Property Prices in Halifax, Canada

Index Info
Price to Income Ratio: 8.72
Mortgage as Percentage of Income: 77.99%
Loan Affordability Index: 1.28
Price to Rent Ratio - City Centre: 21.78
Price to Rent Ratio - Outside of Centre: 10.32
Gross Rental Yield (City Centre): 4.59%
Gross Rental Yield (Outside of Centre): 9.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,038.03 C$ 1,800.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,667.20 C$ 1,400.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,354.55 C$ 2,900.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,719.13 C$ 2,400.00-3,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 865.28 C$ 786.99-943.56
Price per Square Feet to Buy Apartment Outside of Centre 333.87 C$ 130.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,698.69 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.49 5.00-6.90

These data are based on 230 entries in the past 18 months from 50 different contributors.
Last update: December 2024

Sources and References
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