Property prices for rent in London (Ontario)
The rent prices in real estate in London, in the Ontario 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 London has risen strongly during the last 6 months. In December, the average price per sq.feet was $389.1. In the following month the price per sq.feet rose considerably to $533.27. The price for the following two months in (February, March) had a considerable fall of 49 with regard to the previous two months. The price per sq.feet has had a considerable rise of 215 % 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 $343.83 to $737.81 during April, and May.
When referring to the price in London (cities), this has fallen in the last 6 months. The rent price in December is $1,377, rising in January till $1,469. During the following two months (February, March) the average price had a considerable fall of 50 % 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 143 % 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 $1,487 they are 34 % more affordable than the average price for London . The properties with the highest average price have 3 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,223.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $744.05 / 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 $1.42 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,487 it is 31 % 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 "Condo". At a price of $1,444 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.32 / sq.feet followed by "Apartment" priced at $249.67 / sq.feet. "House" is the most expensive type of property with a $1,449.44 / sq.feet value followed by "Apartment" with an average price of $249.67 / sq.feet.
