Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 8.94
Mortgage as Percentage of Income: 79.66%
Loan Affordability Index: 1.26
Price to Rent Ratio - City Centre: 22.44
Price to Rent Ratio - Outside of Centre: 10.48
Gross Rental Yield (City Centre): 4.46%
Gross Rental Yield (Outside of Centre): 9.54%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,998.57 C$ 1,800.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,654.00 C$ 1,400.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,212.00 C$ 2,800.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,649.58 C$ 2,200.00-3,200.00
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) 3,607.63 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.44 5.10-6.90

These data are based on 210 entries in the past 18 months from 42 different contributors.
Last update: July 2024

Sources and References
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