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.
Primrose Home Price
While the median for Prince Edward Island is $177,700 , which means that Primrose’s median price is $74,499 a lot lower than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Nov this neighbourhood’s most common listing the same as the national average.
From our data, it appears that neighbourhood is number 3849th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Primrose will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Primrose, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Nov this neighbourhood’s most common listing the same as the national average.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Primrose there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media