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.
Katepwa Beach Home Price
When looking across the province, Katepwa Beach is the 20th most expensive in Saskatchewan.
The median house price listed in Katepwa Beach this month is $422,000.
Katepwa Beach’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Will prices rise across the next year in in Katepwa Beach? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Katepwa Beach there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Katepwa Beach 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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