Property Prices in Markham, Canada

Index Info
Price to Income Ratio: 9.43
Mortgage as Percentage of Income: 67.22%
Loan Affordability Index: 1.49
Price to Rent Ratio - City Centre: 26.56
Price to Rent Ratio - Outside of Centre: 22.26
Gross Rental Yield (City Centre): 3.76%
Gross Rental Yield (Outside of Centre): 4.49%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,931.82 C$ 1,800.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,647.78 C$ 1,500.00-1,900.00
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) 4,641.25 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.77 2.00-4.00

These data are based on 86 entries in the past 18 months from 16 different contributors.
Last update: April 2021

Sources and References
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