Property Prices in Toronto, Canada

Index Info
Price to Income Ratio: 8.75
Mortgage as Percentange of Income: 57.10%
Loan Affordability Index: 1.75
Price to Rent Ratio - City Centre: 19.82
Price to Rent Ratio - Outside of Centre: 21.20
Gross Rental Yield (City Centre): 5.05%
Gross Rental Yield (Outside of Centre): 4.72%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 1,549.82 C$ 1,200.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,148.00 C$ 910.00-1,400.00
Apartment (3 bedrooms) in City Centre 2,708.06 C$ 2,200.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,888.64 C$ 1,600.00-2,200.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 614.42 C$ 500.00-749.99
Price per Square Feet to Buy Apartment Outside of Centre 474.28 C$ 400.00-557.00
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 3,348.54 C$
Mortgage Interest Rate in Percentages (%), Yearly 2.78 2.45-3.25

These data are based on 772 entries in the past 12 months from 180 different contributors.
Last update: October, 2016

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7 Comments so far

#Richard on Feb 16, 2016 :
Hi, can I rent a 3 bed for $2000 per month. I have 2&4 year olds, don't want to be in the centre of Toronto but near parks, outdoor stuff, don't mind anywhere in GTA.
#anonymous on Nov 11, 2015 :
@jai prakash

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.
#anonymous on Nov 11, 2015 :

If you are looking for a $400000 townhome, I'd suggest looking around the suburbs like Mississauga or Oakville. Property is more expensive closer to downtown Toronto so most suburbs, except maybe Burlington or Vaughan, offer you much lower house prices. I hope I could help.
#chanchal tripathi on Jun 04, 2015 :
Hi i want to buy a shop near by toranto with an area of 2000sq feet .please cofirm me the price of coresponding .
#amir on Jun 10, 2014 :
hi,can i buy a town house with 3 bed room in a normal place in toronto with 400000 c$
#W on Feb 10, 2014 :
You can't buy property under $200k in Toronto
#jai prakash on Nov 24, 2013 :
i want to buy a property at Toronto my budget is CAD 100000 I am an Indian citizen.