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.