House Prices Continue to Rise
Just read this article on VOCM.com discussing the increase in house prices in St. John’s and surrounding areas. Notice the jump in house price from $151,000 to $180,000 for a 1000 sqft bungalow home in St. John’s.
House Prices Continue to Rise: Survey
May 1, 2008A new survey shows house prices in the province continue to rise, thanks to robust activity in the oil patch. The Century 21 spring survey shows that prices in Atlantic Canada over the past year have gone up by between nine and nineteen per cent in the greater St.John’s area and Grand Falls-Windsor. They were the only two areas in the province surveyed. As an example, a 1,000 sq. foot bungalow in Paradise and the west end of St.John’s that cost $151,000 this time last year now sells for $180,000, a 19 per cent increase. And it’s not only oil that’s driving things. Century 21 notes that the first year of positive migration since 1990 is also responsible for the higher real estate values.
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