The average rent price in the New Brunswick region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in New Brunswick has fallen considerably in the last 6 months. During April, the average price per sq.feet was $194.96. The following month (May) the price had a considerable fall reaching $87.15 per sq.feet. The following two months (June, July) went through a rise of 110 % in the rent price per sq.feet rising from $141.05 to $155.38 per sq.feet. In the last two months, the price per sq.feet has had a significant fall of 36 %. This has been obtained by comparing the price of $148.22 for the first four months of the sample with regard to the previous 4 months and the price of $53.41 per sq.feet for the last two months (August, September).
When referring to the price in New Brunswick(region), there have hardly been any changes in the last 6 months. April has an average price of $1,106. During Maythe price had a slight fall till $991. In the following two months the average price practically remained the same compared to the previous two going from $1,048.5 to $1,099. During the last two months the average price has not gone through any changes and has gone from $1,073.75 to $1,110.5 during August and September.
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 12 % cheaper than the average price in New Brunswick followed by those with 4 with an average price of $1,075. The most expensive properties have 3 bedrooms. They are 38 % more expensive than the average followed by those properties with 2 bedrooms priced at $1,185.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.67 / sq.feet being $1.33 / sq.feet the average for New Brunswick. The properties with the highest average price are those with 1 bedroom. These are 44 % more expensive than the average followed by those with 2 bedrooms with a price of $1.4 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,066 it is 0 % cheaper than the average in New Brunswick. This is followed by "Apartment" with a cost of $1,067. The most expensive property type is "Land" and is 33 % more costly than the average, followed by "Office" with a cost of $1,128.
Based upon the average cost per sq.feet the most expensive property type is "House with a an average price of $1.34 / sq.feet, followed by "Land" with a price of $164 / sq.feet. "Office" with an average price of $628 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $624 / sq.feet.