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.
St-Raphaël Home Price
St-Raphaël was Canada’s 2558th most expensive suburb by listed median house price this month.
The median house price listed in St-Raphaël this month is $179,900.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
This month we track 111th neighbourhoods in Prince Edward Island, and St-Raphaël has the 111th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not St-Raphaël is a good investment target.
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.
Can we guarantee how well St-Raphaël is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in St-Raphaël 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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