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.
Montmagny Home Price
The median asking price in Montmagny is $199,450, pretty close to the median three months ago which was $209,000 .
The $199,450 price tag on the median Montmagny home means that it is about average price.
If you’re looking at investment properties in Montmagny, then you’re most likely to find homes with 3 bedrooms on sale this month.
This month we track 190th neighbourhoods in Quebec, and Montmagny has the 190th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Montmagny is a good investment target.
If you are looking at investment properties in Montmagny, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Canada’s national median home listing price this month is $244,900, which means that Montmagny is in the cheapest 20% for Canada.
The $144,000 price tag on the median Montmagny home means that it is very cheap in comparison to the rest of the nation.
As one of Quebec’s many potential real estate investment neighbourhoods, Montmagny 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.
If you are looking at investment properties in Montmagny, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Corresponding census subdivisions are provided for the following place names where data is not available.
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