Property prices for rent in Halifax (Nova Scotia)
The rent prices in real estate in Halifax, in the Nova Scotia region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Halifax has risen during the last 6 months. In August, the average price per sq.feet was $55.57. In the following month the price per sq.feet rose considerably to $132.26. The price for the following two months in (October, November) had a considerable fall of 70 with regard to the previous two months. The price per sq.feet has had a considerable fall of 18 % 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 $79.76 to $14.55 during December, and January.
When referring to the price in Halifax (cities), this has fallen in the last 6 months. In our first sample month during August, the average price is $2,434. In September This price remains at $2,449. In the following two months the average price has hardly changed with regard to the previous two months from $2,441.5 to $2,362. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $2,401.75 to $2,174.5 in December and January.
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 $2,134 they are 21 % more affordable than the average price for Halifax . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,433.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.16 / sq.feet, with an average $2.33 / sq.feet price in Halifax. The properties with the most expensive average prices have 4 bedrooms. They are 9412 % more expensive than the average followed by properties with 3 bedrooms with a price at $102.55 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,134 it is 34 % more affordable than the average price in Halifax. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $2,049 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.18 / sq.feet followed by "House" priced at $2.46 / sq.feet. "Land" is the most expensive type of property with a $806 / sq.feet value followed by "Condo" with an average price of $3.6 / sq.feet.
