Property Prices in Red Deer, Canada

Index Info
Price to Income Ratio: 2.35
Mortgage as Percentage of Income: 21.26%
Loan Affordability Index: 4.70
Price to Rent Ratio - City Centre: 8.17
Price to Rent Ratio - Outside of Centre: 8.53
Gross Rental Yield (City Centre): 12.25%
Gross Rental Yield (Outside of Centre): 11.73%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,223.75 C$ 895.00-1,500.00
Apartment (1 bedroom) Outside of Centre 1,281.67 C$ 1,095.00-1,500.00
Apartment (3 bedrooms) in City Centre 1,585.00 C$ 1,250.00-1,900.00
Apartment (3 bedrooms) Outside of Centre 1,525.00 C$ 1,000.00-2,400.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 177.00 C$ 120.00-234.00
Price per Square Feet to Buy Apartment Outside of Centre 187.71 C$ 110.00-265.42
Salaries And Financing
Average Monthly Net Salary (After Tax) 4,177.54 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.64 2.99-8.75

These data are based on 36 entries in the past 18 months from 11 different contributors.
Last update: June 2023

Sources and References
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