Subscribe to our Real Estate Blog

St. John's Newfoundland is one of North America’s oldest cities. Spectacular coastlines, panoramic views, outdoor adventure, rich history and culture await all who live here.

Stephen & Fraser Winters your RE/MAX real estate agents for St. John's. Whether buying, selling or relocating to Newfoundland put the successful Father and Son Realtors to work for you. Fraser and Stephen will show you the smart approach to buying and selling St. John's Real Estate.

Looking to buy a home in St. John’s? Relocating from another city to St. John's? Fraser and Stephen Winters are here to help you! Whether you are buying or selling, take advantage of our free St. John's real estate market reports and access to the St. John's area MLS.

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

This real estate blog is written by Fraser & Stephen Winters. We both are full time successful top producing RE/MAX Realtors in St. John's, Newfoundland. The information contained on this website is from sources believed to be reliable. However, it may be incorrect. This information should not be relied upon without personal verification. We assume no responsibility for its accuracy. This information is not intended to solicit clients already under contract. For more information about us visit our website.
Looking for neighborhoods or school information for a particular street in St. John's or Mount Pearl? We can help you find the right neighborhood by browsing information on schools and property values and much more.

Surge in Single-Detached Construction Drives Housing Starts in March

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.

Tags: cmhc, construction, single detached housing, st. john's