Property Prices in London, Canada

Index Info
Price to Income Ratio: 5.29
Mortgage as Percentage of Income: 44.56%
Loan Affordability Index: 2.24
Price to Rent Ratio - City Centre: 14.21
Price to Rent Ratio - Outside of Centre: 13.36
Gross Rental Yield (City Centre): 7.04%
Gross Rental Yield (Outside of Centre): 7.49%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,865.41 C$ 1,282.00-2,627.45
Apartment (1 bedroom) Outside of Centre 1,487.53 C$ 1,290.00-1,970.59
Apartment (3 bedrooms) in City Centre 2,950.74 C$ 2,500.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,285.69 C$ 1,850.00-2,800.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 508.07 C$ 348.00-984.76
Price per Square Feet to Buy Apartment Outside of Centre 376.27 C$ 350.00-464.51
Salaries And Financing
Average Monthly Net Salary (After Tax) 4,497.33 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.74 2.49-8.75

These data are based on 128 entries in the past 18 months from 28 different contributors.
Last update: September 2023

Sources and References
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