So you’re wondering what’s actually happening in the real estate market around St. John’s these days?
Great. You’ve come to the right place—and I promise not to hit you with a wall of boring stats or a “2025 housing outlook” that reads like it was written by a chatbot with a mortgage. This is the real deal. Whether you’re a curious homeowner, a late-night scrollaholic who’s peeked at Zoocasa.com more than once this week, or someone packing for Alberta because you think the local market’s hopeless… breathe. This one’s for you.
Let’s break down what’s really happened in the last six months in St. John’s, Paradise, Mount Pearl, CBS, Torbay—and the rest of the metro area you secretly check for open houses on Sundays. What’s hot. What’s not. And what it all means for you.
St John’s Real Estate Market Is On Fire (In a Good Way)
You’ve probably heard people muttering that it’s a “seller’s market,” but here’s what that actually means. Currently, we’re experiencing the strongest market conditions we’ve seen in a while. Listings are down by nearly 40% from this time last year. Translation: there just aren’t enough homes out there to meet demand.
That shortage has created a bit of a frenzy, and as a result, prices have jumped. Some neighbourhoods are up 10%, others closer to 17%. The average home price in the metro area now hovers around the $400K mark—and yes, people are still buying. Fast. Homes are selling quickly, typically within five to six weeks. And well-prepared, well-priced ones sometimes sell in a matter of days.
If you’re a homeowner, you might be sitting on more equity than you realize. If you’re a buyer? It’s competitive, yeah—but it’s not impossible. Especially not when you’ve got strategy on your side.
Where Are People Buying?
Paradise and Southlands remain popular choices for young families and those seeking a modern build with ample are still popular for young families and anyone looking for a modern build with room to grow. Mount Pearl is a bit more established, making it great for those who want a solid family home without paying downtown premiums. CBS has become a top choice for people who want nature, space, and a bit of peace and quiet. East End St. John’s? Still a fan favourite with its character homes, city charm, and walkability.
Then you’ve got spots like Torbay, Flatrock, and Logy Bay—these are the “I need space, salt air, and sanity” zones. Ideal for remote workers, retirees, or anyone who wants to feel like they’re living in a postcard.
The Elephant in the Room: Why Aren’t More People Selling?
Now here’s the plot twist. Even though sellers could make a killing right now, a lot of them are frozen in place. Why? Because they’re stuck in the classic “I’d sell, but where the hell would I go?” dilemma.
It’s valid. With low inventory, it can feel risky to sell before you know your next step. But that’s exactly where strategy comes in. Flexible closing dates, new builds with possession months away, short-term furnished rentals, bridge financing—even the “buy first, sell later” route (yes, it’s a thing). These are all real solutions we’re building into our client plans every single week. If the only thing stopping you from cashing out is fear of being homeless, don’t worry. We’ve got a playbook for that.
Living in Newfoundland Still Costs Less Than You Think
Let’s talk money. While everyone’s feeling the sting of rising prices, Newfoundland is holding its ground better than most. Inflation here is the lowest in Canada, —sitting at just 0.5% as of May. Rent for a two-bedroom place in the metro area still averages around $1,150–$1,200. Property taxes, insurance, and utilities are all lower than what folks are paying in major cities.
The province didn’t tack on any new taxes or fees in the last budget either. Combine that with rising household incomes (up 6% last year), and you’ve got a pocket of Canada where the cost of living isn’t spiraling out of control. Imagine that.
Who’s Moving Here? Hint: It’s Not Just Locals Anymore
Here’s a twist nobody saw coming a few years ago: people are actually moving to Newfoundland.
The province’s population grew by 1.2% last year, the largest spike we’ve seen since the 1990s. Over 9,000 international immigrants arrived in just 12 months, and we’re even seeing net migration from other provinces. That’s right, people are choosing Newfoundland over Ontario and Alberta.
Some are people coming back home, locals who sold in more expensive markets and came back with buying power. Others are first-time buyers tired of feeling priced out. We’ve also got investors eyeing the rental market, and retirees looking for peace, ocean views, and less chaos. You name it, they’re landing here.
Buyers Want Options, Not Overwhelm
Right now, buyers are a mixed but motivated bunch. We’re seeing remote workers relocating for lifestyle, couples ready to ditch renting, investors betting on NL’s low vacancy rates, and boomers thinking about downsizing.
What do they all have in common? They want to make smart choices without playing guessing games. The good news? That’s our zone of genius. Whether it’s helping buyers get pre-approved, understand what $400K really buys here, or finding hidden gems in quieter neighbourhoods—this is what we do.
Oh, And We’re Building Like Crazy
One more trend you need to know about: construction is up. Way up. New builds are going strong. Housing starts jumped 70% last year, and the momentum’s still climbing. From modern semis in Paradise to luxury rentals in Churchill Park and MacPherson Suites, the market is finally adding more options for buyers and renters alike.
After years of tight supply, this is a huge win for everyone. Especially for folks who are downsizing or looking for low-maintenance living that doesn’t feel like a downgrade.
Related: 7 Small Towns in Newfoundland That Are Stealing the Spotlight from Big Cities
Newfoundland Isn’t Just a Place to Live. It’s a Way to Live.
People aren’t just moving here for better prices. They’re moving for better lives.
We’re talking shorter commutes, slower weekends, backyard BBQs, ocean trails, and real community. You’re not fighting for space here. You’re finally finding it. And when you mix that with a market that still makes financial sense? It’s no wonder buyers are finally paying attention.
So, What Should You Do Next?
Honestly? That depends on you. Thinking about selling? Let’s talk strategy. Looking to buy? We’ll help you create a personalized plan tailored to your lifestyle and budget. Curious what your home’s worth or if moving makes sense at all? We’ve got answers. No pressure. No pushy stuff. Just real talk, real numbers, and a clear plan—so you can make the best move for you. You’re not stuck. You’re just one conversation away from seeing what’s possible.
I’m serving St. John’s, Paradise, Mount Pearl, CBS, and all the spots in between. Contact me anytime.