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.
Sainte-Sophie Home Price
Sainte-Sophie was Canada’s 2504th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Sainte-Sophie has a median home price of $222,394.
Sainte-Sophie’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 1047 neighbourhoods that have more properties on sale than Sainte-Sophie at the moment in Quebec which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Sainte-Sophie will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Sainte-Sophie, 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.
When looking across the province, Sainte-Sophie is the 74th most expensive in Quebec.
While the median for Quebec is $198,000 , which means that Sainte-Sophie’s median price is $249,000 better than average than the rest of the province.
Sainte-Sophie’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
There are 453 neighbourhoods that have more properties on sale than Sainte-Sophie at the moment in Quebec which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Can we guarantee how well Sainte-Sophie 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 Sainte-Sophie have dried up which would tend to indicate that demand is higher than the supply of new properties.
Corresponding census subdivisions are provided for the following place names where data is not available.
“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