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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.
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STEPHEN 709.682.9045
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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.
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Newfoundland Expands Hibernia Oil Field
Oil is the talk of the province once again in Newfoundland. This morning news reports can be read throughout the internet outlining the tenative agreement expanding the Hibernia Oil field. Newfoundland Labrador will have a 10% stake (through crown owned Nalcor Energy) in the Hibernia South expansion. Great news as oil is currently hovering over $71 a barrel. Premier Williams made the accouncement this morning during the Newfoundland & Labrador Oil and Gas Industires Association (NOIA) conference in St. John’s.
What effect do you think this has for real estate in St. John’s?
Complete news articles can be found below
CBC.ca - $10B Hibernia South deal reached: Williams
VOCM.com - Big Day for Oil Patch
Globeandmail.com - Newfoundland gives Hibernia New Life
Thetelegram.com -Hibernia South worth $10 billion to the province: Premier
Newfoundland Rental Market Vacancy Rates
Provincially the rental market for Newfoundland is showing lower vacancy rates. Currently we are sitting at 2% (down 1.2% from last year’s vacancy rate for 3.2%)
The St. John’s rental market posted a vacancy rate of 2.2 per cent versus 3.7 per cent last year. This translates into 80 vacant units out of the 3,668 units surveyed (according to CHMC). With the local labour market remaining healthy, positive net-migration will continue to create rental demand and keep vacancy rates low. As well, with higher housing prices (and expecting to continue to increase) many buyers are being pushed out of the housing market altogether. The demand for for rental is expected to remain strong. Great time to buy an investment property?
Commerical Property For Sale in Downtown St. John’s
Just listed on 2 Bates Hill a great commercial building opportunity in a prime downtown location. Currently operated as the Granny Bates book store, this 3 storey heritage building is in close proximity to all your needs in the St. John’s downtown area. Approximately 600 sqft per floor the building offers multiple uses from retail store, law firm, office spaces and can even be converted back into a residential home. Great potential to work from the main floor and live on the upper floors. Asking price is $234,900 Call Fraser or Stephen Winters for more information or to setup a private viewing.
New listing in Waterford Valley 16 Craigmillar Ave
Fraser & Stephen Winters just listed 16 Craigmillar Ave. Elegant executive 4 bedroom home with mixture of traditional character and contemporary style overlooking Waterford Valley, west end St. John’s. Completely upgraded (plumbing, electrical, roof, cape cod wood siding, vinyl windows, remote control surround sound, heat exchanger and more). Formal dining room and living room with separate family room. Hardwood floors throughout most of home. Kitchen design and featured by “Kitchen Concepts”. Large bathroom with glass enclosed shower and Jacuzzi tub. Main floor laundry. Fenced rear back garden with patio deck and shed. Absolutely charming !!!! Asking price $399,900
Virual Tour of 16 Craigmillar Ave
St. John’s and Regina Real Estate markets up 0.8%
Just barely keeping our heads above water, real estate prices in St. John’s (and Regina) are up 0.8% for January and February according to Stats Can. Slightly higher are Saint John, Fredericton and Moncton which rose 1.4%.
The biggest decliners are in Edmonton where the prices of new homes fell almost 10.4% year over year, and Calgary saw a drop of 6.5%
Prices are holding steady St. John’s and should continue to do so for the remaining of the year. Multiple offers have declined considerably but can still be seen on certain properties.
Houses in the 120k to 160k range are the hot properties now. Average price for a home in St. John’s is around the 200k range. I have noticed a drop in activity in the 350k price range. Especially in the 450k - 600k range.
East End St. John’s Home for Sale
New listing located on a great cul-de-sac in east end St. John’s. (23 Athlone Place) Immaculate 2+1 bedroom split entry home with lots of upgrades in recent years. Vinyl windows and siding, new kitchen with corian counter tops. Two full bathrooms (one on each floor). Basement has a large third bedroom as well as a cozy rec room. Fully fenced and landscaped. Asking price is $189,900. Call Fraser and Stephen Winters for more information or to book an appointment.
St. John’s Area Housing Starts Increase in January
The following is CMHC’s newest press release for housing starts in St. John’s for January.
Urban housing starts increased during the month of January, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). January’s total housing starts increased 88 per cent, with 124 starts recorded throughout the St. John’s area versus 66 starts in January of 2008. An additional six housing starts were recorded in other urban areas across the province for a total of 130 provincial starts, an increase of 91 per cent.
“January’s urban housing starts posted considerable growth over the same month last year and can be attributed to the relatively mild winter conditions experienced throughout the month,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Pent-up demand, paired with builder capacity constraints, appears to have caused some of the residential construction activity from last year to spill over into the first month of 2009,” added Janes.
For Canada’s urban centres, total housing starts fell 40 per cent with 7,244 recorded in January compared to 12,153 during January of 2008. Single-detached starts decreased 44 per cent to 2,512, while multiple starts of 4,732 represent a 38 per cent decline from a year ago. Throughout Atlantic Canada, there were 348 urban housing starts posted versus 385 the previous January, a decline of ten per cent.
Recommended Real Estate Links
- Fraser and Stephen Winters
- Remax St.John's
- Terry Kelly
- St. John's MLS Listings
- Carter Home Designs
- St. John's Newspaper
- VOCM Local News
- CBC Newfoundland
- Eastern School District
- St. John's Weather
- St. John's Board of Trade
Real Estate Sites
- Search MLS.ca
- St. John's Listings
- Globe & Mail Real Estate
- Real Estate Blogs Directory
- Canadian real estate
- Home Builders Association
- Atlantic Home Warranty
- Homeplus Online
Recent Entries
- Home for Sale in Elizabeth Park Paradise - 106 Carlisle Drive
- Newfoundland Expands Hibernia Oil Field
- Mount Pearl Home for sale - 26 Michener Ave
- Newfoundland Rental Market Vacancy Rates
- Generation X purchasers poised to be a major force in recreational property markets across the Canada
- Newfoundland Real Estate Stats for May
- Commerical Property For Sale in Downtown St. John’s
- Healthy Demand for Housing in St. John’s
- Existing homes in St. John’s Remain Cool Says CMHC
- New listing in Waterford Valley 16 Craigmillar Ave
Mortgage Rates
