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.
Emerald Park Home Price
Across the country as a whole, Emerald Park is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
Emerald Park, Saskatchewan has a median house price of $554,500 when compiling all the home listings in Aug .
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.
There are 357 neighbourhoods that have more properties on sale than Emerald Park at the moment in Saskatchewan which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Is Emerald Park a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Emerald Park have dried up which would tend to indicate that demand is higher than the supply of new properties.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Emerald Park 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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