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.
Asquith Home Price
Canada’s national median home listing price this month is $290,900, which means that Asquith is in the top 40% for Canada.
The $259,900 price tag on the median Asquith home means that it is above the cost of most houses in the country.
This month we track 61th neighbourhoods in Saskatchewan, and Asquith has the 61th most choice available for real estate investors.
Will prices rise across the next year in in Asquith? There are a number of real estate indicators to consider.
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 Asquith, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 20, this month we show 19.
When looking across the province, Asquith is the 1st most expensive in Saskatchewan.
The median house price listed in Asquith this month is $497,450.
Across Saskatchewan Asquith has the 31th most properties on offer with 46.
It’s never an exact art, but to try to forecast how property is going to appreciate in Asquith for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Asquith 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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