Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 12.32
Mortgage as Percentage of Income: 110.22%
Loan Affordability Index: 0.91
Price to Rent Ratio - City Centre: 20.38
Price to Rent Ratio - Outside of Centre: 21.04
Gross Rental Yield (City Centre): 4.91%
Gross Rental Yield (Outside of Centre): 4.75%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,112.19 C$ 1,800.00-2,600.00
Apartment (1 bedroom) Outside of Centre 1,856.82 C$ 1,600.00-2,200.00
Apartment (3 bedrooms) in City Centre 3,774.95 C$ 3,000.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 3,348.92 C$ 2,800.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 869.59 C$ 729.99-1,776.76
Price per Square Feet to Buy Apartment Outside of Centre 792.65 C$ 500.00-1,116.41
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,632.03 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.50 4.90-7.00

These data are based on 225 entries in the past 18 months from 38 different contributors.
Last update: February 2025

Sources and References
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