Property prices for rent in Ottawa (Ontario)
The rent prices in real estate in Ottawa, in the Ontario region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Ottawa has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.69. In November this price barely changed remaining at $3.76 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $3.31 to $2.84 during February, and March.
When referring to the price in Ottawa (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,024. In November This price remains at $1,927. During the following two months (December, January) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from $1,834.5 to $1,561.5 in February and March.
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 $1,555 they are 22 % more expensive than the average price for Ottawa. Following this ranking we find those properties with 2 at an average price of $2,542. The properties with the highest average price have 4 bedrooms, Their price is 116 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,613.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.83 / sq.feet, with an average $2.9 / sq.feet price in Ottawa. The properties with the most expensive average prices have 4 bedrooms. They are 8513 % more expensive than the average followed by properties with 3 bedrooms with a price at $28.38 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,555 it is 36 % more affordable than the average price in Ottawa. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $2,529 it is 79 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $3.48 / sq.feet followed by "House" priced at $3.71 / sq.feet. "Land" is the most expensive type of property with a $241.67 / sq.feet value followed by "House" with an average price of $3.71 / sq.feet.
