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 Îles-de-la-Madeleine Home Price
With a median listing price of $139,900, Les Îles-de-la-Madeleine is Canada’s 4112th most expensive when ordered by median listing price.
Want a cheaply priced house? Then at $139,900 this month, Les Îles-de-la-Madeleine, Quebec is somewhere that you should look at price wise.
If you’re looking at investment properties in Les Îles-de-la-Madeleine, then you’re most likely to find homes with 3 bedrooms on sale this month.
As one of Quebec’s many potential real estate investment neighbourhoods, Les Îles-de-la-Madeleine 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.
In Les Îles-de-la-Madeleine, 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.
Across the country as a whole, Les Îles-de-la-Madeleine is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Quebec is $198,000 , which means that Les Îles-de-la-Madeleine’s median price is $199,900 below average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 453 neighbourhoods that have more properties on sale than Les Îles-de-la-Madeleine at the moment in Quebec which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Les Îles-de-la-Madeleine is a good investment target.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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