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.