Property prices for rent in Ottawa (Ontario)
The rent prices in real estate in Ottawa, in the Ontario region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Ottawa has had a strong fall during the last 6 months. In January, the average price per sq.feet was $2.28. In February this price barely changed remaining at $2.18 per sq.feet. The price for the following two months in (March, April) had a considerable fall of 45 with regard to the previous two months. The price per sq.feet has had a considerable rise of 143 % 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 $1.62 to $2.32 during May, and June.
When referring to the price in Ottawa (cities), this has fallen considerably in the last 6 months. The average price for January is $1,964. During February the price had a slight fall till $1,803. During the following two months (March, April) the average price had a considerable fall of 49 % 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 138 % during the last two months.
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 $1,939 they are 27 % more affordable than the average price for Ottawa . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,261.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.18 / sq.feet, with an average $2.26 / sq.feet price in Ottawa. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.2 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,939 it is 60 % more affordable than the average price in Ottawa. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Office". At a price of $2,353 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $0.03 / sq.feet followed by "Land" priced at $2 / sq.feet. "Condo" is the most expensive type of property with a $2.89 / sq.feet value followed by "Office" with an average price of $2.46 / sq.feet.
