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 Vancouver Home Price
With a median listing price of $1,288,000, North Vancouver is Canada’s 27th most expensive when ordered by median listing price.
The $1,288,000 price tag on the median North Vancouver home means that it is quite highly priced by Canadian standards.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 359 neighbourhoods that have more properties on sale than North Vancouver at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
British Columbia 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.
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 Vancouver have dried up which would tend to indicate that demand is higher than the supply of new properties.
The median asking price in North Vancouver is $598,000, a substantial increase over the median three months ago which was $522,400 .
When our research team crunched the numbers we calculated that North Vancouver has a median home price of $598,000.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
British Columbia has the third most amount of properties available to property investors, with North Vancouver having 10th most in the province, out of a total of 124.
As one of British Columbia’s many potential real estate investment neighbourhoods, North Vancouver 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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