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.
Lumsden Home Price
When looking across the province, Lumsden is the 13th most expensive in Saskatchewan.
Want a cheaply priced house? Then at $449,900 this month, Lumsden, Saskatchewan is definitely not for you price wise.
Investors looking for properties in Lumsden are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
According to our stats, Lumsden is the neighbourhood that has the 66th most properties available to real estate investors in Saskatchewan.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lumsden will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When looking across the province, Lumsden is the 2nd most expensive in Saskatchewan.
Lumsden, Saskatchewan has a median house price of $374,450 when compiling all the home listings in Aug .
Across Saskatchewan Lumsden has the 31th most properties on offer with 46.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lumsden for investors, it’s important to look at data like:
In Lumsden, 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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