La Paz · Toronto · Tbilisi

Price-to-rent by district, from listings we collected ourselves. Every figure carries its sample size and date — a number without them does not render.

Read this before the numbers. Toronto's yields describe a market a non-Canadian cannot legally buy into until 2027-01-01, and which charges roughly 38% of purchase price in entry taxes that outlive the ban. Tbilisi's and La Paz's samples are two and four districts — a sample, not a city. La Paz's figures are adjudicated but its checkpoint is not closed.

Tbilisi2 ranked districts · price-to-rent 12.28–14.56

districtprice-to-rentgross yieldrankable
Saburtalo12.28n=25s/23r · 2026-08-148.14%yes
Vake14.56n=15s/17r · 2026-08-146.87%yes

La Paz4 ranked districts · price-to-rent 15.19–17.36

districtprice-to-rentgross yieldrankable
Achumani15.19n=90s/56r · 2026-08-14 (adjudicated)6.58%yes
Calacoto15.96n=58s/123r · 2026-08-14 (adjudicated)6.27%yes
Sopocachi16.2n=50s/31r · 2026-08-14 (adjudicated)6.17%yes
Irpavi17.36n=32s/16r · 2026-08-14 (adjudicated)5.76%yes

Toronto2 ranked districts · price-to-rent 17.04–18.25

districtprice-to-rentgross yieldrankable
Waterfront Communities C117.04n=30s/20r · 2026-08-145.87%yes
Mimico18.25n=30s/26r · 2026-08-145.48%yes

What decides it before yield doesLa Paz vs Toronto

La Paz / BoliviaToronto / Canada
Can a foreigner buy?Yes — urban freehold, no residency requirementBarred from rural/agricultural land and from ANY property within 50 km of an international border (Constitution art. 262.I, direct or indirect title). La Paz is not in a border zone.NO — for dwellings of 1–3 units, until 2027-01-01Prohibition on the Purchase of Residential Property by Non-Canadians Act s.4(1); SOR/2022-250 s.3(1) confines it to census metropolitan areas. Repeal comes into force on the fourth anniversary of 2023-01-01.
What is open despite the bann/a — no ban to carve out ofVacant land (any zoning), and buildings of 7+ unitss.3(2) repealed by SOR/2023-66, so vacant land is out of scope; the Act caps at three units; and BOTH speculation taxes stop at six residences — so 7+ units face neither the ban nor the ~35% stack.
Entry tax on a foreign buyer~3% (IMT municipal transfer tax)Applied equally to foreign buyers. Sourced to a tax-advisory secondary, not to Ley 843 directly.~38% of purchase priceOntario NRST 25% (verified, effective 2022-10-25) + Toronto MNRST 10% (verified, effective 2025-01-01) + both land transfer taxes, on an $800k example. Marginal scales, so recompute per price point.
Does the barrier expire?n/aThe BAN does. The TAX does not.THE decisive asymmetry. The prohibition lapses 2027-01-01 by operation of statute; the ~38% entry cost is permanent and dominates any plausible yield difference.
Getting money out$2,500 per transaction — legal basis never locatedUnlimited transaction count, no aggregate cap. No underlying law, BCB resolution or ASFI regulation could be found across three passes; may be bank convention. Ley 516 art.15 guarantees repatriation but is scoped to REGISTERED foreign investment, and whether an ordinary personal purchase qualifies is unknown.No capital controls locatedDeliberately low: no primary instrument was retrieved. Absence of a located rule is not absence of a rule.
Tax on rental income13% RC-IVA (on 87% of receipts) + 3% IT~11.3% effective RC-IVA plus 3% transaction tax. Sourced to a commercial tax-advisory site, not the tax authority.NOT ASSESSEDCanadian rental-income taxation for non-residents was not researched.
Annual property taxIPBI 0.35%–1.5% of cadastral valueLey 843. Cadastral value, not market value.Federal Underused Housing Tax REPEALED for 2025+Bill C-15, royal assent 2026-03-26. Do NOT model the 1% as a live cost. Municipal property tax not assessed.
Non-resident mortgage accessNOT ASSESSEDNOT ASSESSED
Gross rental yieldUNVERIFIABLECP0 reopened 2026-08-13. The published four-district ranking rests on outlier flags no committed code produces; re-running the committed logic inverts the ranking and widens the band from 0.78 to 2.59 points. Neither the published nor the recomputed set is earned. 32 adjudications outstanding.NOT COLLECTEDZero Toronto listings exist. The database holds one city, one country, 801 rows, all La Paz.