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.
Donaldston Home Price
Across the nation CREW lists data for 5207 neighbourhoods, and this month Donaldston is number 509 putting it ahead of most neighbourhoods .
With Donaldston’s median house price at $471,000 in May , it is high priced compared to the rest of Prince Edward Island.
If you’re looking at investment properties in Donaldston, then you’re most likely to find homes with 4 bedrooms on sale this month.
According to our stats, Donaldston is the neighbourhood that has the 125th most properties available to real estate investors in Prince Edward Island.
It’s never an exact art, but to try to forecast how property is going to appreciate in Donaldston for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Donaldston there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Donaldston 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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