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.
Cape Traverse Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Cape Traverse is number 2258 putting it in the top half of the country .
The $239,000 price tag on the median Cape Traverse home means that it is about average price.
According to our stats, Cape Traverse is the neighbourhood that has the 36th most properties available to real estate investors in Prince Edward Island.
Can we guarantee how well Cape Traverse is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Cape Traverse, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Cape Traverse 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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