Property Prices in Kitchener, Canada

Index Info
Price to Income Ratio: 7.62
Mortgage as Percentage of Income: 53.26%
Loan Affordability Index: 1.88
Price to Rent Ratio - City Centre: 19.15
Price to Rent Ratio - Outside of Centre: 18.44
Gross Rental Yield (City Centre): 5.22%
Gross Rental Yield (Outside of Centre): 5.42%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,451.19 C$ 1,200.00-1,700.00
Apartment (1 bedroom) Outside of Centre 1,238.40 C$ 1,000.00-1,550.00
Apartment (3 bedrooms) in City Centre 2,080.29 C$ 1,800.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,885.71 C$ 1,500.00-2,350.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 511.58 C$ 400.00-625.60
Price per Square Feet to Buy Apartment Outside of Centre 430.70 C$ 371.61-473.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,327.64 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.55 2.25-4.00

These data are based on 173 entries in the past 18 months from 32 different contributors.
Last update: June 2021

Sources and References
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