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.
Mermaid Home Price
With Mermaid’s median house price at $224,925 in Aug , it is above average compared to the rest of Prince Edward Island.
If you’re looking at investment properties in Mermaid, then you’re most likely to find homes with 4 bedrooms on sale this month.
Prince Edward Island has the fourth least amount of properties available to property investors, with Mermaid having 28th most in the province, out of a total of 218.
Can we guarantee how well Mermaid 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mermaid there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Mermaid for investors, it’s important to look at data like:
In Mermaid, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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