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.
Vernon Bridge Home Price
Vernon Bridge was Canada’s 112th most expensive suburb by listed median house price this month.
With Vernon Bridge’s median house price at $804,950 in Aug , it is high priced compared to the rest of Prince Edward Island.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
When we look at the data we have, it can help with trying to establish whether or not Vernon Bridge is a good investment target.
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.
Is Vernon Bridge a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Vernon Bridge, 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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