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.
Mount Albion Home Price
While the median for Prince Edward Island is $179,600 , which means that Mount Albion’s median price is $284,350 better than average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
This month we track 140th neighbourhoods in Prince Edward Island, and Mount Albion has the 140th 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 Mount Albion for investors, it’s important to look at data like:
Over the last three months in Mount Albion, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Mount Albion 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.
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