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.
Covehead Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Covehead is number 3207 putting it in the bottom half of the country .
The $184,750 price tag on the median Covehead home means that it is below the national norm.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Can we guarantee how well Covehead 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 Covehead, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Covehead for investors, it’s important to look at data like:
Over the last three months in Covehead, 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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