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.
Milton Station Home Price
The median asking price in Milton Station is $175,000, less than the median three months ago which was $187,250 .
With Milton Station’s median house price at $175,000 in Aug , it is about average compared to the rest of Prince Edward Island.
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.
According to our stats, Milton Station is the neighbourhood that has the 140th most properties available to real estate investors in Prince Edward Island.
When we look at the data we have, it can help with trying to establish whether or not Milton Station is a good investment target.
If you are looking at investment properties in Milton Station, 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.
Milton Station was Canada’s 194th most expensive suburb by listed median house price this month.
The $310,000 price tag on the median Milton Station home means that it is quite highly priced by Canadian standards.
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.
Prince Edward Island has the fifth least amount of properties available to property investors, with Milton Station having 8th most in the province, out of a total of 13.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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