Property Prices in Red Deer, Canada

Index Info
Price to Income Ratio: 6.58
Mortgage as Percentage of Income: 45.24%
Loan Affordability Index: 2.21
Price to Rent Ratio - City Centre: 30.76
Price to Rent Ratio - Outside of Centre: 29.96
Gross Rental Yield (City Centre): 3.25%
Gross Rental Yield (Outside of Centre): 3.34%
Rent Per Month
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Apartment (1 bedroom) in City Centre 882.44 C$ 800.00-1,200.00
Apartment (1 bedroom) Outside of Centre 812.50 C$ 700.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,307.14 C$ 1,100.00-1,500.00
Apartment (3 bedrooms) Outside of Centre 1,306.25 C$ 950.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 506.28 C$ 250.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 469.67 C$ 200.00-999.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,991.34 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.36 2.33-3.95

These data are based on 91 entries in the past 18 months from 20 different contributors.
Last update: April 2021

Sources and References
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