Gross rental yields in Canada: Montréal and 5 other cities
The average gross rental yield in Canada stands at 5.72% (Q1, 2026). Previously, in Q3 2025, the rental yield was 5.55%.
Note: Prices are shown in USD.
Cities and areas compared
- Montréal
- Toronto
- Vancouver
- Ottawa
- Hamilton
- Calgary
Historical rental yields in Canada
| MONTREAL - QUEBEC - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Mercier-Hochelaga-Maisonneuve | |||
| 1-Bedroom | $252,200 | $1,300 | 6.19% |
| 2-Bedroom | $314,400 | $1,460 | 5.57% |
| 3-Bedroom | $394,800 | $1,600 | 4.86% |
| Côte-des-Neiges–Notre-Dame-de-Grâce | |||
| 1-Bedroom | $283,700 | $1,155 | 4.89% |
| 2-Bedroom | $376,500 | $1,680 | 5.35% |
| 3-Bedroom | $564,400 | $1,900 | 4.04% |
| Le Sud-Ouest | |||
| 1-Bedroom | $302,500 | $1,280 | 5.08% |
| 2-Bedroom | $456,900 | $1,645 | 4.32% |
| 3-Bedroom | $658,000 | $1,830 | 3.34% |
| Verdun | |||
| 1-Bedroom | $344,700 | $1,245 | 4.33% |
| 2-Bedroom | $500,800 | $1,735 | 4.16% |
| 3-Bedroom | $643,400 | $1,755 | 3.27% |
| Rosemont–La Petite-Patrie | |||
| 1-Bedroom | $310,400 | $1,205 | 4.66% |
| 2-Bedroom | $401,400 | $1,390 | 4.16% |
| 3-Bedroom | $511,000 | $1,675 | 3.93% |
| Villeray–Saint-Michel–Parc-Extension | |||
| 1-Bedroom | $291,000 | $1,070 | 4.41% |
| 2-Bedroom | $364,800 | $1,375 | 4.52% |
| 3-Bedroom | $606,100 | $1,460 | 2.89% |
| Ahuntsic-Cartierville | |||
| 1-Bedroom | $255,200 | $1,055 | 4.96% |
| 2-Bedroom | $321,000 | $1,315 | 4.92% |
| Montréal-Quebec (all Locations) | |||
| 1-Bedroom | $296,100 | $1,280 | 5.19% |
| 2-Bedroom | $420,200 | $1,610 | 4.60% |
| 3-Bedroom | $570,300 | $1,830 | 3.85% |
| 4+Bedroom | $761,800 | $2,120 | 3.34% |
| Montréal-Québec avg. Rental Yields | 4.24% | ||
| TORONTO - ONTARIO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Etobicoke | |||
| 1-Bedroom | $347,300 | $1,535 | 5.30% |
| 2-Bedroom | $437,900 | $1,975 | 5.41% |
| 3-Bedroom | $517,300 | $2,415 | 5.60% |
| Scarborough | |||
| 1-Bedroom | $303,400 | $1,455 | 5.75% |
| 2-Bedroom | $364,800 | $1,755 | 5.77% |
| 3-Bedroom | $437,900 | $2,050 | 5.62% |
| North York | |||
| 1-Bedroom | $342,200 | $1,570 | 5.51% |
| 2-Bedroom | $427,000 | $1,865 | 5.24% |
| 3-Bedroom | $539,600 | $2,265 | 5.04% |
| York | |||
| 2-Bedroom | $431,200 | $1,390 | 3.87% |
| 3-Bedroom | $511,000 | $1,755 | 4.12% |
| Downtown | |||
| 1-Bedroom | $380,200 | $1,680 | 5.30% |
| 2-Bedroom | $510,700 | $2,010 | 4.72% |
| 3-Bedroom | $935,400 | $2,740 | 3.52% |
| East York | |||
| 1-Bedroom | $372,900 | $1,425 | 4.59% |
| 2-Bedroom | $524,900 | $1,900 | 4.34% |
| Entertainment District | |||
| 1-Bedroom | $418,200 | $1,720 | 4.94% |
| 2-Bedroom | $493,500 | $2,115 | 5.14% |
| 3-Bedroom | $803,500 | $2,940 | 4.39% |
| Toronto - Ontario (all locations) | |||
| 1-Bedroom | $345,100 | $1,610 | 5.60% |
| 2-Bedroom | $367,100 | $1,940 | 6.34% |
| 3-Bedroom | $500,700 | $2,485 | 5.96% |
| 4+Bedroom | $584,700 | $3,510 | 7.20% |
| Toronto - Ontario avg. Rental Yields | 6.27% | ||
| VANCOUVER - BRITISH COLUMBIA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Vancouver-British Columbia (all locations) | |||
| 1-Bedroom | $378,600 | $1,830 | 5.80% |
| 2-Bedroom | $674,000 | $3,180 | 5.66% |
| 3-Bedroom | $1,002,200 | $4,825 | 5.78% |
| Vancouver, British Columbia avg. Rental Yields | 5.75% | ||
| HAMILTON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hamilton (all locations) | |||
| 1-Bedroom | $285,100 | $1,245 | 5.24% |
| 2-Bedroom | $379,400 | $1,500 | 4.74% |
| 3-Bedroom | $432,800 | $2,010 | 5.57% |
| Hamilton avg. Rental Yields | 5.19% | ||
| OTTAWA - ONTARIO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Ottawa - Ontario (all locations) | |||
| 1-Bedroom | $255,800 | $1,245 | 5.84% |
| 2-Bedroom | $288,800 | $1,425 | 5.92% |
| 3-Bedroom | $340,000 | $1,755 | 6.19% |
| Ottawa - Ontario avg. Rental Yields | 5.99% | ||
| CALGARY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Calgary (all locations) | |||
| 1-Bedroom | $197,300 | $1,200 | 7.30% |
| 2-Bedroom | $256,000 | $1,460 | 6.84% |
| 3-Bedroom | $339,900 | $1,830 | 6.46% |
| Calgary avg. Rental Yields | 6.87% | ||
| 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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View the full rental yield dataset (2023 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties 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.
