7 Reasons to Invest in Newfoundland Real Estate

March 2, 2008 · Filed Under Newfoundland Top 7 

The Top 7 Reasons to Invest in Newfoundland Real Estate are:

7. Average price for a home in Newfoundland is MUCH lower then the Canadian average house price. A 2-apt home for $200,000 can fetch you an extra $1600 a month cash flow (before expenses and mortgage)

6. The next few years are looking promising for the real estate market. Remax is predicting a 12% increase in housing prices for 2008.

5. Oil and Gas – Hebron, White Rose, Hibernia, Terra Nova Project, all major contributors to the Newfoundland Economy.

4. The cost of living in Newfoundland is lower per person/family then other provinces in Canada.

3. Danny Williams. Whether you like him or not, the “Danny Williams Effect” has certainly placed a positive spin on Newfoundland.

2. View some of the most spectacular images in the world off the coast of Newfoundland and Labrador. Watch whales breach and icebergs float by your reasonable priced ocean front property. Own a little corner of the world you can call your own.

1. Quality of living. Newfoundland being an island has a low crime rate and a high standard of living. Little to no traffic. Plenty of provincial parks and golf courses. Top notch amenities. As well as our genuine Newfoundland hospitality, quick wit, and charm.

Comments

4 Responses to “7 Reasons to Invest in Newfoundland Real Estate”

  1. Seven Reasons to Relocate to St. John’s | St. John's Real Estate Blog on March 25th, 2008 8:31 am

    […] 6. Affordable Housing – Average real estate price for in St. John’s is lower then most cities in Canada. We are seeing more and more emails from people in Vancouver, Calgary and Toronto looking to relocate back to Newfoundland or looking to invest in Newfoundland. […]

  2. Seven Reasons to Relocate to St. John's Newfoundland - stjohnsrealestate's Blog - REW Blogs on April 24th, 2008 3:27 pm

    […] 6. Affordable Housing – Average real estate price for in St. John’s is lower then most cities in Canada. We are seeing more and more emails from people in Vancouver, Calgary and Toronto looking to relocate back to Newfoundland or looking to invest in Newfoundland. […]

  3. Seven Reasons to Relocate to St. John's on May 2nd, 2008 2:27 am

    […] 6. Affordable Housing – Average real estate price for in St. John's is lower then most cities in Canada. We are seeing more and more emails from people in Vancouver, Calgary and Toronto looking to relocate back to Newfoundland or looking to invest in Newfoundland. […]

  4. The Sir Robert Bond Papers: As myths go… on January 14th, 2010 8:10 pm

    […] they repeated it in a list of reasons to invest in “Newfoundland” real […]