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.
Leoville Home Price
Across the country as a whole, Leoville is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $102,000 price tag on the median Leoville home means that it is very cheap in comparison to the rest of the nation.
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.
There are 218 neighbourhoods that have more properties on sale than Leoville at the moment in Prince Edward Island which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Leoville 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
When we look at the data we have, it can help with trying to establish whether or not Leoville is a good investment target.
If you are looking at investment properties in Leoville, 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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