Debt service ratio is essentially the ratio between your income and your debt payments. This ratio is important because it’s a simple way to measure how effectively you can handle your payments.
Bloomfield Home Price
Bloomfield was Canada’s 4409th most expensive suburb by listed median house price this month.
In Nov the median listed house price of $69,450 in Bloomfield was relatively low compared to the rest of Prince Edward Island.
According to our stats, Bloomfield is the neighbourhood that has the 133th most properties available to real estate investors in Prince Edward Island.
Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
When we look at the data we have, it can help with trying to establish whether or not Bloomfield is a good investment target.
If you are looking at investment properties in Bloomfield, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media