The rent prices in real estate in Esquimalt, 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 Esquimalt has had a strong fall during the last 6 months. In September, the average price per sq.feet was $3. In October this price barely changed remaining at $3 per sq.feet. The price for the following two months in (November, December) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable fall of 60 % 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 $2.5 to $1.5 during January, and February.
When referring to the price in Esquimalt (cities), there have hardly been any changes in the last 6 months. The rent price in September is $2,082, rising in October till $2,209. In the following two months the average price has hardly changed with regard to the previous two months from $2,145.5 to $2,180. 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 $2,162.75 and $2,122 between January and February.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 2 % more affordable than the average price of $1,993 in Esquimalt. Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 16 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % more affordable than the average price of ($1 / sq.feet) in Esquimalt. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.