The rent prices in real estate in Kitchener, in the Ontario 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 Kitchener has fallen during the last 6 months. In October, the average price per sq.feet was $2.83. In the following month the price per sq.feet fell considerably to $2.38. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 116 % 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 $2.44 to $2.84 during February, and March.
When referring to the price in Kitchener (cities), this has fallen in the last 6 months. The average price for October is $2,073. During November the price had a slight fall till $1,897. During the following two months (December, January) the average price fell 90 % 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 increased 109 % 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 $2,035 they are 27 % more affordable than the average price for Kitchener . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,913.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.34 / sq.feet, with an average $2.89 / sq.feet price in Kitchener. The properties with the most affordable average prices have 4 bedrooms. They are 10 % more affordable than the average followed by properties with 1 bedroom with a price at $2.43 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,035 it is 44 % more affordable than the average price in Kitchener. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,307 it is 22 % 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 $2.5 / sq.feet followed by "Condo" priced at $2.92 / sq.feet. "Townhouse" is the most expensive type of property with a $7.48 / sq.feet value followed by "Condo" with an average price of $2.92 / sq.feet.