The rent prices in real estate in Central Saanich, in the British Columbia region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Central Saanich has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2. In November this price barely changed remaining at $2 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2 to $2 per sq.feet. The price per sq.feet has had a considerable fall of 50 % 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 to $1 during February, and March.
When referring to the price in Central Saanich (cities), there have hardly been any changes in the last 6 months. The average price for October is $2,744. During November the price had a slight fall till $2,441. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.