Property Prices in Kitchener, Canada

Index Info
Price to Income Ratio: 7.03
Mortgage as Percentage of Income: 63.57%
Loan Affordability Index: 1.57
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): 6.5%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,006.25 C$ 1,800.0-2,150.0
Apartment (1 bedroom) Outside of Centre 1,766.67 C$ 1,500.0-1,900.0
Apartment (3 bedrooms) in City Centre 2,875.0 C$ 2,500.0-3,200.0
Apartment (3 bedrooms) Outside of Centre 2,725.0 C$ 2,600.0-2,800.0
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) 4,550.18 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.63 5.0-6.9

These data are based on 59 entries in the past 18 months from 16 different contributors.
Last update: August 2024

Sources and References
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