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.
Preeceville Home Price
Canada’s national median home listing price this month is $290,900, which means that Preeceville is in the cheapest 20% for Canada.
While the median for Saskatchewan is $269,900 , which means that Preeceville’s median price is $84,950 a lot lower than the rest of the province.
Saskatchewan has the sixth most amount of properties available to property investors, with Preeceville having 70th most in the province, out of a total of 357.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Preeceville 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Preeceville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Is Preeceville a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media