Property Prices in Nanaimo, BC, Canada

Index Info
Price to Income Ratio: 6.65
Mortgage as Percentage of Income: 58.80%
Loan Affordability Index: 1.70
Price to Rent Ratio - City Centre: 13.93
Price to Rent Ratio - Outside of Centre: 16.00
Gross Rental Yield (City Centre): 7.18%
Gross Rental Yield (Outside of Centre): 6.25%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,610.00 C$ 1,400.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,485.83 C$ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,758.33 C$ 2,300.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,580.77 C$ 2,000.00-3,200.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 444.64 C$ 376.88-904.26
Price per Square Feet to Buy Apartment Outside of Centre 474.28 C$ 376.88-877.62
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,716.67 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.34 3.50-8.75

These data are based on 111 entries in the past 18 months from 22 different contributors.
Last update: June 2023

Sources and References
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