The rent prices in real estate in Winnipeg, in the Manitoba region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Winnipeg has fallen during the last 6 months. In December, the average price per sq.feet was $535.33. In January this price barely changed remaining at $540.83 per sq.feet. The price for the following two months in (February, March) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has had a considerable rise of 163 % 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 $396.11 to $646.84 during April, and May.
When referring to the price in Winnipeg (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $1,365. In January This price remains at $1,365. During the following two months (February, March) the average price had a considerable fall of 48 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 132 % during the last two months.
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 $1,314 they are 17 % more affordable than the average price for Winnipeg . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,630.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.33 / sq.feet, with an average $566.06 / sq.feet price in Winnipeg. The properties with the most affordable average prices have 4 bedrooms. They are 100 % more affordable than the average followed by properties with 1 bedroom with a price at $1.72 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,314 it is 12 % more affordable than the average price in Winnipeg. "Condo" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Commercial". At a price of $1,359 it is 9 % 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 $182.02 / sq.feet followed by "Commercial" priced at $538 / sq.feet. "Apartment" is the most expensive type of property with a $967.76 / sq.feet value followed by "Condo" with an average price of $632 / sq.feet.