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.
Pleasant Grove Home Price
Canada’s national median home listing price this month is $290,900, which means that Pleasant Grove is in the top 40% for Canada.
When our research team crunched the numbers we calculated that Pleasant Grove has a median home price of $267,400.
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.
This month we track 140th neighbourhoods in Prince Edward Island, and Pleasant Grove 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 Pleasant Grove is a good investment target.
Over the last three months in Pleasant Grove, housing stock available seems to be falling – this could mean that homes values might increase faster.
Can we guarantee how well Pleasant Grove 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 Pleasant Grove there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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