The rent prices in real estate in Ritchot, in the Manitoba 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 Ritchot has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.58. In December this price barely changed remaining at $1.57 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $1.58 to $1.68 per sq.feet. The price per sq.feet has had a considerable fall of 53 % 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 $1.63 to $0.87 during March, and April.
When referring to the price in Ritchot (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $1,496. In December This price remains at $1,490. In the following two months the average price has hardly changed with regard to the previous two months from $1,493 to $1,481. During the last two months the average price has fallen greatly compared to the previous four going from $1,487 to $749, which means a 50 % fall.