Property Prices in Hamilton, Canada

Index Info
Price to Income Ratio: 7.17
Mortgage as Percentage of Income: 48.69%
Loan Affordability Index: 2.05
Price to Rent Ratio - City Centre: 19.33
Price to Rent Ratio - Outside of Centre: 14.73
Gross Rental Yield (City Centre): 5.17%
Gross Rental Yield (Outside of Centre): 6.79%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,396.82 C$ 1,100.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,191.42 C$ 900.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,111.76 C$ 1,700.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,952.94 C$ 1,600.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 507.92 C$ 350.00-729.99
Price per Square Feet to Buy Apartment Outside of Centre 341.48 C$ 278.71-600.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,188.25 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.23 2.00-4.00

These data are based on 197 entries in the past 18 months from 36 different contributors.
Last update: June 2021

Sources and References
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