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.
Brockton Home Price
The median asking price in Brockton is $94,950, quite a drop from the median three months ago which was $98,700 .
In Aug the median listed house price of $94,950 in Brockton was relatively low compared to the rest of Prince Edward Island.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
According to our stats, Brockton is the neighbourhood that has the 155th most properties available to real estate investors in Prince Edward Island.
Is Brockton a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Brockton there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
When we look at the data we have, it can help with trying to establish whether or not Brockton is a good investment target.
Over the last three months in Brockton, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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