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.
Milo Home Price
Canada’s national median home listing price this month is $314,900, which means that Milo is in the cheapest 20% for Canada.
In Oct the median listed house price of $68,700 in Milo was relatively low compared to the rest of Prince Edward Island.
This month we track 150th neighbourhoods in Prince Edward Island, and Milo has the 150th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Milo for investors, it’s important to look at data like:
Will prices rise across the next year in in Milo? There are a number of real estate indicators to consider.
Over the last three months in Milo, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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