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.
Cochin Home Price
When looking across the province, Cochin is the 52th most expensive in Saskatchewan.
With Cochin’s median house price at $334,450 in Aug , it is high priced compared to the rest of Saskatchewan.
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.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Cochin 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.
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 Cochin, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 2.
Is Cochin a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Cochin have stayed pretty much the same which would tend to indicate that demand is steady.
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