Property Prices in Medicine Hat, Canada

Index Info
Price to Income Ratio: 4.23
Mortgage as Percentage of Income: 29.44%
Loan Affordability Index: 3.40
Price to Rent Ratio - City Centre: 13.03
Price to Rent Ratio - Outside of Centre: 13.48
Gross Rental Yield (City Centre): 7.67%
Gross Rental Yield (Outside of Centre): 7.42%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 873.00 C$ 800.00-1,200.00
Apartment (1 bedroom) Outside of Centre 833.33 C$ 650.00-900.00
Apartment (3 bedrooms) in City Centre 1,350.00 C$ 1,200.00-1,800.00
Apartment (3 bedrooms) Outside of Centre 1,300.00 C$ 1,200.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 216.00 C$
Price per Square Feet to Buy Apartment Outside of Centre 214.00 C$ 200.00-228.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,732.67 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.49 1.90-6.89

These data are based on 42 entries in the past 18 months from 8 different contributors.
Last update: July 2021

Sources and References
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