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.
Cumberland Home Price
Across the country as a whole, Cumberland is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $199,000 in Cumberland was an above average compared to the rest of Prince Edward Island.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 2904th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
Is Cumberland a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Cumberland, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cumberland will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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