The rent prices in real estate in Whitby, 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 Whitby has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.63. In the following month the price per sq.feet rose to $3.01. The price for the following two months in (December, January) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has had a considerable fall of 71 % 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 $2.51 to $1.79 during February, and March.
When referring to the price in Whitby (cities), this has fallen in the last 6 months. The average price for October is $2,858. During November the price had a considerable fall till $2,190. In the following two months the average price has hardly changed with regard to the previous two months from $2,524 to $2,585. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $2,554.5 to $2,394.5 in February and March.
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 $2,200 they are 50 % more affordable than the average price for Whitby . The properties with the highest average price have 4 bedrooms, Their price is 58 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,935.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.41 / sq.feet, with an average $1.7 / sq.feet price in Whitby. The properties with the most expensive average prices have 2 bedrooms. They are 11 % more expensive than the average followed by properties with 1 bedroom with a price at $1.85 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,200 it is 5 % more affordable than the average price in Whitby. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $2,906 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.47 / sq.feet followed by "House" priced at $2.28 / sq.feet. "Condo" is the most expensive type of property with a $2.36 / sq.feet value followed by "House" with an average price of $2.28 / sq.feet.