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.
Kinross Home Price
Kinross was Canada’s 3760th most expensive suburb by listed median house price this month.
With Kinross’s median house price at $131,200 in Nov , it is below average compared to the rest of Prince Edward Island.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Across Prince Edward Island Kinross has the 133th most properties on offer with 214.
Is Kinross a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Kinross there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Kinross 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.
If you are looking at investment properties in Kinross, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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