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.
Marquis Home Price
When our research team crunched the numbers we calculated that Marquis has a median home price of $282,500.
From our data, it appears that neighbourhood is number 4155th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Is Marquis a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Marquis, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Marquis 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 Marquis have stayed pretty much the same which would tend to indicate that demand is steady.
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