Clovelly Trails Lot Prices now available

May 29, 2008 · Filed Under First Time Buyers, New Home Construction and St. John's Real Estate · Comment 

Clovelly Trails Phase 3a lot prices are now up on the website for the public and purchasers to view. Clovelly Trails appears to be the most popular subdivision in St. John’s this year. 69 of their lots have had deposits on them for months. Some dating back to 2007.

The lot prices range from $69,900 to $94,900 (plus HST). A hefty jump since the last phase (base price was approx $54,900) but the demand is there to justify it.

Almost all subdivisions in St. John’s and Paradise have increased in prices since last year some as much as ten to fifteen percent.

Remember Fraser and Stephen Winters can represent your interests in the buying of your new construction home. We will be there from lot and house design selection, through signing the paperwork, choosing your paint colors - all the way to final walk-through and beyond.

There are ZERO costs to use our services on the buying side of purchasing your new (or pre-existing) home. There is no cost to you - no decreased incentives - no increased price - the developers actually pay us to work with you through the buying process. Contact us and we’ll show you how we can assist you in finding the new home you’re looking for in ANY subdivision.

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Surge in Single-Detached Construction Drives Housing Starts in March

April 8, 2008 · Filed Under Market Trends and Real Estate Articles · Comment 

A surge in single-detached construction drove urban housing starts during the month of March, according to preliminary data released today
by Canada Mortgage and Housing Corporation (CMHC). March’s total housing starts surged 155 per cent, with 56 posted within the province compared to 22 a year ago. 55 of the 56 starts were within the St. John’s region versus 21 last March, an increase of 162 per cent. The bellwether single-detached housing segment climbed 188 per cent to 49 starts within St. John’s metro versus 17 new homes during the same period last year.
Provincial urban housing starts increased 18 per cent during the first quarter to 176. “After a soft month in February in terms of new home construction, March’s surge in single-detached housing starts is a clear signal that there is unmet demand for new homes within the local housing market,” said Chris Janes, Senior Market Analyst with CMHC in Newfoundland and Labrador. “Low inventory levels of resale or existing homes is causing many prospective buyers to opt for a new home because they simply cannot find what they are looking for within the resale market,” added Janes.
For Canada’s urban centres, total housing starts were up 24 per cent to 15,608 in March compared to March of 2007. Single-detached starts fell 14 per cent to 4,743, while multiple starts of 10,865 represent a notable 54 per cent increase over last year. Throughout Atlantic Canada, there were 522 urban housing starts versus 169 the previous March.

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