The average rent price in the Newfoundland And Labrador region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Newfoundland And Labrador has risen considerably in the last 6 months. During September, the average price per sq.feet was $1.05. The following month (October) the price rose to $1.17 per sq.feet. The following two months (November, December) went through a rise of 111 % in the rent price per sq.feet rising from $1.11 to $1.23 per sq.feet. In the last two months, the price per sq.feet has risen 109 %. This has been obtained by comparing the price $1.17 for the first four months of the sample with regard to the previous 4 months and the price $1.27 per sq.feet for the last two months (January, February).
When referring to the price in Newfoundland And Labrador(region), this has risen considerably in the last 6 months. The average rent price in September is $873. In October the price rose to $996. The price in the following months (November, December) had a strong rise of 119 % going from $934.5 to $1,110.5. During the last two months the price has had a considerable rise of 119 % with respect to the previous four months going from $1,022.5 a $1,215.5.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most expensive ones. They are 51 % more costly than the average price in Newfoundland And Labrador followed by those properties with 3 with an average price of $1,953. The most expensive properties have 4 bedrooms. They are 82 % more expensive than the average followed by those properties with 2 bedrooms priced at $2,123.
Based upon the average prices per sq.feet, those properties with 1 bedroom are 19 % more affordable than the average ($1 / sq.feet) in Newfoundland And Labrador. The properties with the lowest bedrooms / sq.feet price are those with 1 bedroom. They are 19 % more affordable than the average aforementioned.
The graph displaying the average rent price according to the property type shows "Condo" as the most affordable one. With an average cost of $1,207 it is 1 % cheaper than the average in Newfoundland And Labrador. This is followed by "Office" with a cost of $1,205. The most expensive property type is "House" and is 79 % more costly than the average, followed by "" with a cost of $1,326.
Based upon the average cost per sq.feet the most affordable property type is "House with a an average price of $1 / sq.feet, followed by "Apartment" with a price of $830 / sq.feet. "Office" with an average price of $871 / sq.feet is the most expensive type of property followed by "Condo" at a price of $866 / sq.feet.