Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 10.79
Mortgage as Percentage of Income: 97.85%
Loan Affordability Index: 1.02
Price to Rent Ratio - City Centre: 23.36
Price to Rent Ratio - Outside of Centre: 15.20
Gross Rental Yield (City Centre): 4.28%
Gross Rental Yield (Outside of Centre): 6.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,990.68 C$ 1,800.00-2,495.00
Apartment (1 bedroom) Outside of Centre 1,683.08 C$ 1,400.00-2,077.55
Apartment (3 bedrooms) in City Centre 3,242.11 C$ 2,800.00-3,900.00
Apartment (3 bedrooms) Outside of Centre 2,681.76 C$ 2,400.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 902.01 C$ 786.99-975.47
Price per Square Feet to Buy Apartment Outside of Centre 491.82 C$ 371.61-603.86
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,476.98 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 5.00-8.75

These data are based on 187 entries in the past 18 months from 38 different contributors.
Last update: February 2024

Sources and References
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