NUMBEO

Property Prices in Toronto, Canada

Index Info
Price to Income Ratio: 14.07
Mortgage as Percentange of Income: 98.30%
Loan Affordability Index: 1.02
Price to Rent Ratio - City Centre: 23.75
Price to Rent Ratio - Outside of Centre: 24.97
Gross Rental Yield (City Centre): 4.21%
Gross Rental Yield (Outside of Centre): 4.00%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 2,125.43 C$ 1,800.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,718.71 C$ 1,400.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,549.48 C$ 2,700.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,536.08 C$ 1,950.00-3,200.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 990.01 C$ 836.12-1,114.83
Price per Square Feet to Buy Apartment Outside of Centre 799.40 C$ 600.00-938.31
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 3,422.67 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.54 3.00-4.60

These data are based on 678 entries in the past 12 months from 140 different contributors.
Last update: September 2019

Sources and References: Info
No sources and references provided yet.
Add new source here:
URL:
Description:
Sign up for our newsletter:
Your email address:
This page in other languages:

DeutschImmobilienpreise in Toronto
PortuguêsPreços de Imóveis em Toronto
ItalianoPrezzi delle proprietà immobiliari a Toronto
FrançaisPrix de l'immobilier à Toronto
EspañolPrecios de Inmuebles en Toronto

Leave a comment:
Your name: Sign In
Your email address (optional):
Your comment (no HTML):

9 Comments so far

#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?

https://www.blogto.com/city/2018/01/toronto-ranked-one-least-affordable-cities-world/

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? Condos.ca 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?
#BALMUKUND BHATT on Apr 02, 2017 :
Hi,

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
#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 :
@amir

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.