The rent prices in real estate in Ottawa, in the Ontario region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Ottawa has risen during the last 6 months. In February, the average price per sq.feet was $2.26. In March this price barely changed remaining at $2.36 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $2.31 to $2.43 per sq.feet. The price per sq.feet has risen 109 % 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 $2.37 to $2.58 during June, and July.
When referring to the price in Ottawa (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,898. In March This price remains at $1,876. During the following two months (April, May) the average price fell 91 % 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 $1,805.5 and $1,852.5 between June and July.
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 $1,877 they are 10 % more affordable than the average price for Ottawa . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,440.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.56 / sq.feet, with an average $2.44 / sq.feet price in Ottawa. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.3 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,877 it is 2 % more affordable than the average price in Ottawa. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,839 it is 13 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $2.54 / sq.feet. "House" at an average price of $2.54 / sq.feet has the highest price and would be directed at more affluent cities.