Property prices for rent in Halifax (Nova Scotia)
The rent prices in real estate in Halifax, in the Nova Scotia 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 Halifax has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.78. In January this price barely changed remaining at $1.8 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.79 to $1.84 per sq.feet. The price per sq.feet has had a considerable rise of 747 % 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 $1.82 to $13.56 during April, and May.
When referring to the price in Halifax (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,698. In January This price remains at $1,616. During the following two months (February, March) the average price fell 95 % 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 122 % 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 $2,020 they are 6 % more affordable than the average price for Halifax . The properties with the highest average price have 3 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,533.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $6.9 / sq.feet, with an average $19.44 / sq.feet price in Halifax. The properties with the most expensive average prices have 3 bedrooms. They are 1595 % more expensive than the average followed by properties with 1 bedroom with a price at $34.68 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,020 it is 29 % more affordable than the average price in Halifax. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,549 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $190 / sq.feet followed by "Land" priced at $823 / sq.feet. "Land" is the most expensive type of property with a $823 / sq.feet value followed by "House" with an average price of $190 / sq.feet.
