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.
Avonlea Home Price
Across the country as a whole, Avonlea is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Saskatchewan is $279,000 , which means that Avonlea’s median price is $152,950 below average than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 3521th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Avonlea 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.
Over the last three months in Avonlea, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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.
When we look at the data we have, it can help with trying to establish whether or not Avonlea is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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