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.
Leroy Home Price
With Leroy’s median house price at $175,000 in Aug , it is about average compared to the rest of Saskatchewan.
Investors looking for properties in Leroy are most likely to find 3 bedroom homes on offer this month, with 5 bedroom potential investment properties the second most popular.
Saskatchewan has the sixth most amount of properties available to property investors, with Leroy having 183th most in the province, out of a total of 357.
Can we guarantee how well Leroy 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 Leroy, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 5, this month we show 5.
It’s never an exact art, but to try to forecast how property is going to appreciate in Leroy for investors, it’s important to look at data like:
Over the last three months in Leroy, 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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