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 September, the average price per sq.feet was $838.88. In the following month the price per sq.feet fell considerably to $489.63. The price for the following two months in (November, December) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 84 % 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 $624.27 to $524.55 during January, and February.
When referring to the price in Winnipeg (cities), this has fallen in the last 6 months. The average price for September is $1,492. During October the price had a slight fall till $1,317. In the following two months the average price has hardly changed with regard to the previous two months from $1,404.5 to $1,353. 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 $1,378.75 and $1,335.5 between January and February.
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 $1,306 they are 23 % more affordable than the average price for Winnipeg . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,364.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.2 / sq.feet, with an average $508.27 / sq.feet price in Winnipeg. The properties with the most expensive average prices have 4 bedrooms. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.51 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most expensive one. At an cost of $1,306 it is 4 % more expensive than the average price in Winnipeg. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,363 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $540 / sq.feet followed by "House" priced at $607 / sq.feet. "House" is the most expensive type of property with a $607 / sq.feet value followed by "Commercial" with an average price of $540 / sq.feet.