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.
Park Corner Home Price
With a median listing price of $229,450, Park Corner is Canada’s 2397th most expensive when ordered by median listing price.
With Park Corner’s median house price at $229,450 in Aug , it is above average compared to the rest of Prince Edward Island.
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.
This month we track 140th neighbourhoods in Prince Edward Island, and Park Corner has the 140th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Park Corner is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
It’s never an exact art, but to try to forecast how property is going to appreciate in Park Corner for investors, it’s important to look at data like:
Over the last three months in Park Corner, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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