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.
Peterborough Home Price
The median asking price in Peterborough is $299,900, an improvement on the median three months ago which was $289,900 .
The $299,900 price tag on the median Peterborough home means that it is above the cost of most houses in the country.
Investors looking for properties in Peterborough are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
This month we track 26th neighbourhoods in Ontario, and Peterborough has the 26th 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 Peterborough is a good investment target.
Over the last three months in Peterborough, housing stock available seems to be falling – this could mean that homes values might increase faster.
Canada’s national median home listing price this month is $244,900, which means that Peterborough is in the top 40% for Canada.
Want a cheaply priced house? Then at $299,000 this month, Peterborough, Ontario is probably not for you price wise.
There are 196 neighbourhoods that have more properties on sale than Peterborough at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
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