Property Prices in London, Canada

Index Info
Price to Income Ratio: 5.11
Mortgage as Percentage of Income: 44.65%
Loan Affordability Index: 2.24
Price to Rent Ratio - City Centre: 10.80
Price to Rent Ratio - Outside of Centre: 10.93
Gross Rental Yield (City Centre): 9.26%
Gross Rental Yield (Outside of Centre): 9.15%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,992.85 C$ 1,500.00-3,312.54
Apartment (1 bedroom) Outside of Centre 1,743.92 C$ 1,300.00-3,128.51
Apartment (3 bedrooms) in City Centre 3,382.65 C$ 2,500.00-6,257.03
Apartment (3 bedrooms) Outside of Centre 2,667.77 C$ 2,000.00-4,600.75
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 425.03 C$ 311.22-603.86
Price per Square Feet to Buy Apartment Outside of Centre 360.20 C$ 339.84-492.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,137.95 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.21 4.45-6.90

These data are based on 129 entries from 30 contributors over the past 18 months.
Last update: April 2025

Sources and References
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