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.
Chicoutimi Home Price
The $199,000 price tag on the median Chicoutimi home means that it is about average price.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
Across Quebec Chicoutimi has the 9th most properties on offer with 1047.
As one of Quebec’s many potential real estate investment neighbourhoods, Chicoutimi 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.
In Chicoutimi, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
The median house price listed in Chicoutimi this month is $179,000.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 453 neighbourhoods that have more properties on sale than Chicoutimi at the moment in Quebec which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Chicoutimi is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Chicoutimi there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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