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.
Belleterre Home Price
Across the country as a whole, Belleterre is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $172,000 in Belleterre was a below average compared to the rest of Quebec.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Quebec has the second most amount of properties available to property investors, with Belleterre having 746th most in the province, out of a total of 1047.
It’s never an exact art, but to try to forecast how property is going to appreciate in Belleterre for investors, it’s important to look at data like:
If you are looking at investment properties in Belleterre, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
As one of Quebec’s many potential real estate investment neighbourhoods, Belleterre 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Belleterre there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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