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.
Gravelbourg Home Price
The median asking price in Gravelbourg is $89,000, quite a drop from the median three months ago which was $110,450 .
The $89,000 price tag on the median Gravelbourg home means that it is very cheap in comparison to the rest of the nation.
Investors looking for properties in Gravelbourg are most likely to find 2 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
This month we track 90th neighbourhoods in Saskatchewan, and Gravelbourg has the 90th most choice available for real estate investors.
Will prices rise across the next year in in Gravelbourg? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Gravelbourg 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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