Property Prices in London, Canada

Index Info
Price to Income Ratio: 5.70
Mortgage as Percentage of Income: 51.48%
Loan Affordability Index: 1.94
Price to Rent Ratio - City Centre: 11.02
Price to Rent Ratio - Outside of Centre: 11.13
Gross Rental Yield (City Centre): 9.08%
Gross Rental Yield (Outside of Centre): 8.99%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,002.53 C$ 1,500.00-3,176.38
Apartment (1 bedroom) Outside of Centre 1,741.79 C$ 1,300.00-2,999.91
Apartment (3 bedrooms) in City Centre 3,206.71 C$ 2,500.00-5,293.96
Apartment (3 bedrooms) Outside of Centre 2,556.29 C$ 2,000.00-4,058.70
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 425.03 C$ 311.22-603.86
Price per Square Feet to Buy Apartment Outside of Centre 360.20 C$ 339.84-492.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,708.32 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.62 5.37-6.90

These data are based on 137 entries in the past 18 months from 33 different contributors.
Last update: January 2025

Sources and References
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