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.
Heritage Woods Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Heritage Woods is number 28 putting it ahead of most neighbourhoods .
While the median for Alberta is $375,000 , which means that Heritage Woods’s median price is $1,287,000 considerably better than the rest of the province.
From our data, it appears that neighbourhood is number 792th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
It’s never an exact art, but to try to forecast how property is going to appreciate in Heritage Woods for investors, it’s important to look at data like:
In Heritage Woods, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
When looking across the province, Heritage Woods is the 1st most expensive in Alberta.
In Aug the median listed house price of $879,000 in Heritage Woods was an impressive compared to the rest of Alberta.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Heritage Woods will hopefully provide an indicator to help you where to research in-depth
In Heritage Woods, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
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