Property Prices in Richmond Hill, Canada

Index Info
Price to Income Ratio: 9.64
Mortgage as Percentage of Income: 67.55%
Loan Affordability Index: 1.48
Price to Rent Ratio - City Centre: 22.81
Price to Rent Ratio - Outside of Centre: 20.05
Gross Rental Yield (City Centre): 4.38%
Gross Rental Yield (Outside of Centre): 4.99%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,806.25 C$ 1,400.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,568.75 C$ 1,400.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,816.67 C$ 1,800.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 2,666.67 C$ 2,500.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 784.72 C$ 325.16-1,099.99
Price per Square Feet to Buy Apartment Outside of Centre 621.61 C$ 278.71-836.12
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,925.00 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.57 2.25-3.95

These data are based on 60 entries in the past 18 months from 11 different contributors.
Last update: July 2021

Sources and References
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