March Real Estate Newsletter

March 28, 2008 · Filed Under Real Estate Newsletter · Comments Off 

There’s hot demand for people wanting to buy homes in the St. John’s, Mount Pearl region, and a lot of the interest is coming from outside the province. There is very little listing inventory (inventory in the region is down 50 per cent) A lot of the buyers are from outside the province, especially the province of Alberta. They see this region as a great place to invest as it has a healthy, prosperous economy. Statistics are showing that it will remain a seller’s market for a long time yet. Royal Bank of Canada reports show that housing prices in St. John’s are up 15 per cent.

Fraser and Stephen Winters March Real Estate Newsletter