St. John’s Housing Market Strong in 2007

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Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation

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November

Stephen Winters03:18 pm1 Comment

St. John’s is expected to see house price growth of 12 per cent next year, followed by Regina and Kelowna, B.C., acccording to a recent Re/Max report. A strong economy and high consumer confidence were supported by the recent excitement that the long awaited local oil project Hebron Ben Nevis is on again. Affordability is good and there is nothing to indicate anything but a healthy market going forward.

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One Response to “St. John’s Housing Market Strong in 2007”

1. Barb | January 30th, 2008 at 7:50 pm
Hi,
My husband and myself are hoping to relocate to the St. John’s area in 2009. We are currently living in Ft. McMurray. We have heard rumours that house prices will be going up substantially, like $100,000. My husband wants to purchase a house very soon, to avoid the rising prices. He wants to pick one out on-line and have his brother’s check it out for us, his family is in the St. John’s area. I’m leary of this, this is going to be a big investment and I would like to look in the cupboards and closets in person. He thinks if we buy a house, then when we get back there and decide if we hate it we could sell it for a profit and find something more suitable to our needs. Could you please give me an honest opinion on this? Or direct my questions to another web site where I could get get the low down on the rise of the cost of houses.
Thanks