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.
Mortlach Home Price
The median asking price in Mortlach is $139,950, less than the median three months ago which was $135,000 .
With Mortlach’s median house price at $139,950 in Aug , it is below average compared to the rest of Saskatchewan.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Across Saskatchewan Mortlach has the 204th most properties on offer with 357.
Is Mortlach a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Mortlach, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
When we look at the data we have, it can help with trying to establish whether or not Mortlach is a good investment target.
If you are looking at investment properties in Mortlach, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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