Property Prices in London, Canada

Index Info
Price to Income Ratio: 4.74
Mortgage as Percentage of Income: 32.58%
Loan Affordability Index: 3.07
Price to Rent Ratio - City Centre: 14.30
Price to Rent Ratio - Outside of Centre: 14.84
Gross Rental Yield (City Centre): 6.99%
Gross Rental Yield (Outside of Centre): 6.74%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,251.80 C$ 1,000.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,075.77 C$ 850.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,068.42 C$ 1,500.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 1,700.20 C$ 1,200.00-2,700.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 349.41 C$ 200.00-649.99
Price per Square Feet to Buy Apartment Outside of Centre 305.91 C$ 232.26-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,718.49 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.35 2.13-4.00

These data are based on 216 entries in the past 18 months from 38 different contributors.
Last update: February 2021

Sources and References
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