Property Prices in Richmond, Canada

Index Info
Price to Income Ratio: 20.44
Mortgage as Percentage of Income: 145.81%
Loan Affordability Index: 0.69
Price to Rent Ratio - City Centre: 25.92
Price to Rent Ratio - Outside of Centre: 31.81
Gross Rental Yield (City Centre): 3.86%
Gross Rental Yield (Outside of Centre): 3.14%

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Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,783.33 C$ 1,500.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,391.67 C$ 1,250.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,941.67 C$ 2,400.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,260.00 C$ 1,900.00-3,500.00
Buy Apartment Price
[ Edit ]
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
[ Edit ]
Average Monthly Net Salary (After Tax) 2,316.34 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.78 2.99-5.00

These data are based on 60 entries in the past 18 months from 12 different contributors.
Last update: November 2020

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.