The rent prices in real estate in Toronto, in the Ontario 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 Toronto has risen strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $3.53. The price for the following two months in (May, June) had a considerable rise of 10190 %. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $90.81 to $90.25 during July y August
When referring to the price in Toronto (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching $2,611. During the following two months (May, June) the average price had a considerable rise of 170 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 134 % 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 $2,411 they are 8 % more affordable than the average price for Toronto . The properties with the highest average price have 3 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,907.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $4.48 / sq.feet, with an average $6.98 / sq.feet price in Toronto. The properties with the most expensive average prices have 1 bedroom. They are 145 % more expensive than the average followed by properties with 2 bedrooms with a price at $16.93 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,411 it is 15 % more affordable than the average price in Toronto. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Apartment". At a price of $2,763 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $2.61 / sq.feet followed by "Office" priced at $3.04 / sq.feet. "Apartment" is the most expensive type of property with a $586.72 / sq.feet value followed by "House" with an average price of $107.33 / sq.feet.