Property Prices in Montreal, Canada

Index Info
Price to Income Ratio: 7.07
Mortgage as Percentage of Income: 44.89%
Loan Affordability Index: 2.23
Price to Rent Ratio - City Centre: 21.43
Price to Rent Ratio - Outside of Centre: 18.19
Gross Rental Yield (City Centre): 4.67%
Gross Rental Yield (Outside of Centre): 5.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,291.41 C$ 970.00-1,700.00
Apartment (1 bedroom) Outside of Centre 898.62 C$ 700.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,245.35 C$ 1,800.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,550.54 C$ 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 552.30 C$ 464.51-749.99
Price per Square Feet to Buy Apartment Outside of Centre 325.20 C$ 232.26-450.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,340.33 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.49 1.95-5.00

These data are based on 502 entries in the past 18 months from 99 different contributors.
Last update: June 2021

Sources and References
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