Property Prices in Richmond, Canada

Index
Price to Income Ratio:	15.22
Mortgage as Percentage of Income:	133.87%
Loan Affordability Index:	0.75
Price to Rent Ratio - City Centre:	28.32
Price to Rent Ratio - Outside of Centre:	26.80
Gross Rental Yield (City Centre):	3.53%
Gross Rental Yield (Outside of Centre):	3.73%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,300.00 C$	1,800.00-2,800.00
Apartment (1 bedroom) Outside of Centre	1,875.00 C$	1,700.00-2,200.00
Apartment (3 bedrooms) in City Centre	3,975.00 C$	2,900.00-4,500.00
Apartment (3 bedrooms) Outside of Centre	3,400.00 C$	3,100.00-3,800.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,296.76 C$	1,199.99-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre	1,021.92 C$
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	4,098.33 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.28	5.00-6.90

These data are based on 49 entries in the past 18 months from 12 different contributors.
Last update: December 2024

Sources and References

Nearby cities:

Property Prices in Vancouver	9.65 miles
Property Prices in New Westminster	13.31 miles
Property Prices in Burnaby	13.42 miles
Property Prices in Delta, BC	14.46 miles
Property Prices in North Vancouver	18.48 miles
Property Prices in Surrey	20.53 miles
Property Prices in Port Coquitlam, BC	22.12 miles
Property Prices in White Rock, BC	22.56 miles
Property Prices in Coquitlam	22.62 miles
Property Prices in Langley, BC	27.63 miles

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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%