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.