House price to rent ratio in Canada 2015-2023, per quarter
The house price to rent ratio in Canada decreased in 2023, after peaking in 2022. In the fourth quarter of 2023, the index amounted to 140.9 index points, down from 159.6 index points in the second quarter of 2022, when the highest value was recorded. The index tracks the development of house prices relative to rents, with 2015 chosen as a base year with an index value of 2015. This ratio was calculated by dividing median house prices by median annual rents. A ratio of 140 percent means that the gap between median house prices and median annual rents widened by 40 percent since 2015.
