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.
Morse Home Price
Across the country as a whole, Morse is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $67,500 in Morse was relatively low compared to the rest of Saskatchewan.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Morse has not many at all compared to the rest of the province
Saskatchewan has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Morse, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Morse will hopefully provide an indicator to help you where to research in-depth
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 Morse have stayed pretty much the same which would tend to indicate that demand is steady.
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