Property Prices in Richmond, Canada

Index Info
Price to Income Ratio: 19.49
Mortgage as Percentage of Income: 139.03%
Loan Affordability Index: 0.72
Price to Rent Ratio - City Centre: 25.22
Price to Rent Ratio - Outside of Centre: 31.19
Gross Rental Yield (City Centre): 3.96%
Gross Rental Yield (Outside of Centre): 3.21%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,839.29 C$ 1,600.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,421.43 C$ 1,250.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,008.33 C$ 2,550.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,300.00 C$ 1,900.00-2,500.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 901.69 C$ 561.97-1,114.83
Price per Square Feet to Buy Apartment Outside of Centre 857.73 C$ 743.22-929.99
Salaries And Financing
Average Monthly Net Salary (After Tax) 2,429.34 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.78 2.99-5.00

These data are based on 66 entries in the past 18 months from 13 different contributors.
Last update: July 2021

Sources and References
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1 Comments so far
Anonymous on Oct 02, 2020:
First time living in Richmond and according to many people, most condo buildings have silverfish.