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.
Caledonia Home Price
When looking across the province, Caledonia is the 181th most expensive in Prince Edward Island.
When our research team crunched the numbers we calculated that Caledonia has a median home price of $92,200.
According to our stats, Caledonia is the neighbourhood that has the 144th most properties available to real estate investors in Prince Edward Island.
It’s never an exact art, but to try to forecast how property is going to appreciate in Caledonia for investors, it’s important to look at data like:
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Caledonia will hopefully provide an indicator to help you where to research in-depth
In Caledonia, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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