Property prices for rent in Winnipeg (Manitoba)
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.
