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Best Cities To Buy Rental Property Ca

Best places to buy Rental Property in the Canada

Best places to buy
Rental Property in the Canada

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Last updated on: 1st May, 2024

Canada
80% of Canadians responded that they only looked into one city before buying their first rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

We have gathered up all the important real estate market indicators for you, so you don’t have to spend hours.

Our Methodologies …Read More

Appreciation Factors

We assume that the population, income growth, and property price trend are the most important factors. We are aware that there are a few other factors, mainly the crime rate and planned development projects. However, it is hard to quantify planned developments, so we did not include them here.
We assume that population and income growth will eventually catch up with property prices. So, if a city has had a rapid increase in investment property prices but population and income are growing slowly, then we assume that the property price will not grow as rapidly in the next five years.
  • 5 years of population growth
  • 5 years of income growth
  • 5 years of property price changes

Rental Yields

  • Rental Yield: Ratio between the average monthly rent as a single-family rental and the average property sold price for a 2-bedroom house.
  • Short-term rental Yield: Ratio between the average monthly short-term rental income and the average property sold price of a 2-bedroom house.
  • * Average Rental Yield in the Canada is 8.5%
  • * Average Short Term Rental Yield in the Canada is 14.5%

Top CA Markets to Invest

Niagara Falls, ON-market-image

Niagara falls, on

5.2x
CA$28K
Yearly
Revenue
17.1%
Net Rental
Yield
12.6%
Annual Appreciation
Victoria, British Columbia-market-image

Victoria, british columbia

2.6x
CA$45K
Yearly
Revenue
5.5%
Net Rental
Yield
8.3%
Annual Appreciation
Banff, AB, Canada-market-image

Banff, ab, canada

2.5x
CA$84K
Yearly
Revenue
10.5%
Net Rental
Yield
3.9%
Annual Appreciation
Ottawa-Gatineau-market-image

Ottawa-gatineau

2.4x
CA$26K
Yearly
Revenue
3.8%
Net Rental
Yield
8.7%
Annual Appreciation
Ottawa, Ontario-market-image

Ottawa, ontario

2.4x
CA$28K
Yearly
Revenue
4%
Net Rental
Yield
8.6%
Annual Appreciation
Winnipeg, MB-market-image

Winnipeg, mb

2.3x
CA$22K
Yearly
Revenue
9.3%
Net Rental
Yield
3.9%
Annual Appreciation
Montreal, Quebec-market-image

Montreal, quebec

2.2x
CA$33K
Yearly
Revenue
5%
Net Rental
Yield
6.2%
Annual Appreciation
Vancouver, BC, Canada-market-image

Vancouver, bc, canada

2.1x
CA$49K
Yearly
Revenue
4.3%
Net Rental
Yield
6.2%
Annual Appreciation
Quebec City, QC-market-image

Quebec city, qc

2.1x
CA$38K
Yearly
Revenue
8.1%
Net Rental
Yield
2.9%
Annual Appreciation
Edmonton, Alberta-market-image

Edmonton, alberta

2.1x
CA$22K
Yearly
Revenue
8.9%
Net Rental
Yield
2.4%
Annual Appreciation
Toronto, Ontario-market-image

Toronto, ontario

2.1x
CA$42K
Yearly
Revenue
2.2%
Net Rental
Yield
7.6%
Annual Appreciation
Mississauga, ON, Canada-market-image

Mississauga, on, canada

2x
CA$30K
Yearly
Revenue
3.4%
Net Rental
Yield
6.2%
Annual Appreciation
Jasper National Park, Alberta-market-image

Jasper national park, alberta

1.9x
CA$56K
Yearly
Revenue
6.5%
Net Rental
Yield
2.7%
Annual Appreciation
Whistler, BC-market-image

Whistler, bc

1.8x
CA$58K
Yearly
Revenue
3.4%
Net Rental
Yield
4.8%
Annual Appreciation
Calgary, Alberta, Canada-market-image

Calgary, alberta, canada

1.7x
CA$28K
Yearly
Revenue
5.7%
Net Rental
Yield
1.5%
Annual Appreciation

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