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.
Stratford Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Stratford is number 2403 putting it in the top half of the country .
In Aug the median listed house price of $229,000 in Stratford was an above average compared to the rest of Prince Edward Island.
If you’re looking at investment properties in Stratford, then you’re most likely to find homes with 3 bedrooms on sale this month.
There are 218 neighbourhoods that have more properties on sale than Stratford at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Stratford will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Stratford is number 698 putting it in the bottom half of the country .
While the median for Prince Edward Island is $219,900 , which means that Stratford’s median price is $179,450 below average than the rest of the province.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 402th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
When we look at the data we have, it can help with trying to establish whether or not Stratford is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Stratford, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 10.
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