The rent prices in real estate in Waterloo, in the Ontario 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 Waterloo has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.79. In the following month the price per sq.feet fell to $3.54. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 68 % 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 $3.41 to $2.33 during February, and March.
When referring to the price in Waterloo (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,213. In November This price remains at $2,278. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,124.75 to $1,506, which means a 71 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,377 they are 40 % more expensive than the average price for Waterloo. Following this ranking we find those properties with 4 at an average price of $2,175. The properties with the highest average price have 3 bedrooms, Their price is 113 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,314.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.85 / sq.feet, with an average $2.21 / sq.feet price in Waterloo. The properties with the most expensive average prices have 4 bedrooms. They are 79 % more expensive than the average followed by properties with 1 bedroom with a price at $3.29 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,377 it is 2 % more affordable than the average price in Waterloo. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $2,126 it is 79 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Condo" priced at $2.55 / sq.feet. "House" is the most expensive type of property with a $2.92 / sq.feet value followed by "Condo" with an average price of $2.55 / sq.feet.