The rent prices in real estate in Montreal, in the Quebec 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 Montreal has fallen during the last 6 months. In September, the average price per sq.feet was $2.84. In October this price barely changed remaining at $2.75 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.8 to $2.78 per sq.feet. The price per sq.feet has had a considerable fall of 85 % 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 $2.79 to $2.37 during January, and February.
When referring to the price in Montreal (cities), there have hardly been any changes in the last 6 months. The rent price in September is $1,926, rising in October till $2,043. During the following two months (November, December) the price has had an average rise from $1,984.5 to $2,089.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,037 to $1,523, which means a 75 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,541 they are 7 % more expensive than the average price for Montreal. Following this ranking we find those properties with 2 at an average price of $2,146. The properties with the highest average price have 4 bedrooms, Their price is 101 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,697.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $2.76 / sq.feet, with an average $2.34 / sq.feet price in Montreal. The properties with the most expensive average prices have 4 bedrooms. They are 328 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.37 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,541 it is 22 % more expensive than the average price in Montreal. "Duplex" is seen as the second most expensive property type. The most expensive property type is "Condo" followed by "". At a price of $2,411 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2.9 / sq.feet followed by "Condo" priced at $19.56 / sq.feet. "Duplex" is the most expensive type of property with a $37.6 / sq.feet value followed by "Condo" with an average price of $19.56 / sq.feet.