Property Prices in Hamilton, Canada

Index Info
Price to Income Ratio: 28.54
Mortgage as Percentage of Income: 257.78%
Loan Affordability Index: 0.39
Price to Rent Ratio - City Centre: 62.03
Price to Rent Ratio - Outside of Centre: 56.80
Gross Rental Yield (City Centre): 1.61%
Gross Rental Yield (Outside of Centre): 1.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,864.52 C$ 1,500.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,742.21 C$ 1,300.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,737.78 C$ 2,100.00-3,300.00
Apartment (3 bedrooms) Outside of Centre 2,711.75 C$ 2,419.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,149.98 C$ 300.00-3,999.97
Price per Square Feet to Buy Apartment Outside of Centre 1,883.86 C$ 280.00-4,999.96
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,803.05 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.62 4.45-6.90

These data are based on 88 entries from 22 contributors over the past 18 months.
Last update: 18 May 2025

Sources and References
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