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.
Sutton Home Price
The median asking price in Sutton is $368,000, a substantial increase over the median three months ago which was $329,000 .
The median house price listed in Sutton this month is $368,000.
How big are the houses being sold in Sutton? This month there are 3 one bedroom 6 two bedroom 40 three bedroom 20 four bedroom 9 five bedroom homes on the market.
Across Quebec Sutton has the 115th most properties on offer with 1047.
Can we guarantee how well Sutton 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Sutton, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 93, this month we show 81.
Across the country as a whole, Sutton is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Quebec is $198,000 , which means that Sutton’s median price is $167,000 below 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 108th neighbourhoods in Quebec, and Sutton has the 108th most choice available for real estate investors.
Will prices rise across the next year in in Sutton? There are a number of real estate indicators to consider.
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 Sutton have stayed pretty much the same which would tend to indicate that demand is steady.
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