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.
Ajax Home Price
The median house price listed in Ajax this month is $583,944.
Ontario has the most amount of properties available to property investors, with Ajax having 48th most in the province, out of a total of 1145.
Will prices rise across the next year in in Ajax? There are a number of real estate indicators to consider.
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.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Ajax is number 227 putting it ahead of most neighbourhoods .
The median house price listed in Ajax this month is $299,450.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
As one of Ontario’s many potential real estate investment neighbourhoods, Ajax 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Ajax have increased which would tend to indicate that demand is not as high as supply.
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