Property prices for rent in Halifax (Nova Scotia)

The price per sq.feet in Halifax has risen strongly during the last 6 months. In March, the average price per sq.feet was $2.23. In the following month the price per sq.feet rose considerably to $3.04. The price for the following two months in (May, June) fell 85 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 138 % 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 $2.44 to $3.37 during July, and August.

When referring to the price in Halifax (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,503. During April the price went through a considerable rise reaching $2,181. During the following two months (May, June) the average price had a considerable fall of 77 % 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 123 % 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 $2,023 they are 6 % more affordable than the average price for Halifax . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,363.

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 $2.96 / sq.feet price in Halifax. The properties with the most expensive average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.17 / sq.feet.

The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,023 it is 33 % more affordable than the average price in Halifax. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,034 it is 33 % 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 $2.57 / sq.feet followed by "Condo" priced at $3.78 / sq.feet. "Land" is the most expensive type of property with a $782 / sq.feet value followed by "Townhouse" with an average price of $14 / sq.feet.