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.
Eldon Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Eldon is number 1518 putting it in the top half of the country .
Want a cheaply priced house? Then at $295,000 this month, Eldon, Prince Edward Island is definitely not for you price wise.
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 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
Will prices rise across the next year in in Eldon? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Eldon 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 Aug 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, Eldon 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.
In Eldon, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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