The rent prices in real estate in Winnipeg, in the Manitoba region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Winnipeg has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.68. In the following month the price per sq.feet rose to $1.87. In the following two months the price per sq.feet has risen 113 %, going from $1.77 to $2.01 per sq.feet. The price per sq.feet has risen 110 % 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 $1.89 to $2.08 during February, and March.
When referring to the price in Winnipeg (cities), this has risen considerably in the last 6 months. The rent price in October is $1,043, rising in November till $1,172. During the following two months (December, January) the average price had a considerable rise of 119 % 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 had a strong increase of 122 % 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 $1,532 they are 15 % more affordable than the average price for Winnipeg . 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 $1,755.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $2.04 / sq.feet, with an average $1.98 / sq.feet price in Winnipeg. The properties with the most expensive average prices have 4 bedrooms. They are 86 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.83 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,532 it is 22 % more affordable than the average price in Winnipeg. "Condo" is seen as the second most affordable property type. The most expensive property type is "Duplex" followed by "House". At a price of $1,610 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.32 / sq.feet followed by "Duplex" priced at $1.69 / sq.feet. "House" is the most expensive type of property with a $2.2 / sq.feet value followed by "Condo" with an average price of $1.79 / sq.feet.