Property Prices in Medicine Hat, Canada

Index
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	Edit	Range
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	Edit
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	Edit
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

Nearby cities:

Property Prices in Lethbridge, AB	105.29 miles
Property Prices in Calgary	181.65 miles

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country data (source The World Bank, 2021)
GDP Per Capita ($) :	49,031.00
GDP Growth Rate:	1.66%
Population Growth Rate:	0.77%