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.
North Lake Home Price
North Lake was Canada’s 4467th most expensive suburb by listed median house price this month.
With North Lake’s median house price at $119,000 in Aug , it is below average compared to the rest of Prince Edward Island.
4 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 218 neighbourhoods that have more properties on sale than North Lake at the moment in Prince Edward Island which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not North Lake is a good investment target.
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 North Lake have dried up which would tend to indicate that demand is higher than the supply of new properties.
It’s never an exact art, but to try to forecast how property is going to appreciate in North Lake for investors, it’s important to look at data like:
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