The rent prices in real estate in Laval, in the Quebec 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 Laval has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.12. In the following month the price per sq.feet fell considerably to $1.93. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 77 % 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 $2.9 to $2.22 during February, and March.
When referring to the price in Laval (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,864. In November This price remains at $1,933. In the following two months the average price has hardly changed with regard to the previous two months from $1,898.5 to $1,940. 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 $1,919.25 and $1,920.5 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 $1,925 they are 17 % more affordable than the average price for Laval . The properties with the highest average price have 3 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,013.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $2.27 / sq.feet, with an average $2.11 / sq.feet price in Laval. The properties with the most expensive average prices have 4 bedrooms. They are 764 % more expensive than the average followed by properties with 3 bedrooms with a price at $5.81 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,925 it is 0 % more affordable than the average price in Laval. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $2,031 it is 11 % 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 $2.13 / sq.feet followed by "Condo" priced at $13.68 / sq.feet. "Condo" is the most expensive type of property with a $13.68 / sq.feet value followed by "House" with an average price of $2.13 / sq.feet.