Property Prices in Hamilton, Canada
| Index |  |
|---|---|
| Price to Income Ratio: | 7.00 |
| Mortgage as Percentage of Income: | 48.17% |
| Loan Affordability Index: | 2.08 |
| Price to Rent Ratio - City Centre: | 19.56 |
| Price to Rent Ratio - Outside of Centre: | 16.33 |
| Gross Rental Yield (City Centre): | 5.11% |
| Gross Rental Yield (Outside of Centre): | 6.13% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,267.27 C$ | |
| Apartment (1 bedroom) Outside of Centre | 1,074.75 C$ | |
| Apartment (3 bedrooms) in City Centre | 1,961.90 C$ | |
| Apartment (3 bedrooms) Outside of Centre | 1,763.16 C$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 470.90 C$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 341.48 C$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 3,124.78 C$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.38 |
These data are based on 204 entries in the past 18 months from 36 different contributors.
Last update: September 2020
Sources and References
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