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.
Labelle Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Labelle is number 2258 putting it in the top half of the country .
In Aug the median listed house price of $239,000 in Labelle was an impressive compared to the rest of Quebec.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Can we guarantee how well Labelle 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.
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 Labelle have dried up which would tend to indicate that demand is higher than the supply of new properties.
Canada’s national median home listing price this month is $244,900, which means that Labelle is in the bottom 40% for Canada.
When our research team crunched the numbers we calculated that Labelle has a median home price of $169,000.
Investors looking for properties in Labelle are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
According to our stats, Labelle is the neighbourhood that has the 219th most properties available to real estate investors in Quebec.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Labelle will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Labelle, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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