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.
Priest Pond Home Price
Across the country as a whole, Priest Pond is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
Priest Pond, Prince Edward Island has a median house price of $199,900 when compiling all the home listings in May .
Priest Pond’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Prince Edward Island has the fourth least amount of properties available to property investors, with Priest Pond having 135th most in the province, out of a total of 197.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Priest Pond 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.
If you are looking at investment properties in Priest Pond, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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.
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 Priest Pond have stayed pretty much the same which would tend to indicate that demand is steady.
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