Property Prices in Richmond Hill, Canada

Index Info
Price to Income Ratio: 11.96
Mortgage as Percentage of Income: 82.75%
Loan Affordability Index: 1.21
Price to Rent Ratio - City Centre: 30.02
Price to Rent Ratio - Outside of Centre: 25.77
Gross Rental Yield (City Centre): 3.33%
Gross Rental Yield (Outside of Centre): 3.88%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,781.25 C$ 1,400.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,578.57 C$ 1,400.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,750.00 C$ 1,800.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 2,600.00 C$ 2,400.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,014.51 C$ 929.02-1,099.99
Price per Square Feet to Buy Apartment Outside of Centre 793.06 C$ 749.99-836.12
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,066.67 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.43 2.25-3.95

These data are based on 54 entries in the past 18 months from 11 different contributors.
Last update: April 2021

Sources and References
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