Property prices for rent in North Vancouver (British Columbia)
The rent prices in real estate in North Vancouver, in the British Columbia 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 Vancouver has fallen during the last 6 months. In October, the average price per sq.feet was $5.17. In the following month the price per sq.feet fell to $4.84. In the following two months the price per sq.feet has practically remained the same, going from $5.01 to $5.01 per sq.feet. The price per sq.feet has fallen 93 % 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 $5.01 to $4.64 during February, and March.
When referring to the price in North Vancouver (cities), this has risen considerably in the last 6 months. The rent price in October is $2,795, rising in November till $3,167. During the following two months (December, January) the average price had a considerable rise of 116 % with regard to the previous two months. 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 $3,213.75 and $3,198 between February and March.
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 $3,190 they are 16 % more affordable than the average price for North Vancouver . The properties with the highest average price have 4 bedrooms, Their price is 72 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,276.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.75 / sq.feet, with an average $4.51 / sq.feet price in North Vancouver. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.95 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,190 it is 2 % more affordable than the average price in North Vancouver. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $3,177 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $4.85 / sq.feet followed by "Condo" priced at $5.9 / sq.feet. "Condo" is the most expensive type of property with a $5.9 / sq.feet value followed by "House" with an average price of $4.85 / sq.feet.
