Canada House Prices, Rents & Rental Yields (2026)
How much property costs in Canada, what it rents for and how that compares with neighbouring markets in Americas. City-centre prices per m² rank 1 of 10 in this comparison; gross yields rank 9 of 10.
- Apartment price per m² (city centre)
- $7,614
- 2023
- Apartment price per m² (outside centre)
- $5,209
- 2023
- Gross rental yield (city centre)
- 3.9%
- 2024
- Price-to-income ratio
- 11
- 2024
- Rent: 1-bedroom, city centre
- $875/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 6.3%
- 2023
Price and rent trends in Canada
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $7,614 | 2023 | +3.4% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $5,209 | 2023 | -4.9% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 11 | 2024 | +17.0% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 3.9% | 2024 | +0.2 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 25.7 | 2024 | -4.8% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $875/mo | 2024 | -40.9% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $1,265/mo | 2023 | +8.4% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $2,387/mo | 2023 | +4.8% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $1,989/mo | 2023 | +3.7% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 6.3% | 2023 | +1.6 pp vs 2022 | Numbeo |
| Home ownership rateShare of owner-occupied dwellings | 66.5% | 2024 | ±0.0 pp vs 2021 | Trading Economics |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) | Home ownership rate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 11 | 3.9% | 25.7 | $875/mo | — | — | — | — | 66.5% |
| 2023 | $7,614 | $5,209 | 9.4 | 3.7% | 27 | $1,481/mo | $1,265/mo | $2,387/mo | $1,989/mo | 6.3% | — |
| 2022 | $7,366 | $5,475 | 7.5 | 4.7% | 21.2 | $1,389/mo | $1,167/mo | $2,278/mo | $1,917/mo | 4.7% | — |
| 2021 | $6,932 | $4,869 | 7.5 | 4.7% | 21.3 | $1,279/mo | $1,065/mo | $2,131/mo | $1,754/mo | 2.6% | 66.5% |
| 2020 | $5,370 | $3,413 | 8 | 4.3% | 23.3 | $1,092/mo | $872/mo | $1,732/mo | $1,380/mo | 3.0% | — |
| 2019 | $6,007 | $3,957 | 7.7 | 4.4% | 22.9 | $1,125/mo | $890/mo | $1,832/mo | $1,409/mo | 3.6% | 66.8% |
| 2018 | $5,575 | $3,888 | 6.1 | 5.4% | 18.7 | $1,072/mo | $837/mo | $1,749/mo | $1,360/mo | 3.7% | 68.5% |
| 2017 | $4,531 | $3,223 | 6.4 | 5.5% | 18.3 | $972/mo | $765/mo | $1,623/mo | $1,247/mo | 3.0% | 66.5% |
Canada compared with Americas
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Canada | $7,614 | 3.9% | 11 | 6.3% |
| United States | $5,276 | 8.1% | 4.1 | 6.9% |
| Argentina | $2,312 | 3.0% | 21.1 | 98.0% |
| Bolivia | $1,120 | 5.7% | 12.8 | 7.7% |
| Brazil | $1,778 | 4.5% | 16.5 | 10.8% |
| Chile | $2,813 | 4.3% | 17.5 | 5.3% |
| Colombia | $1,241 | 4.8% | 18.7 | 14.7% |
| Costa Rica | $1,659 | 7.0% | 9.4 | — |
| Dominican Republic | $1,450 | 7.4% | 15.5 | 14.2% |
| Ecuador | $1,214 | 6.1% | 11.3 | 10.9% |
Related
- Properties for sale in Canada (182,151)
- Mortgages in Canada for foreigners
- Canada market overview
- Tax rates in Canada
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.