Property Prices in Hamilton, Canada

Index Info
Price to Income Ratio: 7.60
Mortgage as Percentage of Income: 59.80%
Loan Affordability Index: 1.67
Price to Rent Ratio - City Centre: 17.02
Price to Rent Ratio - Outside of Centre: 18.30
Gross Rental Yield (City Centre): 5.87%
Gross Rental Yield (Outside of Centre): 5.46%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,630.77 C$ 1,400.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,487.08 C$ 1,250.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,654.55 C$ 2,100.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,492.31 C$ 2,100.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 538.47 C$ 458.00-600.00
Price per Square Feet to Buy Apartment Outside of Centre 534.62 C$ 500.00-603.86
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,800.00 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.92 2.20-8.75

These data are based on 102 entries in the past 18 months from 20 different contributors.
Last update: March 2023

Sources and References
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