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.
Meadowbank Home Price
When looking across the province, Meadowbank is the 146th most expensive in Prince Edward Island.
While the median for Prince Edward Island is $179,000 , which means that Meadowbank’s median price is $113,500 a lot lower than the rest of the province.
This month we track 116th neighbourhoods in Prince Edward Island, and Meadowbank has the 116th most choice available for real estate investors.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Meadowbank 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.
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 Meadowbank have stayed pretty much the same which would tend to indicate that demand is steady.
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.
When we look at the data we have, it can help with trying to establish whether or not Meadowbank is a good investment target.
If you are looking at investment properties in Meadowbank, 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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