The rent prices in real estate in Halifax, in the Nova Scotia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Halifax has fallen during the last 6 months. In October, the average price per sq.feet was $2.67. In the following month the price per sq.feet rose to $2.81. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $2.57 to $2.29 during February, and March.
When referring to the price in Halifax (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,626, rising in November till $1,761. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,646 to $1,514 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,503 they are 52 % more affordable than the average price for Halifax . The properties with the highest average price have 4 bedrooms, Their price is 70 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,118.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.79 / sq.feet, with an average $2.23 / sq.feet price in Halifax. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.88 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,503 it is 1 % more affordable than the average price in Halifax. "Land" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,512 it is 80 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1 / sq.feet followed by "House" priced at $2.35 / sq.feet. "Townhouse" is the most expensive type of property with a $19 / sq.feet value followed by "Condo" with an average price of $7.1 / sq.feet.