Property Prices in Toronto, Canada

Index Info
Price to Income Ratio: 11.14
Mortgage as Percentage of Income: 71.09%
Loan Affordability Index: 1.41
Price to Rent Ratio - City Centre: 27.03
Price to Rent Ratio - Outside of Centre: 26.08
Gross Rental Yield (City Centre): 3.70%
Gross Rental Yield (Outside of Centre): 3.83%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,958.42 C$ 1,650.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,682.87 C$ 1,400.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,428.97 C$ 2,800.00-4,800.00
Apartment (3 bedrooms) Outside of Centre 2,603.05 C$ 2,000.00-3,500.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,059.84 C$ 849.99-1,349.99
Price per Square Feet to Buy Apartment Outside of Centre 833.29 C$ 624.99-1,113.53
Salaries And Financing
Average Monthly Net Salary (After Tax) 4,571.11 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.53 1.74-3.30

These data are based on 696 entries in the past 18 months from 121 different contributors.
Last update: June 2021

Sources and References
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6 Comments so far
Anonymous on Sep 20, 2020:
Horrible place to live!!!! Houses that not even 20 years ago were evaluated at 300000 are going for over a million dollars now. Biding wars and foreign money laundering are turning this city into a once nice and safe place into a total dumpster fire with ramped homelessness and stagnant low wages and growing violence and horrible living conditions that would make any 3 rd world country look first world ! You have been worned
Anonymoose on Jun 21, 2019:
Price to Income Ratio: 13.90
Mortgage as Percentange of Income: 98.89%

How can that even be on the green?

Toronto one of the least affordable cities to live. It should be in red, specially because the net income here is a big fat lie.
Reality Winner II on Jan 04, 2019:
@ Icedream, scratch Toronto, Ottawa, Montreal, Quebec from your list, you will never find anything for that price. Check Moonbeam Ontario, that is more within that range. Houses in Toronto are between 800,000 to millions of dollars, for a dump in the cold. The benefit? You get to brag that you have a house in Canada. That's it.
Toronto is overpriced, it does not have any world class education, entertainment, or shopping, and the prices are over-inflated by double-representing real estate agents (the same agent represents buyers and sellers, and they force both to inflate prices. Totally legal).
Rent takes over half your income, and if you lose your job there are few to none social security networks. You will be on the streets at -20C.
Dr. Sneha Joglekar on Aug 20, 2018:
We are in search of a property that is open land for community Center for senior citizen in and around Toronto on lease or outright purchase in which small villa for accommodation and self content log house / studio apartment only ground floor min 5 nos can be installed and maximum upto 10 log houses or studio apartments in near future. Also community Center / recreation hall of around 1200/1500 sqft is to be installed along with place for kitchen and dining facility. Property needs proper road approach with possibility of public transport. location preferred is near by suburbs like Mississauga.
Anonymous on Jan 05, 2018:
Where are you getting your Price per Meter Data? has a realtime Condo apartment index and these numbers are subsantially higher?
Icedream on Jun 08, 2017:
I would like to buy a three-room house in one of the suburbs of either Montreal, Quebec, Toronto, Ottawa or Winnipeg whose prices should vary between $ 100,000 and $ 120000, if possible. My last concern is what are the benefits of buying a home in Canada? Will I be able to have permanent residence?