Property Prices in Kitchener, Canada

Index Info
Price to Income Ratio: 7.66
Mortgage as Percentage of Income: 53.48%
Loan Affordability Index: 1.87
Price to Rent Ratio - City Centre: 18.55
Price to Rent Ratio - Outside of Centre: 18.99
Gross Rental Yield (City Centre): 5.39%
Gross Rental Yield (Outside of Centre): 5.27%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,391.19 C$ 1,200.00-1,695.00
Apartment (1 bedroom) Outside of Centre 1,136.84 C$ 900.00-1,500.00
Apartment (3 bedrooms) in City Centre 1,980.56 C$ 1,800.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,768.42 C$ 1,500.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 473.97 C$ 400.00-557.41
Price per Square Feet to Buy Apartment Outside of Centre 410.90 C$ 355.00-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,110.54 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.54 2.25-4.00

These data are based on 166 entries in the past 18 months from 31 different contributors.
Last update: February 2021

Sources and References
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