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.
Baie-Comeau Home Price
The median house price listed in Baie-Comeau this month is $159,900.
As one of Quebec’s many potential real estate investment neighbourhoods, Baie-Comeau 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.
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.
Baie-Comeau was Canada’s 89th most expensive suburb by listed median house price this month.
With Baie-Comeau’s median house price at $389,900 in Aug , it is high priced compared to the rest of Quebec.
Baie-Comeau’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Baie-Comeau there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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