Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 4.68
Mortgage as Percentage of Income: 35.26%
Loan Affordability Index: 2.84
Price to Rent Ratio - City Centre: 15.27
Price to Rent Ratio - Outside of Centre: 10.69
Gross Rental Yield (City Centre): 6.55%
Gross Rental Yield (Outside of Centre): 9.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,600.17 C$ 1,400.00-1,900.00
Apartment (1 bedroom) Outside of Centre 1,305.17 C$ 1,100.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,578.33 C$ 2,200.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,988.26 C$ 1,750.00-2,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 471.89 C$ 278.71-929.02
Price per Square Feet to Buy Apartment Outside of Centre 263.22 C$ 232.26-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,227.96 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.41 2.20-8.75

These data are based on 212 entries in the past 18 months from 45 different contributors.
Last update: August 2022

Sources and References
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