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.
Union Corner Home Price
When looking across the province, Union Corner is the 158th most expensive in Prince Edward Island.
The $139,450 price tag on the median Union Corner home means that it is very cheap in comparison to the rest of the nation.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, Union Corner is the neighbourhood that has the 140th most properties available to real estate investors in Prince Edward Island.
It’s never an exact art, but to try to forecast how property is going to appreciate in Union Corner for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Union Corner will hopefully provide an indicator to help you where to research in-depth
In Union Corner, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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