The rent prices in real estate in Saskatoon, in the Saskatchewan 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 Saskatoon has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.66. In the following month the price per sq.feet rose considerably to $4.81. The price for the following two months in (June, July) fell 91 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 151 % 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 $3.09 to $4.68 during August, and September.
When referring to the price in Saskatoon (cities), there have hardly been any changes in the last 6 months. The rent price in April is $1,137, rising in May till $1,207. In the following two months the average price has hardly changed with regard to the previous two months from $1,172 to $1,154. 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 $1,163 and $1,122.5 between August and September.
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 $1,146 they are 6 % more affordable than the average price for Saskatoon . The properties with the highest average price have 4 bedrooms, Their price is 83 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,665.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.75 / sq.feet, with an average $5.71 / sq.feet price in Saskatoon. The properties with the most affordable average prices have 1 bedroom. They are 30 % more affordable than the average followed by properties with 2 bedrooms with a price at $3.12 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,146 it is 11 % more affordable than the average price in Saskatoon. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,725 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.66 / sq.feet followed by "Condo" priced at $1.94 / sq.feet. "Office" is the most expensive type of property with a $410 / sq.feet value followed by "House" with an average price of $5.39 / sq.feet.