Found 13 blog entries tagged as affordable housing.

If you're considering moving to Newfoundland, Mount Pearl might be the perfect place. This small city, located just outside St. John's, offers all the benefits of urban living while maintaining a strong sense of community. In this article, we'll look at what living in Mount Pearl is like and what you should know before moving.

History and Geography

Mount Pearl was incorporated as a town in 1955 and became a city in 1988. It's located on the eastern coast of Newfoundland, just a short drive from St. John's, the provincial capital. The city is situated on the slopes of a hill that overlooks the surrounding area, which gives it a unique topography compared to other cities in the region.

Lifestyle

Mount Pearl offers a lifestyle perfect for…

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If you're looking for a beautiful place to live in Newfoundland and Labrador, look no further than Conception Bay South, locally referred to as CBS. This charming town is located on the Avalon Peninsula. It provides many facilities and attractions, making it an ideal place to reside.

Living in Conception Bay South

Conception Bay South, with a population of over 26,000, is a thriving community offering a high quality of life. It is just minutes from St. John's, the capital of Newfoundland and Labrador, making it ideal for commuters.

CBS is a family-friendly community that has a lot to offer. The town has many parks, playgrounds, and recreational facilities, including a skatepark, a swimming pool, and a community center. The area also has…

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The real estate industry has been experiencing a significant shift in recent years, thanks to the rise of tiny homes. These small, eco-friendly, and affordable homes are taking the world by storm and disrupting the traditional housing market. With many people looking for sustainable and cost-effective housing options, tiny homes are becoming a popular choice for those who want to own their homes without breaking the bank. In this article, we will explore the impact of tiny homes on the real estate industry and how they are changing the way we think about housing.

Photo by Jed Owen on Unsplash

Tiny homes have gained significant attention in recent years as a cost-effective, environmentally friendly, and innovative solution to the housing crisis.…

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Welcome to the hidden gem of Newfoundland and Labrador – Conception Bay South (CBS). Nestled along the picturesque shores of Conception Bay, this vibrant town seamlessly blends coastal charm with the warm embrace of a close-knit community. Home to more than 27,000 residents, CBS welcomes you to discover untouched hiking paths, peaceful marinas, and awe-inspiring vistas of the ocean. If you're contemplating a move or seeking a place to call home, Conception Bay South beckons with its unique allure and an array of reasons that make it an ideal destination. This idyllic setting seamlessly integrates with exceptional educational and healthcare institutions, a lively commercial port, an industrial park, and a rapidly expanding business landscape.

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Immigration plays a significant role in shaping the real estate market of St. John's. As newcomers arrive in the city, they contribute to the demand for housing, influencing the market dynamics and presenting opportunities for real estate investors and homeowners. In this article, we will explore the impact of immigration on St. John's real estate, including trends, challenges, and opportunities that arise from this demographic shift.

The Growing Immigration Trend in St. John's

St. John's has experienced a growing trend of immigration in recent years. The city's welcoming atmosphere, economic opportunities, and quality of life have attracted individuals and families from various parts of the world. This influx of immigrants has had a profound…

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In today's ever-changing real estate landscape, the importance of affordable housing cannot be overstated. Accessible and affordable housing options play a crucial role in fostering inclusive communities and enhancing the quality of life for individuals and families. At RE/MAX Infinity, we recognize the significance of affordable housing and its impact on community development and economic stability. In this blog post, we will delve into the importance of low-income housing options and explore various solutions that can help create a brighter future for everyone.

The Growing Need for Affordable Housing

As the cost of living continues to rise, many individuals and families find themselves struggling to secure housing that fits within their…

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Canada's most affordable housing markets

For the first time since the early days of the COVID-19 public health crisis, residential property prices are coming down in the Canadian real estate market. Whether you call it a correction or a downturn, prospective homeowners might be finding housing affordability options across the country.

According to the Canadian Real Estate Association (CREA), national home sales tumbled 3.3 per cent month-over-month in November, and average prices declined 4.4 per cent year-over-year to $632,802. When the Greater Toronto Area and the Greater Vancouver Area are removed from the equation, the national average price is slightly more than $500,000. This is way down from the peak of more than $800,000 earlier this year.

But while…

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housing shortage affordability crisis

The Canadian real estate market is experiencing a correction period. While many industry observers are stopping short of calling this downturn a crash, it is clear that the once-sizzling housing sector is being doused by rising interest rates and broader uncertainty surrounding market conditions. So, are we still experiencing an affordability crisis?

In September, the national average home price tumbled 3.9 per cent from the same time a year ago to $637,673, according to the Canadian Real Estate Association (CREA). Even when Toronto and Vancouver – two of the hottest housing markets in Canada – are eliminated from the equation, the typical residential property in the country sold for more than $500,000. While this is…

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St. John's Newfoundland real estate

Since the beginning of the coronavirus pandemic, the Newfoundland and Labrador real estate market has seen the best of times and the most modest of times. In other words, the Atlantic Canada housing market has enjoyed a pandemic boom, but prices have not mirrored what was taking place in British Columbia or Ontario.

Despite climbing interest rates that have ostensibly impacted many major urban centres, small towns and rural communities across the country, Newfoundland and Labrador have held steady. The province and its municipalities have not fallen off a cliff. Instead, despite waning demand, prices have remained intact and affordable.

So, what occurred in the eastern province’s real estate market? Let’s explore the…

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A year ago, housing affordability dominated national conversations as the Canadian real estate market exploded in growth, across major urban centres and rural communities alike.

For the last couple of months, it seems like this discussion has shifted, with affordability taking a back seat given recent moderation in the market following the unprecedented “COVID boom.”

The average price for a home in Canada was sold for about $630,000 in July, recent data from the Canadian Real Estate Association (CREA) confirm. This is down five per cent from the same time a year ago. When the red-hot markets of Toronto and Vancouver are removed from the equation, the typical price for a residential property falls to roughly $525,000.

Despite the last several…

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