Cabin for Sale on Northern Rocky Pond – Southern Shore Newfoundland

August 25, 2010 · Filed Under New MLS Listings · Comment 

Located right on the pond a 2 bedroom cabin plus a new 2 storey 20×24 detached building framed out for 3 bedroom plus bath on 2nd floor. Already wired with electricity and lots of vinyl windows. Bottom floor presently used a storage garage but could also be converted to livable space. Cabin nicely decorated with pine on the interior and has new vinyl windows. Absolute beautiful view of pond from deck. Floating wharf and lots of pond frontage. New septic in last 5 years. 125 amp electrical service. Only 40 minutes from city.  Directions: Turn onto first entrance to Beachy Cove Road entering Tors Cove. Go 3.3km and turn right onto Northern Rocky Pond Road and go .5km. Follow signs. Asking price is $149,900. Call or email Fraser or Stephen Winters for more information.

Tags: , , , ,

Investment property in St. John’s near Memorial University of Newfoundland – 39 Weymouth

July 15, 2010 · Filed Under New MLS Listings, St. John's Investments, St. John's MLS listings and St. John's Real Estate · Comment 

Great investment property on the doorstep of Memorial University of Newfoundland (MUN). 39 Weymouth is a 2400 sqft fully developed 3 bedroom bungalow with a 2 bedroom inlaw suite in the basement. Within the past few years there have been numerous upgrades including new vinyl siding, vinyl windows and shingles. Hardwood floors throughout most of the main floor. Open concept family room / dining room separated by a wood burning fireplace. There is a large deck and mature trees providing lots of privacy in the backyard. Close to Health Sciences, MUN and the Avalon Mall. Asking price is $314,900 REDUCED: $304,900 MLS: 156488

Tags: , , , ,

April Housing Starts in St. John’s Area

May 10, 2010 · Filed Under CMHC Reports · Comment 

ST. JOHN’S, May 10, 2010 – Urban housing starts increased during the month of April, according to preliminary  released today by Canada Mortgage and Housing Corporation (CMHC). April’s housing starts totaled 129 throughout the St. John’s area versus 87 starts in April of 2009. There were four additional starts recorded outside the St. John’s area, for a total of 133 provincial urban starts compared to 106 last April.

“April’s brisk new home construction activity positioned the market 48 per cent ahead of the same month last year and 25 per cent year-to-date,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Continued growth in local employment, income and population combined with low mortgage rates has supported residential construction activity during the first four months of 2010,” added Janes.

In urban centres across Canada, total housing starts increased 79 per cent with 14,995 recorded in April compared to 8,387 during April of 2009. Throughout Atlantic Canada, there were 573 urban housing starts posted versus 419 the previous April, an increase of 37 per cent.

SOURCE: CMHC

Tags: , , ,

First Quarter Newfoundland MLS Trends 2010

April 7, 2010 · Filed Under CMHC Reports, First Time Buyers, Market Trends and St. John's Real Estate · Comment 

Canada Mortgage and Housing have released the First Quarter 2010 MLS Trends – Newfoundland and Labrador issue.  Below are the key points in the release.

Record MLS® Residential Sales during First Quarter

  • „„MLS® sales increased 25.8% to a record 784 compared to 2009’s first quarter sales of 623 „„January, February and March MLS® sales were 240, 234 and 310, respectively.
  • „„First quarter average MLS® residential house price climbed nearly 18% to $230,376 compared to $195,517 during the first quarter of 2009.

Market Conditions Fluctuated

  • „„There were approximately 1,850 new residential listings during the first quarter compared to 1,500 during the same period in 2009 „„Active listings or inventory averaged 1,500 from January to March and around the same during Q1 of 2009.
  • The sales-to-active listings ratio dipped into buyers territory, but hit 18.9% in March and averaged 17.3% during the quarter versus 13.8% in the first quarter of 2009

Active Listings Remain Low

  • „„Despite the surge in new listings, record first quarter sales caused active residential listings to remain relatively low
  • „„Active listings for January, February and March were 1,369, 1,503 and 1,644, respectively
  • „„Although inventory was similar to 2009’s first quarter level, the 25.8% increase in sales resulted in balanced market conditions during most of the quarter

Tags: , , ,

Newfoundland Labrador 2010 Budget Highlights

March 29, 2010 · Filed Under Newfoundland Economy, Newfoundland Oil and Gas and St. John's General · Comment 

Economic Performance 2009

    • Real GDP declined 8.9%.
    • Employment fell by 2.5% and the unemployment rate increased to 15.5%.
    • Retail sales grew by 2.6% – the strongest performance in the country, with Newfoundland and Labrador being one of only two provinces to record sales growth.
    • Labour income increased by 4.2% – the second best performance among provinces.
    • Housing starts of 3,057; the second highest in 20 years.
    • Capital investment growth ranked fourth among provinces.
    • Personal income growth of 3.9% and disposable income growth of 4.7%.
    • Population of 508,925 as of July 1, 2009, an increase of 0.5% and the largest percentage increase since 1983.
    • Non-resident travel and tourism visitors increased 0.7% to 483,200 with expenditure growth of 1.4% to $375 million.
  • 2010 Economic Outlook
    • Real GDP forecast growth of 4.0%.
    • Employment growth of 2.3% to 219,900.
    • Unemployment rate forecast to decline 0.6 percentage points to 14.9%.
    • Personal income and disposable income growth of 3.9% and 3.3% respectively, aided by wage gains and employment growth.
    • Retail sales growth of 5.0%.
    • Increase in population of 0.5% due to positive net migration.
    • Capital investment expected to increase by 23.0% to $6.2 billion.
    • Housing starts expected to increase 1.5% to 3,102. Residential construction spending of $1.6 billion, an increase of 3.5%.
    • Value of mineral shipments expected to increase about 60%, to $3.1 billion.
    • Total overnight tourist visits expected to increase by 1.3%.

2010 Investments in Infrastructure

Funding for the Conception Bay South Bypass extension, Team Gushue Highway extension and completion of the Torbay Bypass;

2010 Investments in Diversification

More than $126 million in funding for initiatives under the Departments of Finance, Business and Innovation, Trade and Rural Development including:

  • $61 million in tax credits and incentives;
  • $11 million in the Regional/Sectoral Diversification Fund;
  • $2 million in the Aerospace and Defence Development Fund;
  • $1 million for the Innovation Enhancement Fund plus $1 million in the Commercialization Fund, both under the Innovation Strategy;
  • $1 million in the Oil and Gas Manufacturing and Services Export Development Fund as part of a two-year $3 million commitment;
  • $4.9 million under the five-year Oceans of Opportunity Strategy to advance the ocean technology sector; and
  • Other programs including the Small and Medium-sized Enterprise Fund, the Business Attraction Fund, and the Business and Market Development Program.

Tags: , , ,

2009 Urban Housing Starts in Newfoundland and Labrador

January 11, 2010 · Filed Under CMHC Reports, Market Trends, New Home Construction and St. John's Real Estate · Comment 

ST. JOHN’S, January 11, 2010 – Urban housing starts posted consistent results during the month of December, according to preliminary released today by Canada Mortgage and Housing Corporation (CMHC). December’s housing starts totaled 201 throughout the St. John’s area versus 202 starts in December of 2008. An additional 22 starts were recorded in other urban areas across the province, for a total of 223 provincial starts compared to 226 the previous December. For 2009, urban housing starts totaled 1,703 in the St. John’s area and 2,022 provincially.

“The local residential construction industry remained buoyant throughout 2009 and ended the year off just nine per cent compared to 2008’s record pace,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Despite weakness in the global economy in 2009, positive local economic and demographic factors continued to support stable residential construction activity within the St. John’s region, as well as in other urban centres across the province,” added Janes.
For Canada’s urban centres, total housing starts increased 17 per cent with 12,262 recorded in December compared to 10,488 during December of 2008. Single-detached starts increased 44 per cent to 6,222, while multiple starts of 6,040 represent a two per cent decline from a year ago. Throughout Atlantic Canada, there were 672 urban housing starts posted versus 574 the previous December, an increase of 17 per cent.

Tags: , , , ,

St. John’s Area November Housing Starts

December 10, 2009 · Filed Under St. John's Real Estate · Comment 

St. John’s Area November Housing Starts

Urban housing starts held steady during the month of November, according to preliminary data released today by Canada Mortgage an Housing Corporation (CMHC). November’s housing starts totaled 176 throughout the St. John’s area versus 173 starts in November of 2008. An additional 12 starts were recorded in other urban areas across the province, for a total of 188 provincial starts compared to 196 the previous November. “St. John’s area housing starts held steady relative to last November, posting a small increase of two per cent, with year-to-date starts off ten per cent compared to 2008’s accelerated pace,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Employment, income and population growth continues to support residential construction activity throughout the St. John’s region,” added Janes.

For Canada’s urban centres, total housing starts were flat with 13,507 recorded in November compared to 13,500 during November of 2008.  Single-detached starts increased 15 per cent to 6,671, while multiple starts of 6,836 represent an 11 per cent decline from a year ago.  Throughout Atlantic Canada, there were 641 urban housing starts posted versus 734 the previous November, a decline of 13 per cent.

Tags: , , , ,

Next Page »