Property Prices in Canada

Index Info
Price to Income Ratio: 9.54
Mortgage as Percentage of Income: 81.27%
Loan Affordability Index: 1.23
Price to Rent Ratio - City Centre: 26.10
Price to Rent Ratio - Outside of Centre: 22.14
Gross Rental Yield (City Centre): 3.83%
Gross Rental Yield (Outside of Centre): 4.52%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,643.24 C$ 1,004.50-2,541.22
Apartment (1 bedroom) Outside of Centre 1,394.55 C$ 886.67-2,138.30
Apartment (3 bedrooms) in City Centre 2,707.28 C$ 1,416.67-4,540.87
Apartment (3 bedrooms) Outside of Centre 2,334.69 C$ 1,350.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 836.24 C$ 400.00-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 606.01 C$ 325.00-1,099.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,069.47 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.89 2.19-8.75

These data are based on 8173 entries in the past 18 months from 1516 different contributors.
Last update: May 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 18.2 2.3 2.6 44.3 38.0 168.2 0.6
Brampton 8.3 4.7 5.2 21.4 19.4 72.9 1.4
Burlington 8.2 4.2 3.8 23.6 26.2 74.8 1.3
Burnaby 9.2 5.6 4.6 17.9 21.7 88.7 1.1
Calgary 5.4 6.2 6.8 16.2 14.7 48.1 2.1
Coquitlam 10.3 4.8 4.4 20.7 22.6 88.2 1.1
Edmonton 3.4 8.7 8.3 11.4 12.0 27.7 3.6
Fredericton 3.1 7.4 9.9 13.5 10.1 28.3 3.5
Gatineau 6.7 5.0 6.3 20.1 15.9 52.8 1.9
Guelph 5.8 6.4 7.8 15.5 12.7 59.0 1.7
Halifax 6.0 6.1 9.1 16.5 11.0 47.8 2.1
Hamilton 7.6 5.9 5.5 16.9 18.3 62.7 1.6
Kamloops 10.0 4.3 4.0 23.1 24.8 95.0 1.1
Kelowna 6.1 6.7 7.7 14.9 13.0 52.7 1.9
Kingston 11.5 3.5 3.2 28.8 30.9 106.8 0.9
Kitchener 8.7 4.3 4.4 23.3 22.9 78.9 1.3
Lethbridge, AB 4.0 7.2 6.8 13.9 14.8 31.7 3.2
London 5.2 6.6 7.1 15.0 14.2 41.5 2.4
Markham 16.0 3.0 3.1 33.0 32.6 148.8 0.7
Mississauga 9.7 4.5 5.1 22.2 19.4 80.9 1.2
Moncton 14.5 2.0 3.5 49.7 28.7 122.2 0.8
Montreal 8.5 3.8 5.0 26.5 20.0 70.6 1.4
Nanaimo, BC 6.7 7.1 6.3 14.0 16.0 58.8 1.7
Oakville 7.4 7.4 4.9 13.5 20.3 68.8 1.5
Oshawa 19.4 1.6 1.4 63.9 70.2 181.5 0.6
Ottawa 9.1 4.2 4.2 23.6 24.0 84.6 1.2
Quebec City 10.3 1.9 5.4 52.3 18.5 91.8 1.1
Red Deer 2.3 12.2 11.7 8.2 8.5 21.1 4.7
Regina 2.6 7.9 7.6 12.6 13.1 21.3 4.7
Richmond 14.5 3.9 4.1 25.4 24.1 120.2 0.8
Saskatoon 4.5 8.1 5.0 12.3 20.2 35.2 2.8
St. John's, Newfoundland and Labrador 3.4 8.4 6.1 12.0 16.4 33.3 3.0
St.Catharines 5.2 6.9 4.5 14.5 22.2 45.2 2.2
Sudbury 4.2 5.5 6.9 18.3 14.5 40.1 2.5
Surrey 9.6 3.1 3.9 32.3 25.7 78.0 1.3
Toronto 12.8 4.0 4.2 24.7 23.5 109.5 0.9
Vancouver 13.4 4.0 4.2 25.1 23.7 113.2 0.9
Victoria 14.1 3.8 3.7 26.3 27.3 124.8 0.8
Windsor 5.4 5.0 8.0 19.9 12.4 50.3 2.0
Winnipeg 6.4 6.1 6.3 16.3 15.8 52.8 1.9
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