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.
Mayfield Home Price
Canada’s national median home listing price this month is $290,900, which means that Mayfield is in the bottom 40% for Canada.
While the median for Prince Edward Island is $179,600 , which means that Mayfield’s median price is $179,450 below average than the rest of the province.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Mayfield has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Mayfield is a good investment target.
Over the last three months in Mayfield, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Mayfield will hopefully provide an indicator to help you where to research in-depth
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 Mayfield have stayed pretty much the same which would tend to indicate that demand is steady.
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