The rent prices in real estate in Thunder Bay, 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 Thunder Bay has risen during the last 6 months. In September, the average price per sq.feet was $1.93. In the following month the price per sq.feet rose considerably to $2.65. The price for the following two months in (November, December) fell 95 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 72 % 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 $2.23 to $1.61 during January, and February.
When referring to the price in Thunder Bay (cities), this has fallen in the last 6 months. The average price for September is $1,620. During October the price had a slight fall till $1,475. In the following two months the average price has hardly changed with regard to the previous two months from $1,547.5 to $1,524. 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 $1,535.75 and $1,583 between January and February.
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 $1,632 they are 21 % more affordable than the average price for Thunder Bay . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,715.
With regard to the average prices per sq.feet those properties with 1 bedroom are 35 % more affordable than the average price of ($1 / sq.feet) in Thunder Bay. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 35 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,632 it is 26 % more affordable than the average price in Thunder Bay. "" is seen as the second most affordable property type. The most affordable property is "" followed by "Condo". At a price of $1,209 it is 14 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $858 / sq.feet. "Condo" at an average price of $858 / sq.feet has the highest price and would be directed at more affluent cities.