Property prices for rent in Charlottetown (Prince Edward Island)

The price per sq.feet in Charlottetown has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.42. In November this price barely changed remaining at $2.44 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has had a considerable fall of 52 % 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 $2.2 to $1.14 during February, and March.

When referring to the price in Charlottetown (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $1,198. In November This price remains at $1,146. During the following two months (December, January) the average price had a considerable rise of 125 % 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 had a strong increase of 126 % 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 $1,686 they are 44 % more affordable than the average price for Charlottetown . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 33 % more expensive than the average aforementioned.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.15 / sq.feet price in Charlottetown. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 74 % more expensive than the average value aforementioned.