Property Prices in Nanaimo, BC, Canada

Index
Price to Income Ratio:	9.36
Mortgage as Percentage of Income:	84.78%
Loan Affordability Index:	1.18
Price to Rent Ratio - City Centre:	15.95
Price to Rent Ratio - Outside of Centre:	16.64
Gross Rental Yield (City Centre):	6.27%
Gross Rental Yield (Outside of Centre):	6.01%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	1,720.00 C$	1,500.00-1,900.00
Apartment (1 bedroom) Outside of Centre	1,562.50 C$	1,350.00-1,800.00
Apartment (3 bedrooms) in City Centre	2,775.00 C$	2,500.00-3,000.00
Apartment (3 bedrooms) Outside of Centre	2,612.50 C$	2,250.00-3,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	530.00 C$
Price per Square Feet to Buy Apartment Outside of Centre	510.12 C$	500.00-520.25
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	2,990.00 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.66	5.00-6.90

These data are based on 50 entries in the past 18 months from 13 different contributors.
Last update: December 2024

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	49,000.00
GDP Growth Rate:	3.44%
Population Growth Rate:	0.73%