Property Prices in Iqaluit, NU, Canada

Index Info
Price to Income Ratio: 8.04
Mortgage as Percentage of Income: 81.33%
Loan Affordability Index: 1.23
Price to Rent Ratio - City Centre: 27.70
Price to Rent Ratio - Outside of Centre: 17.49
Gross Rental Yield (City Centre): 3.61%
Gross Rental Yield (Outside of Centre): 5.72%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 2,302.89 C$ 1,805.77-2,800.00
Apartment (1 bedroom) Outside of Centre 2,229.80 C$ 2,161.93-2,297.67
Apartment (3 bedrooms) in City Centre 4,200.00 C$
Apartment (3 bedrooms) Outside of Centre 5,574.50 C$ 5,404.82-5,744.17
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,300.63 C$
Price per Square Feet to Buy Apartment Outside of Centre 929.02 C$
Salaries And Financing
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Average Monthly Net Salary (After Tax) 7,460.00 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.10 6.80-8.75

These data are based on 13 entries in the past 18 months from 3 different contributors.
Last update: November 2024

Sources and References
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