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.
Kensington Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Kensington is number 3610 putting it in the bottom half of the country .
The $164,900 price tag on the median Kensington home means that it is below the national norm.
Investors looking for properties in Kensington are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Prince Edward Island has the fourth least amount of properties available to property investors, with Kensington having 6th most in the province, out of a total of 218.
Can we guarantee how well Kensington is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Kensington, 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.
Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Kensington there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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