Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 7.55
Mortgage as Percentage of Income: 52.04%
Loan Affordability Index: 1.92
Price to Rent Ratio - City Centre: 19.46
Price to Rent Ratio - Outside of Centre: 15.05
Gross Rental Yield (City Centre): 5.14%
Gross Rental Yield (Outside of Centre): 6.64%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,625.80 C$ 1,300.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,350.96 C$ 1,000.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,873.21 C$ 2,400.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,331.03 C$ 2,000.00-2,800.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 636.00 C$ 500.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 404.53 C$ 300.00-600.00
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 3,707.51 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.39 2.20-4.48

These data are based on 297 entries in the past 18 months from 44 different contributors.
Last update: November 2020

Sources and References
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