The rent prices in real estate in Winnipeg, in the Manitoba 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 Winnipeg has had a strong fall during the last 6 months. In August, the average price per sq.feet was $181.69. In the following month the price per sq.feet fell considerably to $54.3. The price for the following two months in (October, November) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable fall of 3 % 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 $59.81 to $1.63 during December, and January.
When referring to the price in Winnipeg (cities), this has risen in the last 6 months. The rent price in August is $1,287, rising in September till $1,380. In the following two months the average price has hardly changed with regard to the previous two months from $1,333.5 to $1,380. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,356.75 and $1,313 between December and January.
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 $1,288 they are 11 % more affordable than the average price for Winnipeg . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,575.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.66 / sq.feet price in Winnipeg. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.57 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,288 it is 11 % more affordable than the average price in Winnipeg. "Office" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $1,361 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $224 / sq.feet followed by "Office" priced at $530 / sq.feet. "Apartment" is the most expensive type of property with a $864 / sq.feet value followed by "Condo" with an average price of $539 / sq.feet.