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.
Saint-Cléophas Home Price
With Saint-Cléophas’s median house price at $99,450 in Sep , it is one of the cheapest neighbourhoods compared to the rest of Quebec.
There are 1085 neighbourhoods that have more properties on sale than Saint-Cléophas at the moment in Quebec which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Saint-Cléophas 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.
As one of Quebec’s many potential real estate investment neighbourhoods, Saint-Cléophas 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.
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