The rent prices in real estate in Burlington, in the Ontario region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Burlington has risen strongly during the last 6 months. In October, the average price per sq.feet was $3.24. In November this price barely changed remaining at $3.23 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $3.23 to $3.32 per sq.feet. The price per sq.feet has had a considerable rise of 218 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3.28 to $7.14 during February, and March.
When referring to the price in Burlington (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,706. In November This price remains at $2,763. In the following two months the average price has hardly changed with regard to the previous two months from $2,734.5 to $2,747.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,741 and $2,816.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,887 they are 23 % more affordable than the average price for Burlington . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,817.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.08 / sq.feet, with an average $10.92 / sq.feet price in Burlington. The properties with the most expensive average prices have 4 bedrooms. They are 123 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.2 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,887 it is 11 % more affordable than the average price in Burlington. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,636 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $5.61 / sq.feet followed by "House" priced at $20.52 / sq.feet. "House" is the most expensive type of property with a $20.52 / sq.feet value followed by "Condo" with an average price of $5.61 / sq.feet.