St. John’s Gives Green Light to East End Condos
A major residential development for downtown St.John’s has been given the green light. St. John’s City Council has given the okay for six residential condominium buildings to be located on the former Standard Manufacturing site on Water Street East. Each building will have eight units for the total of 48 and there will be one level of indoor parking. Condos of this status are much needed in the downtown core. The condos will be a great attraction for oil companies, investors and new employees moving to Newfoundland due to the oil and gas industry.
7 Reasons to Invest in Newfoundland Real Estate
The Top 7 Reasons to Invest in Newfoundland Real Estate are:
7. Average price for a home in Newfoundland is MUCH lower then the Canadian average house price. A 2-apt home for $200,000 can fetch you an extra $1600 a month cash flow (before expenses and mortgage)
6. The next few years are looking promising for the real estate market. Remax is predicting a 12% increase in housing prices for 2008.
5. Oil and Gas - Hebron, White Rose, Hibernia, Terra Nova Project, all major contributors to the Newfoundland Economy.
4. The cost of living in Newfoundland is lower per person/family then other provinces in Canada.
3. Danny Williams. Whether you like him or not, the “Danny Williams Effect” has certainly placed a positive spin on Newfoundland.
2. View some of the most spectacular images in the world off the coast of Newfoundland and Labrador. Watch whales breach and icebergs float by your reasonable priced ocean front property. Own a little corner of the world you can call your own.
1. Quality of living. Newfoundland being an island has a low crime rate and a high standard of living. Little to no traffic. Plenty of provincial parks and golf courses. Top notch amenities. As well as our genuine Newfoundland hospitality, quick wit, and charm.












