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.
Springfield Home Price
With Springfield’s median house price at $169,350 in Aug , it is about average compared to the rest of Prince Edward Island.
4 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Across Prince Edward Island Springfield has the 63th most properties on offer with 218.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Springfield 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.
Over the last three months in Springfield, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Springfield 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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