The rent prices in real estate in Kanata, in the Ontario region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Kanata has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.45. In November this price barely changed remaining at $4.51 per sq.feet. The price for the following two months in (December, January) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 65 % 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 $4.24 to $2.77 during February, and March.
When referring to the price in Kanata (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,321. In November This price remains at $2,356. In the following two months the average price has hardly changed with regard to the previous two months from $2,338.5 to $2,448. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,393.25 and $2,472 between February and March.
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 $2,486 they are 22 % more affordable than the average price for Kanata . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,995.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.41 / sq.feet, with an average $2.47 / sq.feet price in Kanata. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.41 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,486 it is 3 % more affordable than the average price in Kanata. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Apartment". At a price of $2,420 it is 5 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $2 / sq.feet. "Apartment" with an average price of $2 / sq.feet has the most affordable price and would be directed at less affluent cities.