Property Prices in Edmonton, Canada

Index Info
Price to Income Ratio: 3.71
Mortgage as Percentage of Income: 25.11%
Loan Affordability Index: 3.98
Price to Rent Ratio - City Centre: 14.24
Price to Rent Ratio - Outside of Centre: 11.62
Gross Rental Yield (City Centre): 7.02%
Gross Rental Yield (Outside of Centre): 8.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,164.55 C$ 950.00-1,500.00
Apartment (1 bedroom) Outside of Centre 982.15 C$ 850.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,754.60 C$ 1,500.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,514.16 C$ 1,300.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 311.42 C$ 250.00-464.51
Price per Square Feet to Buy Apartment Outside of Centre 216.48 C$ 172.33-280.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,831.08 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.20 2.50-4.20

These data are based on 290 entries in the past 18 months from 54 different contributors.
Last update: February 2021

Sources and References
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