The rent prices in real estate in Calgary, in the Alberta region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Calgary has fallen during the last 6 months. In September, the average price per sq.feet was $660.69. In the following month the price per sq.feet fell considerably to $488.79. In the following two months the price per sq.feet has practically remained the same, going from $574.74 to $552.41 per sq.feet. The price per sq.feet has had a considerable rise of 118 % 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 $563.57 to $665.1 during January, and February.
When referring to the price in Calgary (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,447. In October This price remains at $1,376. In the following two months the average price has hardly changed with regard to the previous two months from $1,411.5 to $1,380. 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 $1,395.75 and $1,373 between January and February.
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 $1,390 they are 17 % more affordable than the average price for Calgary . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,659.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.26 / sq.feet, with an average $710.26 / sq.feet price in Calgary. The properties with the most affordable average prices have 1 bedroom. They are 100 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.62 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,390 it is 12 % more affordable than the average price in Calgary. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,478 it is 10 % 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 $1.54 / sq.feet followed by "Apartment" priced at $1.73 / sq.feet. "House" is the most expensive type of property with a $1,108.52 / sq.feet value followed by "Commercial" with an average price of $619 / sq.feet.