The rent prices in real estate in Regina, in the Saskatchewan 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 Regina has risen during the last 6 months. In February, the average price per sq.feet was $1.32. In March this price barely changed remaining at $1.3 per sq.feet. In the following two months the price per sq.feet has risen 115 %, going from $1.31 to $1.5 per sq.feet. The price per sq.feet has risen 114 % 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 $1.41 to $1.6 during June, and July.
When referring to the price in Regina (cities), this has risen in the last 6 months. In our first sample month during February, the average price is $994. In March This price remains at $990. During the following two months (April, May) the price has had an average rise from $992 to $1,134.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $1,143 they are 8 % more affordable than the average price for Regina . The properties with the highest average price have 4 bedrooms, Their price is 116 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,597.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.4 / sq.feet, with an average $1.6 / sq.feet price in Regina. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.48 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,143 it is 9 % more affordable than the average price in Regina. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,361 it is 29 % 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 $1.48 / sq.feet followed by "House" priced at $1.62 / sq.feet. "Office" is the most expensive type of property with a $87 / sq.feet value followed by "House" with an average price of $1.62 / sq.feet.