Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 9.53
Mortgage as Percentage of Income: 86.75%
Loan Affordability Index: 1.15
Price to Rent Ratio - City Centre: 22.76
Price to Rent Ratio - Outside of Centre: 13.97
Gross Rental Yield (City Centre): 4.39%
Gross Rental Yield (Outside of Centre): 7.16%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,969.35 C$ 1,700.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,592.50 C$ 1,300.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,171.43 C$ 2,700.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,651.90 C$ 2,200.00-3,150.00
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 435.80 C$ 371.61-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,673.12 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.72 5.00-8.75

These data are based on 192 entries in the past 18 months from 36 different contributors.
Last update: May 2024

Sources and References
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