Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 7.84
Mortgage as Percentage of Income: 53.50%
Loan Affordability Index: 1.87
Price to Rent Ratio - City Centre: 21.64
Price to Rent Ratio - Outside of Centre: 15.37
Gross Rental Yield (City Centre): 4.62%
Gross Rental Yield (Outside of Centre): 6.51%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,663.17 C$ 1,300.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,364.43 C$ 1,100.00-1,700.00
Apartment (3 bedrooms) in City Centre 2,935.77 C$ 2,500.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,350.00 C$ 2,000.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 723.13 C$ 500.00-1,249.99
Price per Square Feet to Buy Apartment Outside of Centre 416.75 C$ 300.00-600.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,910.75 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.27 2.13-4.00

These data are based on 299 entries in the past 18 months from 53 different contributors.
Last update: June 2021

Sources and References
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