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 West Home Price
The median asking price in Springfield West is $99,000, quite a drop from the median three months ago which was $107,900 .
While the median for Prince Edward Island is $179,600 , which means that Springfield West’s median price is $99,000 a lot lower than the rest of the province.
According to our stats, Springfield West is the neighbourhood that has the 87th most properties available to real estate investors in Prince Edward Island.
Will prices rise across the next year in in Springfield West? There are a number of real estate indicators to consider.
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 Springfield West have dried up which would tend to indicate that demand is higher than the supply of new properties.
It’s never an exact art, but to try to forecast how property is going to appreciate in Springfield West for investors, it’s important to look at data like:
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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