The rent prices in real estate in Calgary, in the Alberta region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Calgary has risen during the last 6 months. In February, the average price per sq.feet was $1.98. In March this price barely changed remaining at $1.94 per sq.feet. In the following two months the price per sq.feet has risen 112 %, going from $1.96 to $2.2 per sq.feet. The price per sq.feet has risen 114 % 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 $2.08 to $2.38 during June, and July.
When referring to the price in Calgary (cities), this has risen in the last 6 months. In our first sample month during February, the average price is $1,471. In March This price remains at $1,401. During the following two months (April, May) the price has had an average rise from $1,436 to $1,556.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.
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 $1,819 they are 13 % more affordable than the average price for Calgary . The properties with the highest average price have 4 bedrooms, Their price is 91 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,248.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.65 / sq.feet, with an average $2.35 / sq.feet price in Calgary. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.11 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,819 it is 20 % more affordable than the average price in Calgary. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,721 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "Condo" priced at $1.64 / sq.feet. "House" is the most expensive type of property with a $2.44 / sq.feet value followed by "Land" with an average price of $2 / sq.feet.