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.
Prévost Home Price
With Prévost’s median house price at $279,000 in Aug , it is high priced compared to the rest of Quebec.
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.
There are 1047 neighbourhoods that have more properties on sale than Prévost at the moment in Quebec which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Can we guarantee how well Prévost 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.
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 Prévost have dried up which would tend to indicate that demand is higher than the supply of new properties.
When looking across the province, Prévost is the 296th most expensive in Quebec.
In Aug the median listed house price of $167,500 in Prévost was a below average compared to the rest of Quebec.
Investors looking for properties in Prévost are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
Across Quebec Prévost has the 151th most properties on offer with 453.
When we look at the data we have, it can help with trying to establish whether or not Prévost is a good investment target.
Over the last three months in Prévost, housing stock available seems to be falling – this could mean that homes values might increase faster.
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