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.
Pembroke Home Price
Across the country as a whole, Pembroke is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Prince Edward Island is $169,999 , which means that Pembroke’s median price is $189,950 below average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Dec this neighbourhood’s most common listing has properties with fewer bedrooms.
Prince Edward Island has the fifth least amount of properties available to property investors, with Pembroke having 114th most in the province, out of a total of 186.
When we look at the data we have, it can help with trying to establish whether or not Pembroke 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.
Prince Edward Island 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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