The rent prices in real estate in Quebec City, in the Quebec 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 Quebec City has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.66. In the following month the price per sq.feet fell considerably to $1.99. In the following two months the price per sq.feet has practically remained the same, going from $2.33 to $2.4 per sq.feet. The price per sq.feet has fallen 92 % 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 $2.37 to $2.18 during February, and March.
When referring to the price in Quebec City (cities), this has risen in the last 6 months. The rent price in October is $1,475, rising in November till $1,586. In the following two months the average price has hardly changed with regard to the previous two months from $1,530.5 to $1,554.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,542.5 and $1,608.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,665 they are 15 % more affordable than the average price for Quebec City . The properties with the lowest average price have 4 bedrooms, Their price is 0 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,600.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.79 / sq.feet, with an average $2.12 / sq.feet price in Quebec City. The properties with the most expensive average prices have 1 bedroom. They are 71 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.93 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,665 it is 42 % more affordable than the average price in Quebec City. "Bungalow" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,473 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.66 / sq.feet followed by "House" priced at $2.21 / sq.feet. "Bungalow" is the most expensive type of property with a $154 / sq.feet value followed by "Townhouse" with an average price of $114 / sq.feet.