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.
Brownsburg-Chatham Home Price
Canada’s national median home listing price this month is $290,900, which means that Brownsburg-Chatham is in the bottom 40% for Canada.
The $165,000 price tag on the median Brownsburg-Chatham home means that it is below the national norm.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, Brownsburg-Chatham is the neighbourhood that has the 74th most properties available to real estate investors in Quebec.
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.
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 Brownsburg-Chatham, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 162, this month we show 131.
While the median for Quebec is $198,000 , which means that Brownsburg-Chatham’s median price is $152,000 a lot lower than the rest of the province.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
In Brownsburg-Chatham, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
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