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Despite the challenges that the world has faced over the past few years, the real estate market of St. John’s, Newfoundland has remained resilient. The capital city of Newfoundland and Labrador has seen moderate growth in prices, steady demand, and a good balance between supply and demand. According to the Canadian Real Estate Association (CREA), the average home price in St. John’s was $296,700 as of April 2021. This represents a slight increase compared to the previous year, but prices have been relatively flat over the past five years. However, this stability is a sign of a market that is resistant to external shocks.

According to the government of Newfoundland and Labrador one of the factors contributing to this stability is the city’s…

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