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.
Canoe Cove Home Price
When looking across the province, Canoe Cove is the 144th most expensive in Prince Edward Island.
In Aug the median listed house price of $150,250 in Canoe Cove was a below average compared to the rest of Prince Edward Island.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Canoe Cove has a huge choice compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Canoe Cove for investors, it’s important to look at data like:
If you are looking at investment properties in Canoe Cove, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Canoe Cove needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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