The rent prices in real estate in Georgetown, in the Ontario 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 Georgetown has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3. In August this price barely changed remaining at $3 per sq.feet. The price for the following two months in (September, October) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $2 during November, and December.
When referring to the price in Georgetown (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $2,544. In August This price remains at $2,544. During the following two months (September, October) the price has had an average rise from $2,544 to $2,693.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $2,618.75 to $2,473 in November and December.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 8 % more affordable than the average price of $2,248 in Georgetown. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 8 % more affordable than the average aforementioned.
According to average price per property type in Georgetown, "" priced at $2,248 is 8 % lower than the average price ($2,453) in this city.