The housing market in Newfoundland & Labrador remains steady this coming winter, showing more resilience than many other provinces.
In early 2025, home sales surged by nearly 29% compared to last year, and while new listings have gradually increased, inventory remains tight — especially in St. John’s, where available homes are well below long-term averages.
On the construction side, housing starts are up by almost 30% year over year, signaling growing confidence among builders and buyers alike.
What This Means for You
- Buyers: Expect some competition and limited options. Getting pre-approved early gives you an advantage.
- Sellers: Low inventory means a great time to list — homes are selling faster and often at strong prices.
- Refinancers: With rising home values, tapping into your home equity or consolidating debt could be a smart move.
Despite national cooling trends, Newfoundland’s housing market continues to show steady demand and strong fundamentals — a positive sign for both homeowners and future buyers.