Gross rental yields in Canada: Montréal and 5 other cities
The average gross rental yield in Canada stands at 5.46% (Q1, 2025). Previously, in Q2 2024 the rental yield was 5.10%.
Cities and areas compared
- Montréal
- Toronto
- Vancouver
- Ottawa
- Hamilton
- Calgary
Historical rental yields in Canada
View the full rental yield dataset (2023 - Present)
| Last Updated: Jan. 07, 2025 Next Update: Jul. 2025 |
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| MONTREAL - QUEBEC - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Mercier-Hochelaga-Maisonneuve | |||
| 1-Bedroom | $252,067 | $1,148 | 5.47% |
| 2-Bedroom | $306,042 | $1,278 | 5.01% |
| 3-Bedroom | $464,276 | $1,565 | 4.05% |
| Côte-des-Neiges–Notre-Dame-de-Grâce | |||
| 1-Bedroom | $271,264 | $1,196 | 5.29% |
| 2-Bedroom | $347,079 | $1,596 | 5.52% |
| 3-Bedroom | $520,966 | $1,878 | 4.33% |
| Le Sud-Ouest | |||
| 1-Bedroom | $288,653 | $1,278 | 5.31% |
| 2-Bedroom | $464,975 | $1,738 | 4.49% |
| 3-Bedroom | $729,631 | $1,948 | 3.20% |
| Verdun | |||
| 1-Bedroom | $337,341 | $1,401 | 4.98% |
| 2-Bedroom | $455,237 | $1,773 | 4.67% |
| 3-Bedroom | $589,833 | $1,982 | 4.03% |
| Rosemont–La Petite-Patrie | |||
| 1-Bedroom | $274,394 | $1,210 | 5.29% |
| 2-Bedroom | $354,382 | $1,530 | 5.18% |
| 3-Bedroom | $587,044 | $1,738 | 3.55% |
| Ahuntsic-Cartierville | |||
| 1-Bedroom | $228,835 | $1,060 | 5.56% |
| 2-Bedroom | $417,260 | $1,269 | 3.65% |
| Montréal-Quebec (all Locations) | |||
| 1-Bedroom | $295,608 | $1,286 | 5.22% |
| 2-Bedroom | $406,896 | $1,704 | 5.03% |
| 3-Bedroom | $555,744 | $1,912 | 4.13% |
| 4+Bedroom | $778,320 | $2,225 | 3.43% |
| Montréal-Quebec avg. Rental Yields | 4.45% | ||
| TORONTO - ONTARIO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Etobicoke | |||
| 1-Bedroom | $373,543 | $1,669 | 5.36% |
| 2-Bedroom | $457,131 | $1,947 | 5.11% |
| 3-Bedroom | $575,055 | $2,400 | 5.01% |
| Scarborough | |||
| 1-Bedroom | $329,495 | $1,600 | 5.83% |
| 2-Bedroom | $381,451 | $1,808 | 5.69% |
| 3-Bedroom | $450,194 | $2,086 | 5.56% |
| North York | |||
| 1-Bedroom | $364,179 | $1,670 | 5.50% |
| 2-Bedroom | $443,257 | $1,948 | 5.27% |
| 3-Bedroom | $554,107 | $2,365 | 5.12% |
| York | |||
| 2-Bedroom | $453,593 | $1,808 | 4.78% |
| 3-Bedroom | $609,739 | $1,965 | 3.87% |
| Downtown | |||
| 1-Bedroom | $433,546 | $1,704 | 4.72% |
| 2-Bedroom | $554,107 | $2,052 | 4.44% |
| 3-Bedroom | $737,596 | $2,747 | 4.47% |
| Entertainment District | |||
| 1-Bedroom | $412,736 | $1,635 | 4.75% |
| 2-Bedroom | $513,284 | $2,156 | 5.04% |
| 3-Bedroom | $804,661 | $2,782 | 4.15% |
| Toronto - Ontario (all locations) | |||
| 1-Bedroom | $382,940 | $1,721 | 5.39% |
| 2-Bedroom | $413,950 | $2,017 | 5.85% |
| 3-Bedroom | $558,904 | $2,573 | 5.52% |
| 4+Bedroom | $609,739 | $3,269 | 6.43% |
| Toronto - Ontario avg. Rental Yields | 5.80% | ||
| VANCOUVER - BRITISH COLUMBIA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Vancouver-British Columbia (all locations) | |||
| 1-Bedroom | $450,888 | $1,808 | 4.81% |
| 2-Bedroom | $877,349 | $2,744 | 4.35% |
| 3-Bedroom | $1,206,923 | $3,060 | 3.04% |
| Vancouver-British Columbia avg. Rental Yields | 4.07% | ||
| HAMILTON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hamilton (all locations) | |||
| 1-Bedroom | $294,811 | $1,356 | 5.52% |
| 2-Bedroom | $380,827 | $1,669 | 5.26% |
| 3-Bedroom | $412,666 | $1,948 | 5.66% |
| Hamilton avg. Rental Yields | 5.48% | ||
| OTTAWA - ONTARIO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Ottawa - Ontario (all locations) | |||
| 1-Bedroom | $265,560 | $1,178 | 5.32% |
| 2-Bedroom | $276,776 | $1,384 | 6.00% |
| 3-Bedroom | $308,333 | $1,732 | 6.74% |
| Ottawa - Ontario avg. Rental Yields | 6.02% | ||
| CALGARY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Calgary (all locations) | |||
| 1-Bedroom | $205,987 | $1,114 | 6.49% |
| 2-Bedroom | $263,527 | $1,396 | 6.36% |
| 3-Bedroom | $339,899 | $2,275 | 8.03% |
| Calgary avg. Rental Yields | 6.96% | ||
| 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, Realtor.ca, Point2Homes.com and Centris.ca |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in Canada, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.