Quarterly house price to rent ratio in Canada 2015-2019

In the third quarter of 2019, the house price to rent ratio in Canada amounted to 122.2 percent. The index equaled 100 in 2015. This ratio was calculated by dividing median house prices by median annual rents. Between 2015 and 2017, the house price to rent ratio increased gradually, but it has been stable since then. This means that the gap between median house prices and median annual rents hasn’t widened significantly since late-2017.

Most expensive Canadian city for housing

The most expensive Canadian city for rent has consistently been Vancouver, British Columbia and rents in the region show no signs of falling. British Columbia also has the highest house prices among all the provinces. The drop in house prices in BC and across Canada as a whole has an impact on the house price to rent ratio, especially since rents are on an upward trajectory.

House price to rent ratio in Canada from 1st quarter 2015 to 3rd quarter 2019

House price to income ratio
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Sources

Release date

November 2019

Region

Canada

Survey time period

Q2 2015 to Q3 2019

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Statistics on "Residential housing in Canada"

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