Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 5.57
Mortgage as Percentage of Income: 37.52%
Loan Affordability Index: 2.67
Price to Rent Ratio - City Centre: 15.71
Price to Rent Ratio - Outside of Centre: 14.81
Gross Rental Yield (City Centre): 6.36%
Gross Rental Yield (Outside of Centre): 6.75%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,403.65 C$ 1,200.00-1,650.00
Apartment (1 bedroom) Outside of Centre 982.55 C$ 800.00-1,300.00
Apartment (3 bedrooms) in City Centre 2,300.00 C$ 1,700.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,624.42 C$ 1,250.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 428.97 C$ 299.89-999.99
Price per Square Feet to Buy Apartment Outside of Centre 284.12 C$ 139.35-363.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,442.03 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.12 2.20-3.95

These data are based on 217 entries in the past 18 months from 38 different contributors.
Last update: July 2021

Sources and References
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