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.
St. Louis Home Price
When looking across the province, St. Louis is the 149th most expensive in Saskatchewan.
In Aug the median listed house price of $217,400 in St. Louis was an above average compared to the rest of Saskatchewan.
Saskatchewan has the sixth most amount of properties available to property investors, with St. Louis having 303th most in the province, out of a total of 357.
When we look at the data we have, it can help with trying to establish whether or not St. Louis is a good investment target.
If you are looking at investment properties in St. Louis, 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.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, St. Louis 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.
If you are looking at investment properties in St. Louis, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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