Property prices for rent in Waterloo (Ontario)
The rent prices in real estate in Waterloo, 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 Waterloo has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.79. In the following month the price per sq.feet fell to $3.54. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 68 % 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 $3.41 to $2.33 during February, and March.
When referring to the price in Waterloo (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,213. In November This price remains at $2,278. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,124.75 to $1,506, which means a 71 % 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 $1,377 they are 40 % more expensive than the average price for Waterloo. Following this ranking we find those properties with 4 at an average price of $2,175. The properties with the highest average price have 3 bedrooms, Their price is 113 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,314.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.85 / sq.feet, with an average $2.21 / sq.feet price in Waterloo. The properties with the most expensive average prices have 4 bedrooms. They are 79 % more expensive than the average followed by properties with 1 bedroom with a price at $3.29 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,377 it is 2 % more affordable than the average price in Waterloo. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $2,126 it is 79 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Condo" priced at $2.55 / sq.feet. "House" is the most expensive type of property with a $2.92 / sq.feet value followed by "Condo" with an average price of $2.55 / sq.feet.
