Property Prices in Hamilton, Canada

Index Info
Price to Income Ratio: 7.84
Mortgage as Percentage of Income: 68.22%
Loan Affordability Index: 1.47
Price to Rent Ratio - City Centre: 16.53
Price to Rent Ratio - Outside of Centre: 17.48
Gross Rental Yield (City Centre): 6.05%
Gross Rental Yield (Outside of Centre): 5.72%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,674.17 C$ 1,400.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,607.85 C$ 1,300.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,769.23 C$ 2,100.00-3,300.00
Apartment (3 bedrooms) Outside of Centre 2,500.00 C$ 2,100.00-3,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 540.64 C$ 464.51-600.00
Price per Square Feet to Buy Apartment Outside of Centre 534.62 C$ 500.00-603.86
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,691.67 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.15 2.50-8.75

These data are based on 118 entries in the past 18 months from 28 different contributors.
Last update: September 2023

Sources and References
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