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.
Burstall Home Price
With a median listing price of $72,499, Burstall is Canada’s 5002th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Burstall has a median home price of $72,499.
If you’re looking at investment properties in Burstall, then you’re most likely to find homes with 4 bedrooms on sale this month.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Burstall has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Burstall is a good investment target.
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 Burstall, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 13, this month we show 14.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Burstall will hopefully provide an indicator to help you where to research in-depth
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Burstall have stayed pretty much the same which would tend to indicate that demand is steady.
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