Property prices for rent in Manitoba region
The average rent price in the Manitoba region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Manitoba has risen in the last 6 months. During October, the average price per sq.feet was $1.77. In November the price barely changed remaining at $1.8 per sq.feet. The price per sq.feet for the following two months barely changed going from $1.78 to $1.85 per sq.feet. In the last two months, the price per sq.feet has risen 107 %. This has been obtained by comparing the price $1.82 for the first four months of the sample with regard to the previous 4 months and the price $1.94 per sq.feet for the last two months (February, March).
When referring to the price in Manitoba(region), this has risen considerably in the last 6 months. The average rent price in October is $1,081. In November the price rose to $1,214. The average price for the following two months (December, January) rose from $1,147.5 to $1,309.5. During the last two months the price has had a considerable rise of 118 % with respect to the previous four months going from $1,228.5 a $1,448.5.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 10 % cheaper than the average price in Manitoba followed by those with 3 with an average price of $1,625. The most expensive properties have 4 bedrooms. They are 35 % more expensive than the average followed by those properties with 2 bedrooms priced at $1,641.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.52 / sq.feet being $1.85 / sq.feet the average for Manitoba. The properties with the highest average price are those with 4 bedrooms. These are 60 % more expensive than the average followed by those with 1 bedroom with a price of $2.4 / sq.feet.
The graph displaying the average rent price according to the property type shows "Condo" as the most affordable one. With an average cost of $1,469 it is 38 % cheaper than the average in Manitoba. This is followed by "" with a cost of $1,190. The most expensive property type is "House" and is 7 % more costly than the average, followed by "Land" with a cost of $1,391.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $0.86 / sq.feet, followed by "Land" with a price of $1.53 / sq.feet. "Farm" with an average price of $495 / sq.feet is the most expensive type of property followed by "House" at a price of $2.05 / sq.feet.
