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Canada: House Prices, Rents, and Rental Yields

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Last Updated: Nov 15, 2007

Yields in Montreal and Toronto moderate to good

Last Updated: Nov. 15, 2007
TORONTO1 - Condo COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 248,600 1,216 5.87% 4,972 24.32
80 sq. m. 368,400 1,979 6.45% 4,605 24.74
120 sq. m. 568,440 3,192 6.74% 4,737 26.60
150+ sq. m. 959,850 n.a. n.a. 6,399 n.a.
MONTREAL2 - Apartments  
50 sq. m. 183,500 1,127 7.37% 3,670 22.53
90 sq. m. 329,220 1,927 7.02% 3,658 21.41
120 sq. m. 453,480 2,566 6.79% 3,779 21.38
150 sq. m. 579,300 3,270 6.77% 3,862 21.80
180 sq. m. 849,420 4,273 6.04% 4,719 23.74
195+ sq. m. 1,018,290 - - 5,222 -
1 Annex, Forest Hill, Harbourfront, Rosedale, Yorkville
2 Le Plateau-Mont-Royal, Outremont, Verdun, Ville-Marie and Westmount
Source: Global Property Guide

Condominiums in Toronto have yields of around 6.4%. Larger units have higher yields, reaching up to 6.74%. These units are expensive, selling for an average of US$5,178 per sq. m.

Montreal apartments are less expensive at around US$4,152 per sq. m. This makes yields slightly higher at 6.8% on the average. Yields are higher for smaller apartments. 50-sq. m. apartments have yields of around 7.37%.

 

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