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.
Guernsey Home Price
Across the country as a whole, Guernsey is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $257,000 in Guernsey was an above average 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.
This month we track 204th neighbourhoods in Saskatchewan, and Guernsey has the 204th most choice available for real estate investors.
Can we guarantee how well Guernsey is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Guernsey, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 4.
Will prices rise across the next year in in Guernsey? There are a number of real estate indicators to consider.
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