The rent prices in real estate in Guelph, 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 Guelph has risen strongly during the last 6 months. In April, the average price per sq.feet was $2.81. In May this price barely changed remaining at $2.85 per sq.feet. The price for the following two months in (June, July) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 152 % 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 $2.73 to $4.15 during August, and September.
When referring to the price in Guelph (cities), this has fallen in the last 6 months. The average price for April is $2,431. During May the price had a slight fall till $2,302. In the following two months the average price has hardly changed with regard to the previous two months from $2,366.5 to $2,359. During the last two months the average price has fallen greatly compared to the previous four going from $2,362.75 to $1,977.5, which means a 84 % fall.
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 $1,911 they are 3 % more affordable than the average price for Guelph . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,599.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.07 / sq.feet, with an average $3.63 / sq.feet price in Guelph. The properties with the most expensive average prices have 1 bedroom. They are 50 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.92 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,911 it is 0 % more expensive than the average price in Guelph. "" is seen as the second most expensive property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,529 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.66 / sq.feet followed by "Condo" priced at $2.52 / sq.feet. "House" is the most expensive type of property with a $4.26 / sq.feet value followed by "Condo" with an average price of $2.52 / sq.feet.