The rent prices in real estate in Georgetown, in the Ontario region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Georgetown has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.29. In the following month the price per sq.feet rose considerably to $1.61. The price for the following two months in (December, January) had a considerable rise of 159 %. The price per sq.feet has had a considerable fall of 57 % 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 $1.88 to $1.07 during February, and March.
When referring to the price in Georgetown (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $656. During November the price went through a considerable rise reaching $925. During the following two months (December, January) the average price had a considerable rise of 210 % 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 116 % 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 $1,666 they are 34 % more affordable than the average price for Georgetown . The properties with the highest average price have 3 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,292.
According to average price per property type in Georgetown, "" priced at $2,203 is 32 % more expensive than the average price ($1,666) in this city.