Property Prices in Hamilton, Canada

Index Info
Price to Income Ratio: 24.76
Mortgage as Percentage of Income: 228.94%
Loan Affordability Index: 0.44
Price to Rent Ratio - City Centre: 58.11
Price to Rent Ratio - Outside of Centre: 56.74
Gross Rental Yield (City Centre): 1.72%
Gross Rental Yield (Outside of Centre): 1.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,998.12 C$ 1,800.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,847.67 C$ 1,700.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,905.00 C$ 2,100.00-3,300.00
Apartment (3 bedrooms) Outside of Centre 2,487.50 C$ 2,000.00-3,000.00
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) 4,383.33 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.92 5.50-8.75

These data are based on 68 entries in the past 18 months from 28 different contributors.
Last update: April 2024

Sources and References
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