The rent prices in real estate in North Bay, in the Ontario region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in North Bay has fallen during the last 6 months. In October, the average price per sq.feet was $3.73. In November this price barely changed remaining at $3.72 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $3.72 to $3.7 per sq.feet. The price per sq.feet has had a considerable fall of 76 % 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 $3.71 to $2.83 during February, and March.
When referring to the price in North Bay (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,698. In November This price remains at $1,725. In the following two months the average price has hardly changed with regard to the previous two months from $1,711.5 to $1,721. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,716.25 and $1,710.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,672 they are 26 % more affordable than the average price for North Bay . The properties with the highest average price have 3 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,768.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.21 / sq.feet, with an average $2.48 / sq.feet price in North Bay. The properties with the most expensive average prices have 4 bedrooms. They are 40908 % more expensive than the average followed by properties with 1 bedroom with a price at $3.26 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,672 it is 38 % more affordable than the average price in North Bay. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,209 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $998 / sq.feet followed by "House" priced at $1,017 / sq.feet. "House" is the most expensive type of property with a $1,017 / sq.feet value followed by "Condo" with an average price of $998 / sq.feet.