Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 18.86
Mortgage as Percentage of Income: 172.13%
Loan Affordability Index: 0.58
Price to Rent Ratio - City Centre: 27.35
Price to Rent Ratio - Outside of Centre: 26.59
Gross Rental Yield (City Centre): 3.66%
Gross Rental Yield (Outside of Centre): 3.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,149.00 C$ 1,800.00-2,880.00
Apartment (1 bedroom) Outside of Centre 1,871.82 C$ 1,540.00-2,500.00
Apartment (3 bedrooms) in City Centre 4,404.29 C$ 3,500.00-5,500.00
Apartment (3 bedrooms) Outside of Centre 3,690.94 C$ 3,000.00-4,250.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,265.79 C$ 899.99-1,776.76
Price per Square Feet to Buy Apartment Outside of Centre 1,052.04 C$ 929.02-1,207.73
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,306.82 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.75 5.50-8.89

These data are based on 177 entries in the past 18 months from 40 different contributors.
Last update: February 2024

Sources and References
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