The rent prices in real estate in Winnipeg, in the Manitoba 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 Winnipeg has risen strongly during the last 6 months. In June, the average price per sq.feet was $1.84. In July this price barely changed remaining at $1.93 per sq.feet. The price for the following two months in (August, September) had a considerable rise of 267 %. The price per sq.feet has had a considerable fall of 51 % 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 $3.46 to $1.77 during October, and November.
When referring to the price in Winnipeg (cities), there have hardly been any changes in the last 6 months. The rent price in June is $1,438, rising in July till $1,514. During the following two months (August, September) the price has had an average rise from $1,476 to $1,595. During the last two months the average price has fallen greatly compared to the previous four going from $1,535.5 to $1,107.5, which means a 72 % fall.
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 $1,172 they are 15 % more affordable than the average price for Winnipeg . The properties with the highest average price have 4 bedrooms, Their price is 79 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,756.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.62 / sq.feet, with an average $1.87 / sq.feet price in Winnipeg. The properties with the most expensive average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.93 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,172 it is 11 % more affordable than the average price in Winnipeg. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,590 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.69 / sq.feet followed by "Condo" priced at $2.22 / sq.feet. "Land" is the most expensive type of property with a $484 / sq.feet value followed by "Condo" with an average price of $2.22 / sq.feet.