The rent prices in real estate in Sudbury, in the Ontario 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 Sudbury has risen during the last 6 months. In April, the average price per sq.feet was $1.6. In the following month the price per sq.feet rose to $1.68. In the following two months the price per sq.feet has risen 109 %, going from $1.64 to $1.79 per sq.feet. The price per sq.feet has risen 105 % 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 $1.72 to $1.8 during August, and September.
When referring to the price in Sudbury (cities), there have hardly been any changes in the last 6 months. The average price for April is $1,472. During May the price had a slight fall till $1,366. In the following two months the average price has hardly changed with regard to the previous two months from $1,419 to $1,477. 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 $1,448 and $1,387 between August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,407 they are 30 % more affordable than the average price for Sudbury . The properties with the highest average price have 2 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,348.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.64 / sq.feet, with an average $1.75 / sq.feet price in Sudbury. The properties with the most expensive average prices have 2 bedrooms. They are 2 % more expensive than the average followed by properties with 1 bedroom with a price at $1.64 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,407 it is 23 % more affordable than the average price in Sudbury. "Land" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Commercial". At a price of $1,369 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $213 / sq.feet followed by "Commercial" priced at $737 / sq.feet. "Land" is the most expensive type of property with a $765 / sq.feet value followed by "Condo" with an average price of $742 / sq.feet.