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 Buchanan Home Price
With a median listing price of $389,000, Mount Buchanan is Canada’s 822th most expensive when ordered by median listing price.
With Mount Buchanan’s median house price at $389,000 in Aug , it is high priced compared to the rest of Prince Edward Island.
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.
There are 218 neighbourhoods that have more properties on sale than Mount Buchanan at the moment in Prince Edward Island which puts the neighbourhood middle range when looking at the number of properties to choose from.
Is Mount Buchanan a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Mount Buchanan have increased which would tend to indicate that demand is not as high as supply.
Prince Edward Island 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.
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