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.
Tracadie Home Price
Tracadie was Canada’s 3058th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $189,900 in Tracadie was an above average compared to the rest of Prince Edward Island.
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.
Is Tracadie a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Tracadie 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Tracadie 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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