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.
Belle Plaine Home Price
The $399,000 price tag on the median Belle Plaine home means that it is quite highly priced by Canadian standards.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Belle Plaine has a pretty average amount compared to the rest of the province
Is Belle Plaine a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Belle Plaine, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 5.
In Belle Plaine, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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