Property prices for rent in Grande Prairie (Alberta)

The price per sq.feet in Grande Prairie has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.24. In November this price barely changed remaining at $2.14 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.19 to $2.11 per sq.feet. 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 $2.15 to $1.22 during February, and March.

When referring to the price in Grande Prairie (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,407. In November This price remains at $1,390. During the following two months (December, January) the price has had an average rise from $1,398.5 to $1,500.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,449.5 to $922, which means a 64 % fall.

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $773 they are 56 % more expensive than the average price for Grande Prairie. Following this ranking we find those properties with 2 at an average price of $1,506. The properties with the highest average price have 4 bedrooms, Their price is 243 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,725.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $1.85 / sq.feet, with an average $1.09 / sq.feet price in Grande Prairie. The properties with the most expensive average prices have 1 bedroom. They are 127 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.17 / sq.feet.

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $773 it is 5 % more affordable than the average price in Grande Prairie. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "Land". At a price of $1,370 it is 80 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.96 / sq.feet followed by "Apartment" priced at $2.24 / sq.feet. "Land" is the most expensive type of property with a $448 / sq.feet value followed by "Apartment" with an average price of $2.24 / sq.feet.