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 August, the average price per sq.feet was $1.88. In the following month the price per sq.feet rose considerably to $3.88. The price for the following two months in (October, November) had a considerable fall of 63 with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $2.35 to $2.04 during December, and January.
When referring to the price in London (cities), this has risen in the last 6 months. The average price during our first sample month during August, is $2,101. During September the price went through a considerable rise reaching $2,426. In the following two months the average price has hardly changed with regard to the previous two months from $2,263.5 to $2,296. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $2,279.75 to $2,140.5 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 $2,074 they are 15 % more affordable than the average price for London . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,502.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.23 / sq.feet, with an average $2.07 / sq.feet price in London. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.04 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,074 it is 4 % more affordable than the average price in London. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,271 it is 18 % 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 $1.57 / sq.feet followed by "Townhouse" priced at $2 / sq.feet. "House" is the most expensive type of property with a $2.16 / sq.feet value followed by "Townhouse" with an average price of $2 / sq.feet.