Property Prices in Sarnia, Canada

Index Info
Price to Income Ratio: 7.51
Mortgage as Percentage of Income: 55.92%
Loan Affordability Index: 1.79
Price to Rent Ratio - City Centre: 15.34
Price to Rent Ratio - Outside of Centre: 17.89
Gross Rental Yield (City Centre): 6.52%
Gross Rental Yield (Outside of Centre): 5.59%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,092.86 C$ 950.00-1,300.00
Apartment (1 bedroom) Outside of Centre 940.83 C$ 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,133.33 C$ 1,500.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,820.00 C$ 1,100.00-4,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 352.66 C$ 258.00-500.00
Price per Square Feet to Buy Apartment Outside of Centre 352.66 C$ 258.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,526.00 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.27 3.00-6.50

These data are based on 64 entries in the past 18 months from 12 different contributors.
Last update: June 2021

Sources and References
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