Property Prices in London, Canada

Index Info
Price to Income Ratio: 4.45
Mortgage as Percentage of Income: 30.62%
Loan Affordability Index: 3.27
Price to Rent Ratio - City Centre: 13.01
Price to Rent Ratio - Outside of Centre: 12.67
Gross Rental Yield (City Centre): 7.68%
Gross Rental Yield (Outside of Centre): 7.89%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,496.34 C$ 1,100.00-2,590.34
Apartment (1 bedroom) Outside of Centre 1,210.74 C$ 900.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,633.71 C$ 1,800.00-5,180.68
Apartment (3 bedrooms) Outside of Centre 2,099.78 C$ 1,475.00-3,453.78
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 390.79 C$ 278.71-3,299.97
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) 4,211.20 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.37 2.13-3.95

These data are based on 178 entries in the past 18 months from 33 different contributors.
Last update: July 2021

Sources and References
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