The rent prices in real estate in Midland, 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 Midland has risen strongly during the last 6 months. In April, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $765. The price for the following two months in (June, July) had a considerable rise of 242 %. The price per sq.feet has had a considerable fall of 59 % 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 $653.75 to $383.29 during August, and September.
When referring to the price in Midland (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is . During May the price went through a considerable rise reaching $1,943. During the following two months (June, July) the average price had a considerable rise of 211 % 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 127 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,941 they are 24 % more affordable than the average price for Midland . The properties with the lowest average price have 1 bedroom, Their price is 16 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,471.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 28 % more affordable than the average price of ($552 / sq.feet) in Midland. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 28 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,941 it is 24 % more affordable than the average price in Midland. "Office" is seen as the second most affordable property type. The most affordable property is "Office" followed by "House". At a price of $1,471 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $397 / sq.feet followed by "House" priced at $552 / sq.feet. "House" is the most affordable type of property with a $552 / sq.feet value followed by "Office" with an average price of $397 / sq.feet.