Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 7.89
Mortgage as Percentage of Income: 53.71%
Loan Affordability Index: 1.86
Price to Rent Ratio - City Centre: 21.06
Price to Rent Ratio - Outside of Centre: 15.65
Gross Rental Yield (City Centre): 4.75%
Gross Rental Yield (Outside of Centre): 6.39%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,618.17 C$ 1,300.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,347.33 C$ 1,100.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,893.70 C$ 2,400.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,326.79 C$ 2,000.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 688.69 C$ 500.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 419.58 C$ 278.71-600.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,781.19 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.26 2.13-4.00

These data are based on 301 entries in the past 18 months from 46 different contributors.
Last update: February 2021

Sources and References
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