Advertisement
St. John's is growing at a rapid clip. Housing cost have gone up, but you can still find a great deal.
Newfoundland is a “have-not” province no longer. The region is prospering and nowhere is this more evident than in the capital, St. John’s. This city of 100,000 has always been connected to the oceans—in the past for its fisheries—but now much of its bounty lies in offshore oil and gas. Our momentum score of A- shows that house prices are rising fast, but even though they’ve gone up more than 60% in the last four years, the average home here still sells for an affordable $225,500. The unemployment rate is still in the high range, at 8.3%, but it’s projected to dip below 8% in 2010 and keep falling thereafter.
For the best real estate buys look for the gorgeous historical homes that have been completely renovated in the centre of town, or the modern newer homes going up in the Southlands district. “The oil industry is really driving salaries up here,” says St. John’s real estate agent Charles Harris. “Our population is growing yet our crime rate is one of the lowest in Canada. Not only do we have more people coming out to work in the oil and gas industry but we’re seeing a lot of baby boomers selling their homes in other parts of Canada and returning home.”
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
The U.S. Securities and Exchange Commission says the billionaire didn’t disclose Twitter ownership on time before buying it.
Many Canadians believe their financial situation will worsen this year, according to an MNP report on consumer debt.
A new workout routine doesn’t need to be a heavy lift for your budget.
The apparel retailer’s profit jumped 72% in Q3, as its e-commerce and U.S. net revenue spiked.
Each of these cards offers a suite of features to help you worry less on your next trip, from...
The increase to the capital gains inclusion rate is going ahead—at least for now, says Canada’s Finance Department.
You have so many options for finding the best mortgage rate for you. Here’s how you can compare some...
We outline the movies and shows available on each streaming service, plus the cost, number of users and other...
What does 2025 have in store for Canadian investors? Who knows. But there are some trends to keep an...
