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.
Béarn Home Price
When looking across the province, Béarn is the 802th most expensive in Quebec.
The median house price listed in Béarn this month is $139,000.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 6.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Béarn will hopefully provide an indicator to help you where to research in-depth
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 Béarn, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 3.
Quebec has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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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