Property Prices in Edmonton, Canada

Index Info
Price to Income Ratio: 3.73
Mortgage as Percentage of Income: 24.36%
Loan Affordability Index: 4.11
Price to Rent Ratio - City Centre: 13.89
Price to Rent Ratio - Outside of Centre: 12.72
Gross Rental Yield (City Centre): 7.20%
Gross Rental Yield (Outside of Centre): 7.86%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,171.58 C$ 1,000.00-1,500.00
Apartment (1 bedroom) Outside of Centre 987.09 C$ 875.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,827.80 C$ 1,500.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,575.00 C$ 1,400.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 310.18 C$ 250.00-464.51
Price per Square Feet to Buy Apartment Outside of Centre 241.59 C$ 225.00-280.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,984.62 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.80 2.10-4.00

These data are based on 291 entries in the past 18 months from 55 different contributors.
Last update: June 2021

Sources and References
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