Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 10.69
Mortgage as Percentage of Income: 94.67%
Loan Affordability Index: 1.06
Price to Rent Ratio - City Centre: 20.06
Price to Rent Ratio - Outside of Centre: 15.95
Gross Rental Yield (City Centre): 4.99%
Gross Rental Yield (Outside of Centre): 6.27%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,150.63 C$ 1,900.00-2,600.00
Apartment (1 bedroom) Outside of Centre 1,888.54 C$ 1,675.00-2,200.00
Apartment (3 bedrooms) in City Centre 3,709.52 C$ 3,000.00-4,600.00
Apartment (3 bedrooms) Outside of Centre 3,302.23 C$ 2,800.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 857.99 C$ 729.99-999.99
Price per Square Feet to Buy Apartment Outside of Centre 602.79 C$ 480.00-1,452.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,678.67 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.38 4.45-6.90

These data are based on 223 entries from 41 contributors over the past 18 months.
Last update: 19 June 2025

Sources and References
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