Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 14.57
Mortgage as Percentage of Income: 130.41%
Loan Affordability Index: 0.77
Price to Rent Ratio - City Centre: 23.33
Price to Rent Ratio - Outside of Centre: 23.59
Gross Rental Yield (City Centre): 4.29%
Gross Rental Yield (Outside of Centre): 4.24%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,123.32 C$ 1,800.00-2,600.00
Apartment (1 bedroom) Outside of Centre 1,857.50 C$ 1,600.00-2,300.00
Apartment (3 bedrooms) in City Centre 3,964.95 C$ 3,200.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 3,407.57 C$ 2,800.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,020.79 C$ 729.99-1,776.76
Price per Square Feet to Buy Apartment Outside of Centre 895.93 C$ 635.99-1,116.41
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,539.83 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.50 4.90-7.00

These data are based on 230 entries in the past 18 months from 39 different contributors.
Last update: November 2024

Sources and References
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