Found 2 blog entries tagged as Government programs.

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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As the real estate market continues to evolve, one trend that has emerged in recent years is the increasing number of millennials becoming first-time homebuyers. According to data from the Canadian Real Estate Association (CREA), mortgage-related searches by millennials have been on the rise, indicating that younger buyers are not only preparing to buy homes, but are actually making purchases. In this blog post, we'll explore some of the reasons why millennials are increasingly becoming first-time homebuyers.

Affordability

One of the primary reasons why millennials are entering the housing market is affordability. Despite high home prices in many areas, low mortgage rates have made it easier for younger buyers to enter the market. In…

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