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 December, the average price per sq.feet was $2.37. In the following month the price per sq.feet rose to $2.53. In the following two months the price per sq.feet has risen 109 %, going from $2.45 to $2.66 per sq.feet. The price per sq.feet has risen 108 % 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 $2.56 to $2.77 during April, and May.
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 December, the average price is $2,045. In January This price remains at $1,989. In the following two months the average price has hardly changed with regard to the previous two months from $2,017 to $2,018.5. 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 $2,017.75 and $2,092.5 between April and May.
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 $2,154 they are 14 % more affordable than the average price for Ottawa . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,564.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.67 / sq.feet, with an average $2.78 / sq.feet price in Ottawa. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.68 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,154 it is 4 % more affordable than the average price in Ottawa. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $2,121 it is 22 % 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 $1.64 / sq.feet followed by "House" priced at $2.96 / sq.feet. "House" is the most expensive type of property with a $2.96 / sq.feet value followed by "Condo" with an average price of $1.64 / sq.feet.