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.
Balcarres Home Price
Canada’s national median home listing price this month is $290,900, which means that Balcarres is in the cheapest 20% for Canada.
When our research team crunched the numbers we calculated that Balcarres has a median home price of $129,900.
Saskatchewan has the sixth most amount of properties available to property investors, with Balcarres having 183th most in the province, out of a total of 357.
Is Balcarres a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
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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