Property Prices in Hamilton, Canada

Index Info
Price to Income Ratio: 7.09
Mortgage as Percentage of Income: 48.55%
Loan Affordability Index: 2.06
Price to Rent Ratio - City Centre: 19.97
Price to Rent Ratio - Outside of Centre: 15.76
Gross Rental Yield (City Centre): 5.01%
Gross Rental Yield (Outside of Centre): 6.34%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,303.20 C$ 1,100.00-1,700.00
Apartment (1 bedroom) Outside of Centre 1,122.85 C$ 900.00-1,400.00
Apartment (3 bedrooms) in City Centre 2,000.00 C$ 1,700.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,805.26 C$ 1,400.00-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 492.58 C$ 350.00-729.99
Price per Square Feet to Buy Apartment Outside of Centre 341.48 C$ 278.71-418.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,165.29 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.32 2.15-4.00

These data are based on 215 entries in the past 18 months from 39 different contributors.
Last update: January 2021

Sources and References
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