Property Prices in Montreal, Canada

Index Info
Price to Income Ratio: 8.54
Mortgage as Percentage of Income: 69.69%
Loan Affordability Index: 1.43
Price to Rent Ratio - City Centre: 26.87
Price to Rent Ratio - Outside of Centre: 20.16
Gross Rental Yield (City Centre): 3.72%
Gross Rental Yield (Outside of Centre): 4.96%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,452.80 C$ 1,200.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,110.78 C$ 900.00-1,400.00
Apartment (3 bedrooms) in City Centre 2,519.67 C$ 2,000.00-3,100.00
Apartment (3 bedrooms) Outside of Centre 1,873.33 C$ 1,500.00-2,400.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 778.15 C$ 557.41-999.99
Price per Square Feet to Buy Apartment Outside of Centre 441.12 C$ 350.00-624.99
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,843.04 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.36 3.00-8.75

These data are based on 462 entries in the past 18 months from 77 different contributors.
Last update: March 2023

Sources and References
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