Property Prices in Markham, Canada

Index Info
Price to Income Ratio: 9.08
Mortgage as Percentage of Income: 63.66%
Loan Affordability Index: 1.57
Price to Rent Ratio - City Centre: 26.73
Price to Rent Ratio - Outside of Centre: 21.62
Gross Rental Yield (City Centre): 3.74%
Gross Rental Yield (Outside of Centre): 4.63%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,911.11 C$ 1,700.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,728.75 C$ 1,500.00-2,100.00
Apartment (3 bedrooms) in City Centre 2,792.86 C$ 2,500.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 2,392.86 C$ 2,200.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 947.93 C$ 699.99-1,849.98
Price per Square Feet to Buy Apartment Outside of Centre 678.83 C$ 250.84-1,199.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,818.57 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.58 2.00-4.00

These data are based on 79 entries in the past 18 months from 13 different contributors.
Last update: July 2021

Sources and References
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