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.
La Prairie Home Price
Canada’s national median home listing price this month is $290,900, which means that La Prairie is close to average for Canada.
With La Prairie’s median house price at $199,000 in Aug , it is above average compared to the rest of Quebec.
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.
From our data, it appears that neighbourhood is number 2634th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
It’s never an exact art, but to try to forecast how property is going to appreciate in La Prairie for investors, it’s important to look at data like:
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 La Prairie, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 155, this month we show 6.
Across the country as a whole, La Prairie is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $174,900 price tag on the median La Prairie home means that it is below the national norm.
If you’re looking at investment properties in La Prairie, then you’re most likely to find homes with 2 bedrooms on sale this month.
This month we track 58th neighbourhoods in Quebec, and La Prairie has the 58th most choice available for real estate investors.
Over the last three months in La Prairie, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
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