Property prices for rent in London (Ontario)
The rent prices in real estate in London, in the Ontario region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in London has barely changed in the last 6 months. In September, the average price per sq.feet was $385.93. In the following month the price per sq.feet fell considerably to $136.23. The price for the following two months in (November, December) had a considerable rise of 136 %. The price per sq.feet has had a considerable rise of 160 % 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 $308.54 to $493.12 during January, and February.
When referring to the price in London (cities), there have hardly been any changes in the last 6 months. The average price for September is $1,364. During October the price had a slight fall till $1,286. In the following two months the average price has hardly changed with regard to the previous two months from $1,325 to $1,344.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,419 they are 32 % more affordable than the average price for London . The properties with the highest average price have 4 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,640.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.06 / sq.feet, with an average $452.97 / sq.feet price in London. The properties with the most affordable average prices have 1 bedroom. They are 100 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.26 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,419 it is 28 % more affordable than the average price in London. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,467 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.17 / sq.feet followed by "Apartment" priced at $1.3 / sq.feet. "House" is the most expensive type of property with a $1,232.36 / sq.feet value followed by "Commercial" with an average price of $532 / sq.feet.
