Property Prices in Victoria, Canada

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Index
Price to Income Ratio:	13.23
Mortgage as Percentage of Income:	119.51%
Loan Affordability Index:	0.84
Price to Rent Ratio - City Centre:	18.48
Price to Rent Ratio - Outside of Centre:	23.00
Gross Rental Yield (City Centre):	5.41%
Gross Rental Yield (Outside of Centre):	4.35%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,168.29 C$	1,800.00-2,650.00
Apartment (1 bedroom) Outside of Centre	1,910.71 C$	1,600.00-2,499.00
Apartment (3 bedrooms) in City Centre	4,166.41 C$	3,500.00-5,500.00
Apartment (3 bedrooms) Outside of Centre	3,482.84 C$	2,800.00-4,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	836.99 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	Edit
Average Monthly Net Salary (After Tax)	3,525.52 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.62	5.50-8.61

These data are based on 194 entries in the past 18 months from 35 different contributors.
Last update: July 2024

Sources and References

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	49,000.00
GDP Growth Rate:	3.44%
Population Growth Rate:	0.73%