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Property Prices in Toronto, Canada
| Index |  |
|---|---|
| Price to Income Ratio: | 13.03 |
| Mortgage as Percentange of Income: | 90.16% |
| Loan Affordability Index: | 1.11 |
| Price to Rent Ratio - City Centre: | 24.00 |
| Price to Rent Ratio - Outside of Centre: | 24.73 |
| Gross Rental Yield (City Centre): | 4.17% |
| Gross Rental Yield (Outside of Centre): | 4.04% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,868.12 C$ | |
| Apartment (1 bedroom) Outside of Centre | 1,460.74 C$ | |
| Apartment (3 bedrooms) in City Centre | 3,265.31 C$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,292.74 C$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 897.13 C$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 689.98 C$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 3,278.66 C$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.44 |
These data are based on 1009 entries in the past 12 months from 245 different contributors.
Last update: October 2018
Sources and References:
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8 Comments so far
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.