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.
Pilot Butte Home Price
Across the country as a whole, Pilot Butte is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $399,900 in Pilot Butte was an impressive compared to the rest of Saskatchewan.
Can we guarantee how well Pilot Butte 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.
If you are looking at investment properties in Pilot Butte, 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 Pilot Butte is in the top 40% for Canada.
In Aug the median listed house price of $264,900 in Pilot Butte was an above 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.
This month we track 20th neighbourhoods in Saskatchewan, and Pilot Butte has the 20th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Pilot Butte will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Pilot Butte, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
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