The rent prices in real estate in Québec, in the Quebec region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Québec has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.87. In November this price barely changed remaining at $1.94 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 176 %. The price per sq.feet has had a considerable rise of 129 % 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 $2.63 to $3.38 during February, and March.
When referring to the price in Québec (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,355. In November This price remains at $1,358. In the following two months the average price has hardly changed with regard to the previous two months from $1,356.5 to $1,421.5. 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 $1,389 and $1,373 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 $1,385 they are 15 % more affordable than the average price for Québec . The properties with the highest average price have 3 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,634.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.61 / sq.feet, with an average $4.08 / sq.feet price in Québec. The properties with the most expensive average prices have 2 bedrooms. They are 44 % more expensive than the average followed by properties with 3 bedrooms with a price at $5.1 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,385 it is 7 % more affordable than the average price in Québec. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $1,338 it is 49 % 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 $2.16 / sq.feet followed by "House" priced at $20.47 / sq.feet. "Land" is the most expensive type of property with a $229.64 / sq.feet value followed by "House" with an average price of $20.47 / sq.feet.