Real Estate Blog - Newfoundland real estate

The Path of Rent-to-Homeownership

For many aspiring homeowners, the dream of purchasing their first home may seem out of reach due to various factors, including financial constraints and stringent mortgage approval processes. In such cases, exploring the option of rent-to-own homes can provide a viable alternative. This guide aims to demystify the rent-to-own process, offering valuable insights and guidance for renters looking to transition from leasing to homeownership.

Understanding Rent-to-Own Homes

Rent-to-own, or lease-to-own, is a real estate arrangement where tenants have the option to buy the property they are currently renting after a specified period. This arrangement allows prospective buyers to accumulate a down payment while residing in the property, providing a…

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How to Secure Your Dream Home in a Sellers Market

Buying a home in a seller’s market can be a challenging task, especially when faced with multiple offers on the property you desire. However, with the right strategies and a solid understanding of the process, you can increase your chances of securing your dream home. In this blog post, we'll provide practical advice for home buyers, specifically tailored to the unique conditions of a seller’s market. Get ready to navigate the competitive landscape and come out on top!

Get Pre-Approved and Set a Budget

Before diving into the home search process, it's crucial to get pre-approved for a mortgage and determine your budget. This will not only help you understand your financial limitations but also demonstrate your seriousness to sellers. Having a…

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Winning in a Hot Seller's Market (INFOGRAPHIC)

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Indulge in Opulence: Step Inside the Most Exquisite Listings Available Now

Welcome to a world of grandeur and luxury! In this blog post, we invite you to indulge your senses and explore a selection of the most remarkable luxury listings currently gracing the real estate market. From sprawling mansions to breathtaking views, these properties redefine opulence and offer a glimpse into a life of sophistication and prestige.

45 Atkins Road (Burnt Island), Conception Bay South (PHOTOS)

One of the most incredible and incomparable real estate opportunities in the Province. 5.6-acre private waterfront estate situated along Conception Bay Beach and Long Pond, Manuels and known since 1886 as "Burnt Island". Historically, issued from the Crown to John Smith, the island has been the property of Ayre and Sons Limited and the…

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St. John's Real Estate Market Trends (Insights)

The St. John's real estate market offers a diverse range of opportunities for those seeking to buy or sell a home. Whether you're a first-time buyer or an experienced investor, understanding the market trends can help you make informed decisions. In this article, we delve into the St. John's real estate market trends, providing valuable insights into homes for sale, pricing, popular neighborhoods, and more. Let's embark on this journey to discover the hidden gems within the St. John's real estate market.

St. John's Real Estate Market Trends: Insights into Homes for Sale

The St. John's real estate market is a dynamic and ever-evolving landscape. By analyzing current trends, we can gain valuable insights into homes for sale and make informed…

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Why Newfoundland Real Estate is the Next Hot Investment

Newfoundland, the hidden gem off the east coast of Canada, is gaining attention as a promising real estate investment destination. Its breathtaking landscapes, thriving tourism industry, economic growth, and favorable market conditions make it an attractive option for savvy investors. In this article, we will delve into the reasons why Newfoundland real estate is emerging as the next hot investment and why it should be on your radar.

Natural Beauty and Thriving Tourism Industry

Newfoundland's natural beauty is unparalleled, with rugged coastlines, pristine lakes, and majestic mountains. Gros Morne National Park, a UNESCO World Heritage Site, lures nature enthusiasts from around the world. The province's stunning landscapes and unique wildlife…

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Newfoundland and Labrador Home Sales Remain Strong - February 2023 was second highest February on record! Read our blog for the latest numbers.

According to data from the Newfoundland and Labrador Association of REALTORS®, the number of homes sold through the MLS® System in February 2023 was 301 units. This represents a decrease of 8.8% from February 2022. Despite the decline, home sales were still 15.1% above the five-year average and 32.5% above the 10-year average for the month of February.

Looking at the year-to-date figures, home sales in the first two months of 2023 totaled 553 units, down 20.4% from the same period in 2022.In terms of residential activity in St. John’s, there was a modest decrease of 1.9% on a year-over-year basis in February, while activity in the rest of the province posted a decline of 12%. Single detached home sales in St. John’s remained unchanged from levels…

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A Spotlight on 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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Are You Moving To Canada?

Are you moving to Canada? There are many options available for your new home and the province of Newfoundland and Labrador is among the top options. This province is notable for its affordability and quality of life – something that is rare in most provinces in Canada. This guide will provide you with an insight into the cost of living in Newfoundland to help you decide if this is the ideal place to live. 

Cost of Living in Newfoundland: Overview

Newfoundland is the easternmost province of Canada. This province is considered one of the best places to live in Canada due to its affordability. The cities in Newfoundland are cheaper than living in major cities like Toronto. 

The most expensive city in Newfoundland in terms of cost of living is…

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Newfoundland Real Estate Frenzy and the Impact on Locals

Is the Newfoundland and Labrador real estate market still sizzling, or is it cooling down like a February evening in the province?

For the last two years, Canada’s housing market has been taken aback by the exceptional growth in Atlantic Canada, heated up by the population boom and the surge in home prices. This was a surprising turn of events because, before the coronavirus pandemic, people were leaving parts of the east coast, and some local real estate markets unable to gather much momentum.

Now it appears that Newfoundland real estate is joining the broader market. Sales activity is strong, though it has eased recently. Price gains remain sky-high, but growth has also eased year-over-year. Overall, the housing boom is…

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