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.
Raymore Home Price
Raymore was Canada’s 2921th most expensive suburb by listed median house price this month.
While the median for Saskatchewan is $269,900 , which means that Raymore’s median price is $199,000 below average than the rest of the province.
Raymore’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Can we guarantee how well Raymore 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.
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Raymore will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Raymore there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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