The rent prices in real estate in Etobicoke, in the Ontario 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 Etobicoke has fallen during the last 6 months. In October, the average price per sq.feet was $4.28. In November this price barely changed remaining at $4.07 per sq.feet. The price for the following two months in (December, January) fell 95 % with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $4.07 to $3.52 during February, and March.
When referring to the price in Etobicoke (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,523. In November This price remains at $2,552. During the following two months (December, January) the price has had an average rise from $2,537.5 to $2,723. 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 $2,630.25 and $2,757 between February and March.
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 $2,770 they are 12 % more affordable than the average price for Etobicoke . The properties with the highest average price have 4 bedrooms, Their price is 191 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,265.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.37 / sq.feet, with an average $3.39 / sq.feet price in Etobicoke. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.33 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,770 it is 1 % more affordable than the average price in Etobicoke. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,749 it is 6 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Condo with an average cost of $3 / sq.feet. "Condo" with an average price of $3 / sq.feet has the most affordable price and would be directed at less affluent cities.