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 Royal Home Price
Across the country as a whole, Mount Royal is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $282,450 this month, Mount Royal, Prince Edward Island is definitely not for you price wise.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
When we look at the data we have, it can help with trying to establish whether or not Mount Royal is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Mount Royal, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
Is Mount Royal a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Mount Royal, 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.
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