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.
Millarville Home Price
The $1,544,500 price tag on the median Millarville home means that it is quite highly priced by Canadian standards.
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.
This month we track 230th neighbourhoods in Alberta, and Millarville has the 230th most choice available for real estate investors.
Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
Can we guarantee how well Millarville 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.
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