Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 14.05
Mortgage as Percentage of Income: 124.85%
Loan Affordability Index: 0.80
Price to Rent Ratio - City Centre: 26.18
Price to Rent Ratio - Outside of Centre: 27.25
Gross Rental Yield (City Centre): 3.82%
Gross Rental Yield (Outside of Centre): 3.67%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,145.06 C$ 1,800.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,760.95 C$ 1,500.00-2,200.00
Apartment (3 bedrooms) in City Centre 3,911.76 C$ 3,200.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 3,188.93 C$ 2,500.00-3,995.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,145.11 C$ 799.99-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 975.27 C$ 749.99-1,161.28
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,060.70 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.41 2.20-8.75

These data are based on 301 entries in the past 18 months from 60 different contributors.
Last update: June 2023

Sources and References
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