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.
Darnley Home Price
When looking across the province, Darnley is the 139th most expensive in Prince Edward Island.
Darnley, Prince Edward Island has a median house price of $154,450 when compiling all the home listings in Aug .
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
When we look at the data we have, it can help with trying to establish whether or not Darnley is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Darnley there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Darnley 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.
Over the last three months in Darnley, 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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