Property Prices in Victoria, Canada

Index Info
Price to Income Ratio: 13.85
Mortgage as Percentage of Income: 124.86%
Loan Affordability Index: 0.8
Price to Rent Ratio - City Centre: 18.72
Price to Rent Ratio - Outside of Centre: 23.43
Gross Rental Yield (City Centre): 5.34%
Gross Rental Yield (Outside of Centre): 4.27%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,162.91 C$ 1,800.0-2,650.0
Apartment (1 bedroom) Outside of Centre 1,876.47 C$ 1,600.0-2,499.0
Apartment (3 bedrooms) in City Centre 4,064.68 C$ 3,200.0-5,000.0
Apartment (3 bedrooms) Outside of Centre 3,417.81 C$ 2,800.0-4,000.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 836.99 C$ 729.99-1,776.76
Price per Square Feet to Buy Apartment Outside of Centre 895.93 C$ 635.99-1,116.41
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,366.8 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.6 5.5-7.0

These data are based on 201 entries in the past 18 months from 33 different contributors.
Last update: October 2024

Sources and References
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