Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 8.96
Mortgage as Percentage of Income: 79.77%
Loan Affordability Index: 1.25
Price to Rent Ratio - City Centre: 22.23
Price to Rent Ratio - Outside of Centre: 10.46
Gross Rental Yield (City Centre): 4.50%
Gross Rental Yield (Outside of Centre): 9.56%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,001.72 C$ 1,800.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,639.13 C$ 1,300.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,279.17 C$ 2,900.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,695.42 C$ 2,400.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 865.28 C$ 786.99-943.56
Price per Square Feet to Buy Apartment Outside of Centre 333.87 C$ 130.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,602.73 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.44 5.00-6.90

These data are based on 222 entries in the past 18 months from 48 different contributors.
Last update: September 2024

Sources and References
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