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.
Brae Home Price
Canada’s national median home listing price this month is $290,900, which means that Brae is in the cheapest 20% for Canada.
With Brae’s median house price at $94,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Prince Edward Island.
Across Prince Edward Island Brae has the 87th most properties on offer with 218.
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.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Brae will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Brae, 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.
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