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Property Prices in Toronto, Canada
| Index |  |
|---|---|
| Price to Income Ratio: | 13.07 |
| Mortgage as Percentange of Income: | 93.01% |
| Loan Affordability Index: | 1.08 |
| Price to Rent Ratio - City Centre: | 23.80 |
| Price to Rent Ratio - Outside of Centre: | 24.42 |
| Gross Rental Yield (City Centre): | 4.20% |
| Gross Rental Yield (Outside of Centre): | 4.10% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,046.37 C$ | |
| Apartment (1 bedroom) Outside of Centre | 1,615.77 C$ | |
| Apartment (3 bedrooms) in City Centre | 3,496.39 C$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,606.49 C$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 964.69 C$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 762.28 C$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 3,556.82 C$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.76 |
These data are based on 660 entries in the past 12 months from 128 different contributors.
Last update: April 2019
Sources and References:
No sources and references provided yet.
No sources and references provided yet.
This page in other languages:
DeutschImmobilienpreise in Toronto
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9 Comments so far
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.
My son has house at Robbins avenue ,Upper beach ,toronto its 3 bed room semi detached house with build up area 2000 and given on rent @2800/- PM and todays listing cost is @CN$ 900000/- so Price to rent ratio is 26.78 of city center, Toronto
Unless you live in Niagara, you can't find anything below 300k in the golden horseshoe. There are some around 300k near Richmond hill and the other suburbs, but I can't assure you that they are good neighbourhoods. You could maybe find deals in other parts of Canada much nicer than Toronto like Montreal or Calgary suburbs. Other than that, you can't find here for 100k.
If you are looking for a $400000 townhome, I'd suggest looking around the suburbs like Mississauga or Oakville. Property is more expensive closer to downtown Toronto so most suburbs, except maybe Burlington or Vaughan, offer you much lower house prices. I hope I could help.