Herbon Announcement Set for Tomorrow
The day has finally arrived. All newspapers and local websites are anticipating a formal announcement tomorrow from Premier Danny Williams giving the thumbs up for Hebron. Good timing seeing that the deadline for the agreement was slated to expire on Thursday.
The breakdown in ownership is Chevron Corp. which owns 28 per cent, Exxon Mobil Corp. the largest shareholder with 37.5 per cent, Petro-Canada and Norway’s state-owned StatoilHydro ASA own the rest. The province of Newfoundland will receive a 4.9 per cent equity stake in the project.
So far this year St. John’s Real Estate has jumped about 20% with a projected 15% increase in 2009. In the beginning of the year CHMC went on record saying 7 – 8% increase in housing prices while Remax was deemed highly optimistic with their 12% projection for 2008.
With this impending news release, how will the real estate market react? When will the oil companies start moving people into the St. John’s and start buying up properties? Is too much of a good thing too fast good for Newfoundland Real Estate?
Regetta and Hebron – to be confirmed
News this morning (5:45am) postponed the 190th St. John’s Royal Regatta due to weather, maybe til Thursday (personally I’d say Friday) Could make it a long weekend in St. John’s. So it’s business as usual this first Wednesday in August.
Speaking of business….the Hebron deal has been postponed as well. Final last minute details are still being worked out. The memorandum of understanding expires August 21st.
Newfoundland Dining – www.dininginfo.ca
With all the Newfoundland cuisine and restaurants in St. John’s and surrounding areas it’s difficult at times to know where to eat. What if there was a website you could visit that provided you with reviews, prices ranges and best of all menus!
Officially launched on July 1, 2008, the locally owned and operated website www.DiningInfo.ca caters to the Newfoundland dining community, tourists, and business travelers. It currently lists restaurants in several major centers throughout Newfoundland. In addition, it has features on local restaurants, chef profiles, current specials and promotions, restaurants that are opening soon and much more!
Wondering where to dine tonight? Check out www.DiningInfo.ca
What to do in St. John’s Newfoundland this weekend
With almost 2 weeks straight with all sushine and no fog (has to be a record) there are lots of activities in and around the St. John’s area scheduled for this weekend.
Check out the St. John’s Farmers Market Saturday at the Lions Club Chalet. Located right behind the Remax Centre (Curling Club). 9am to 2pm. Lots of locally grown veggies, fruits, Newfoundland arts and crafts and paintings. They even have a Facebook Group “I support a weekly farmer’s market in downtown St. John’s”
Every summer in St. John’s at Signal Hill, military drills and music from the 1800s is featured. The Signal Hill Tattoo is now up and running. Check out the re-enactment of 18th Century military exercises with period costumes, guns and cannon fire this Saturday at the Signal Hill National Historic Site.
The Royal St. John’s Regatta is only a few weeks away. This Saturday on Quidi Vidi Pond the Time Trials will be taking place starting at 8am. The purpose of these Time Trials is to determine the makeup of each Regatta Day race based upon the times rowed by the crews participating in the Time Trial heats. Drop down and check out the local rowing crews and see all the hype.
The caplin are rolling! The caplin are rolling around the Avalon bringing hundreds of people to Logy Bay, Middle Cove, Outer Cove beaches. The presence of the caplin brings with them lots of whales! Check out this quick YouTube clip titled “Caplin in Newfoundland“. If you haven’t seen this phenomenon I highly encourage it. But hurry….they will not be around for much longer.
And of course….with this beautiful weather you can always enjoy a couple of hours chasing after a little white ball on a golf course. Newfoundland has a lot of terrific golf courses. My personal favorite is Clovelly Golf Course in East End St. John’s, (in the Clovelly Trails Sub division). Of course you can enjoy a scenic view of St. John’s from Admirals Green in Pippy Park. For a complete list of Newfoundland golf courses visit golfnewfoundland.ca or the Newfoundland and Labrador Golf Association.
How to find St. John’s Apartments for Rent
While we don’t directly deal in the renting (month to month) of apartments or condos in St. John’s and Mount Pearl (other than long term leases) we are constantly emailed looking for such information.
Below I have compiled a list of the more popular websites that cater to people/students looking for St. John’s homes for rent:

The most popular is St. John’s local newspaper – The Telegram. Their rental classified section has lots of apartments for rent and is broken down by the areas. East End St. John’s homes for rent being the most popular as well as downtown apartments for rent.
Island Property Management is a property management company who take care of 1000′s of investment properties in St. John’s and surrounding areas. They have a great selection of houses for rent in all areas of Newfoundland. You can narrow your search by area, price and by rental type (basement apartment, main floor apartment or by a fully detached home). Complete with address and google map interface.
Kijiji is becoming more and more popular for classified ads. While I find this site VERY unfriendly due to all the advertising, it does provide a fairly large list of apartments and condos for rent
Northern Property Real Estate Investment (publicly traded on the TSX as a REIT- Ticker:NPR.UN) manages a number of apartment buildings/complexes in St. John’s. I stumbled across gscrentals.com which appears to be managed by NPR. Titled “Apartments for rent in Toronto and Apartments for Rent in Canada” it has a good selection of homes for rent in St. John’s.
If you Google “apartments for rent in St. John’s” you can find many more websites to assist you.
The Janeway Children’s Miracle Network Telethon
This weekend (May 31 and June 1) the Janeway Children’s Hospital Foundation is holding the 24th Annual Janeway Children’s Miracle Network Telethon. This year’s theme The Heroes Among Us highlights the patients, the physicians and the medical staff of the Janeway Children’s Health and Rehabilitation Centre and the men and women who work so hard to support our province’s only hospital dedicated entirely to pediatric health care.
On Sunday, June 1 RE/MAX offices in St. John’s will be answering phones and volunteering for the Telethon. As well, each year we provide a donation check to this wonderful cause. RE/MAX believes in giving back to the community and in doing so we donate a portion of each home sale to the Janeway.
Since 1992 RE/MAX Sales Associates have raised in excess of $50 million for CMN, $21 million of that in Canada alone, in contributions through RE/MAX’s Miracle Program in Canada.
Together we can make miracles happen for children in your neighbourhood. Please donate this weekend.
Newfoundland 2008 Budget Highlights
The Newfoundland and Labrador Economy Highlights
- Economic Performance 2007
- Real GDP increased by 7.9% driven by exports of oil and minerals and consumer and government sector spending.
- The unemployment rate fell to 13.6%, a reduction of 1.2 percentage points and the lowest rate in 26 years.
- Personal income growth of 4.3% and personal disposable income growth of 5%.
- Retail sales growth of 9.5%.
- Increased residential construction investment of 9.9% with 2,652 housing starts.
- Net in-migration of almost 2,000 people in last half of 2007.
- 2008 Expectations
- Real GDP forecast to decline by 2% due to lower offshore oil production.
- Capital investment expected to increase by 15%. Combined investment in oil and gas projects estimated to be $1 billion for 2008.
- Housing starts stable at 2,657 for the year.
- Employment expected to increase by 1.5%, adding another 3,300 jobs, and the unemployment rate is expected to decline to 12.4%, a further decrease of 1.2 percentage points.











