The average gross rental yield in Canada stands at 5.10% (2024, Q2). Previously, in Q3, 2023 the average gross rental yield stood at 4.83%.

• Montréal
• Toronto
• Vancouver
• Ottawa
• Hamilton
• Calgary

		Last Updated: May. 03, 2024
MONTREAL - QUEBEC - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Mercier-Hochelaga-Maisonneuve
2-Bedroom	$306,622	$1,391	5.44%
3-Bedroom	$365,166	$1,683	5.53%
Côte-des-Neiges–Notre-Dame-de-Grâce
1-Bedroom	$285,400	$1,127	4.74%
2-Bedroom	$365,824	$1,683	5.52%
3-Bedroom	$526,161	$2,086	4.76%
4+Bedroom	$728,136	$2,525	4.16%
Le Sud-Ouest
1-Bedroom	$291,986	$1,317	5.41%
2-Bedroom	$512,257	$1,829	4.28%
3-Bedroom	$768,385	$2,122	3.31%
Villeray–Saint-Michel–Parc-Extension
1-Bedroom	$267,105	$1,244	5.59%
2-Bedroom	$318,330	$1,478	5.57%
Rosemont–La Petite-Patrie
1-Bedroom	$291,986	$1,275	5.24%
2-Bedroom	$384,192	$1,500	4.69%
Ahuntsic-Cartierville
1-Bedroom	$262,714	$1,098	5.02%
2-Bedroom	$311,012	$1,405	5.42%
All Locations (Island)
1-Bedroom	$314,870	$1,355	5.16%
2-Bedroom	$457,659	$1,827	4.79%
3-Bedroom	$614,362	$2,124	4.15%
4+Bedroom	$864,061	$2,819	3.92%
Montréal-Quebec avg. Rental Yields			4.50%
TORONTO - ONTARIO - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Etobicoke
1-Bedroom	$427,471	$1,754	4.92%
2-Bedroom	$493,320	$2,120	5.16%
3-Bedroom	$510,860	$2,558	6.01%
4+Bedroom	$876,283	$4,312	5.90%
Scarborough
1-Bedroom	$292,337	$1,681	6.90%
2-Bedroom	$473,963	$1,900	4.81%
3-Bedroom	$512,056	$2,666	6.25%
4+Bedroom	$585,897	$3,516	7.20%
North York
1-Bedroom	$401,964	$1,754	5.24%
2-Bedroom	$511,445	$2,046	4.80%
3-Bedroom	$584,602	$2,339	4.80%
4+Bedroom	$949,367	$2,506	3.17%
York
1-Bedroom	$347,151	$1,389	4.80%
2-Bedroom	$540,679	$1,791	3.98%
3-Bedroom	$585,311	$2,010	4.12%
Downtown
1-Bedroom	$453,124	$1,754	4.65%
2-Bedroom	$583,945	$2,083	4.28%
3-Bedroom	$730,844	$2,887	4.74%
4+Bedroom	$1,023,109	$3,454	4.05%
Entertainment District
1-Bedroom	$438,500	$1,754	4.80%
2-Bedroom	$515,245	$2,192	5.11%
3-Bedroom	$839,732	$2,923	4.18%
East York
1-Bedroom	$291,607	$1,607	6.61%
2-Bedroom	$627,649	$1,900	3.63%
3-Bedroom	$1,280,732	$3,289	3.08%
Toronto - Ontario avg. Rental Yields			4.93%
VANCOUVER - BRITISH COLUMBIA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Vancouver-British Columbia (all locations)
1-Bedroom	$511,524	$1,943	4.56%
2-Bedroom	$877,349	$2,744	3.75%
3-Bedroom	$1,302,595	$4,683	4.31%
Vancouver-British Columbia avg. Rental Yields			4.21%
HAMILTON - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Hamilton (all locations)
1-Bedroom	$351,188	$1,445	4.94%
2-Bedroom	$420,709	$1,683	4.80%
3-Bedroom	$475,594	$2,003	5.05%
Hamilton avg. Rental Yields			4.93%
OTTAWA - ONTARIO - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Ottawa - Ontario (all locations)
1-Bedroom	$318,257	$1,427	5.38%
2-Bedroom	$332,966	$1,610	5.80%
3-Bedroom	$329,234	$1,647	6.00%
Ottawa - Ontario avg. Rental Yields			5.73%
CALGARY - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Calgary (all locations)
1-Bedroom	$225,681	$1,205	6.41%
2-Bedroom	$291,294	$1,496	6.16%
Calgary avg. Rental Yields			6.29%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Canada´s Historic Rental Yield Data

• Navigatable historical rental yield data.

Rental returns on apartments in Toronto tend to outpace those in Montreal. Montreal yields between 2.15% to 5.29% with an average of 4.17%, where as in Toronto the yields fall between 2.77% and 7.64% with an average of 4.49%. In this low-return era, in a low-risk country such as Canada, that is a really acceptable yield.

In Vancouver, gross rental yields are lower, at between 2.96%% to 3.71%. Taking account of the fact that we give gross figures - a guess might be that net yields would be around 2% or lower.

Hamilton produces yields between 3.94% to 4.98%. Ottawa yields are the strongest with 4.57% to 5.63%. Calgary yields are between 2.93% and 6.11%, with an average of 4.92%.

Transactions costs in Canada are usually reasonable. The Canadian property market is cooling.