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A percentage that shows the potential annual return on a real estate investment based on the property's income.
The cap rate helps investors quickly assess and compare the profitability of different property investments.
A higher cap rate suggests a potentially more profitable investment, though it should be considered alongside other financial metrics.
| Median | Mean | Mode |
|---|---|---|
3.9% | 4.3% | - |
| Location | Median | Mean | Mode |
|---|---|---|---|
| Lumby | 3.9% | 4.4% | - |
| Sechelt | 3.1% | 3.5% | - |
| Castlegar | 5.0% | 5.6% | - |
| Okanagan | 13.2% | 13.3% | - |
| Duck Lake | 12.6% | 13.6% | - |
| Parksville | 3.7% | 4.0% | - |
| New Denver | 4.5% | 4.4% | - |
| Cranbrook | 6.3% | 6.8% | - |
| Qualicum Beach | 3.1% | 3.3% | - |
| Cache Creek | 5.1% | 5.6% | - |