Property Prices in Kitchener, Canada

Index Info
Price to Income Ratio: 7.60
Mortgage as Percentage of Income: 71.05%
Loan Affordability Index: 1.41
Price to Rent Ratio - City Centre: 18.24
Price to Rent Ratio - Outside of Centre: 15.39
Gross Rental Yield (City Centre): 5.48%
Gross Rental Yield (Outside of Centre): 6.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,006.25 C$ 1,800.00-2,150.00
Apartment (1 bedroom) Outside of Centre 1,766.67 C$ 1,500.00-1,900.00
Apartment (3 bedrooms) in City Centre 2,875.00 C$ 2,500.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 2,725.00 C$ 2,600.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 673.54 C$ 622.45-724.64
Price per Square Feet to Buy Apartment Outside of Centre 515.61 C$ 501.67-529.54
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,211.29 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.06 5.00-8.75

These data are based on 63 entries in the past 18 months from 21 different contributors.
Last update: March 2024

Sources and References
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