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Commercial real estate Newfoundland and Labrador

While commercial real estate in Newfoundland and Labrador represents a smaller percentage of the overall market, economic growth in St. John’s, especially in terms of the oil and gas sector, is likely to stimulate greater activity in the future. This, according to the new 2022 Commercial Real Estate Report from RE/MAX Canada. Emergence from the depths of the Covid-19 pandemic, and the slow but steadily improving economic picture has helped to bolster job growth in the province, with employment trending upward, while unemployment trends downward, hovering just below 12 per cent. 

Most employees are back to work and have been for some time. St. John’s did not experience as big a shift to work-from-home arrangements that were…

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