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.
Moffet Home Price
Canada’s national median home listing price this month is $290,900, which means that Moffet is in the cheapest 20% for Canada.
In Aug the median listed house price of $119,000 in Moffet was relatively low compared to the rest of Quebec.
Moffet’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Moffet will hopefully provide an indicator to help you where to research in-depth
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 Moffet, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 9, this month we show 13.
Can we guarantee how well Moffet 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Moffet there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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