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.
Sept-Îles Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Sept-Îles is number 2363 putting it in the top half of the country .
While the median for Quebec is $224,900 , which means that Sept-Îles’s median price is $229,949 better than average than the rest of the province.
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.
This month we track 25th neighbourhoods in Quebec, and Sept-Îles has the 25th most choice available for real estate investors.
Can we guarantee how well Sept-Îles 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 increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Across the country as a whole, Sept-Îles is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $279,000 price tag on the median Sept-Îles home means that it is above the cost of most houses in the country.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Sept-Îles has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Sept-Îles is a good investment target.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
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