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.
Les Cèdres Home Price
In Aug the median listed house price of $275,213 in Les Cèdres was an impressive compared to the rest of Quebec.
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.
Across Quebec Les Cèdres has the 156th most properties on offer with 1047.
Can we guarantee how well Les Cèdres 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 Les Cèdres, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 92, this month we show 65.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Les Cèdres is number 714 putting it in the bottom half of the country .
In Aug the median listed house price of $176,950 in Les Cèdres was a below average compared to the rest of Quebec.
Quebec has the most amount of properties available to property investors, with Les Cèdres having 172th most in the province, out of a total of 453.
It’s never an exact art, but to try to forecast how property is going to appreciate in Les Cèdres for investors, it’s important to look at data like:
In Les Cèdres, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
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