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.
Charlottetown Home Price
Charlottetown, Prince Edward Island has a median house price of $228,000 when compiling all the home listings in Aug .
Charlottetown’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
This month we track 2nd neighbourhoods in Prince Edward Island, and Charlottetown has the 2nd most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Charlottetown is a good investment target.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Charlottetown was Canada’s 253th most expensive suburb by listed median house price this month.
While the median for Prince Edward Island is $219,900 , which means that Charlottetown’s median price is $289,000 considerably better than the rest of the province.
Investors looking for properties in Charlottetown are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
There are 13 neighbourhoods that have more properties on sale than Charlottetown at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Charlottetown will hopefully provide an indicator to help you where to research in-depth
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.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media