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.
Springbrook Home Price
Want a cheaply priced house? Then at $309,900 this month, Springbrook, Prince Edward Island is definitely not for you price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jun this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 4155th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
When we look at the data we have, it can help with trying to establish whether or not Springbrook is a good investment target.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Springbrook 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.
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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