Property Prices in Hamilton, Canada

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Index Info
Price to Income Ratio: 31.74
Mortgage as Percentage of Income: 289.88%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 58.53
Price to Rent Ratio - Outside of Centre: 55.06
Gross Rental Yield (City Centre): 1.71%
Gross Rental Yield (Outside of Centre): 1.82%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,941.25 C$ 1,600.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,847.67 C$ 1,700.00-2,680.00
Apartment (3 bedrooms) in City Centre 3,171.67 C$ 2,800.00-3,700.00
Apartment (3 bedrooms) Outside of Centre 2,687.50 C$ 2,200.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,207.51 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) 3,468.67 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.76 5.25-7.00

These data are based on 71 entries in the past 18 months from 24 different contributors.
Last update: July 2024

Sources and References
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