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.
Northam Home Price
The median house price listed in Northam this month is $137,000.
Northam’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
This month we track 159th neighbourhoods in Prince Edward Island, and Northam has the 159th most choice available for real estate investors.
Can we guarantee how well Northam is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Northam there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Is Northam a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Northam, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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