental Yield (City Centre): 3.81%
Gross Rental Yield (Outside of Centre): 4.38%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,627.69 C$ 1,042.63-2,500.00
Apartment (1 bedroom) Outside of Centre 1,381.38 C$ 870.00-2,085.71
Apartment (3 bedrooms) in City Centre 2,608.10 C$ 1,416.67-4,553.66
Apartment (3 bedrooms) Outside of Centre 2,274.56 C$ 1,337.50-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 822.34 C$ 400.00-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 614.29 C$ 306.58-1,068.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,116.86 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.64 2.13-8.75

These data are based on 7529 entries in the past 18 months from 1451 different contributors.
Last update: February 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 9.0 6.9 4.7 14.5 21.3 82.9 1.2
Barrie 16.1 2.3 2.6 43.5 38.6 149.5 0.7
Brampton 7.9 4.3 4.8 23.3 21.0 63.0 1.6
Burlington 8.2 4.2 3.8 23.6 26.2 74.8 1.3
Burnaby 9.8 5.4 4.3 18.5 23.0 94.0 1.1
Calgary 4.8 6.2 6.9 16.2 14.4 40.0 2.5
Charlottetown 5.8 7.7 10.3 12.9 9.7 42.7 2.3
Coquitlam 10.3 4.8 4.4 20.7 22.6 88.2 1.1
Edmonton 3.3 8.6 8.4 11.6 12.0 27.0 3.7
Fredericton 3.1 7.2 9.7 13.9 10.3 28.3 3.5
Gatineau 6.5 4.8 6.3 20.7 15.9 49.2 2.0
Guelph 5.9 6.0 7.6 16.5 13.2 59.1 1.7
Halifax 5.0 6.8 9.6 14.6 10.4 39.1 2.6
Hamilton 7.6 5.8 5.4 17.2 18.6 59.2 1.7
Kamloops 10.0 4.0 3.8 25.0 26.1 87.0 1.1
Kelowna 5.6 6.8 7.9 14.6 12.7 48.0 2.1
Kingston 11.7 3.4 3.2 29.6 31.4 113.0 0.9
Kitchener 7.6 4.2 4.1 23.5 24.1 71.2 1.4
Langley, BC 8.9 3.4 4.9 29.4 20.4 67.6 1.5
Lethbridge, AB 3.9 7.5 7.3 13.3 13.7 30.3 3.3
London 7.2 4.4 6.6 22.8 15.1 57.4 1.7
Markham 16.3 3.0 3.1 33.0 32.6 151.0 0.7
Mississauga 9.8 4.5 5.1 22.2 19.7 78.7 1.3
Moncton 10.5 3.1 3.4 32.0 29.3 91.0 1.1
Montreal 8.5 3.7 4.9 26.7 20.4 69.2 1.4
Nanaimo, BC 6.7 7.0 6.1 14.3 16.3 58.8 1.7
Ottawa 8.4 4.7 4.5 21.5 22.0 72.9 1.4
Quebec City 9.9 1.9 5.5 52.0 18.3 86.2 1.2
Red Deer 2.3 12.2 11.7 8.2 8.5 21.3 4.7
Regina 2.6 7.7 7.3 13.1 13.7 21.2 4.7
Saskatoon 4.3 7.7 4.7 13.0 21.4 33.0 3.0
St.Catharines 4.3 6.8 4.5 14.7 22.1 37.8 2.6
Sudbury 4.2 5.5 6.9 18.3 14.5 40.1 2.5
Surrey 9.6 3.1 3.9 32.1 25.7 78.0 1.3
Toronto 13.1 4.0 4.2 25.3 24.1 112.3 0.9
Vancouver 13.1 3.9 4.1 25.4 24.6 101.6 1.0
Victoria 12.5 3.8 3.9 26.0 25.8 104.7 1.0
Windsor 5.4 4.4 9.9 22.7 10.1 49.7 2.0
Winnipeg 6.1 6.1 6.9 16.4 14.6 48.2 2.1
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