Property Prices in Montreal, Canada

Index Info
Price to Income Ratio: 8.81
Mortgage as Percentage of Income: 70.27%
Loan Affordability Index: 1.42
Price to Rent Ratio - City Centre: 27.96
Price to Rent Ratio - Outside of Centre: 20.80
Gross Rental Yield (City Centre): 3.58%
Gross Rental Yield (Outside of Centre): 4.81%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,382.21 C$ 1,195.00-1,700.00
Apartment (1 bedroom) Outside of Centre 1,045.00 C$ 850.00-1,300.00
Apartment (3 bedrooms) in City Centre 2,494.14 C$ 2,000.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,784.44 C$ 1,400.00-2,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 784.35 C$ 557.41-999.99
Price per Square Feet to Buy Apartment Outside of Centre 430.38 C$ 328.13-624.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,710.91 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.09 2.75-8.75

These data are based on 449 entries in the past 18 months from 86 different contributors.
Last update: August 2022

Sources and References
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