St. John's Real Estate Prediction for 2009 - 01/19/09 05:43 AM
We are into the third week of January and the most common real estate question I am being asked is "where will the housing prices be in 2009?" As in most years, it’s difficult to predict. Last year CHMC predicted 6% and RE/MAX stated at least 12%. I remember saying after the first quarter we’ll see much higher then 12%. The final tally for 2008 is not yet in but should be close to 23% in my opinion. Now….where do I see the St. John’s real estate market for 2009. Currently my mind is set at a 5% increase from 2008. … (0 comments)

St. John’s Area Housing Starts Post Solid Growth in December - 01/19/09 05:35 AM
News release from Canadian Mortgage and Housing Corporation
Urban housing starts posted solid growth during the month of December, according to preliminary data1 released today by Canada Mortgage and Housing Corporation (CMHC). December’s total housing starts posted 55 per cent growth, with 202 starts recorded throughout the St. John’s area versus 130 in December of 2007. An additional 24 housing starts were recorded in other urban areas across the province for a total of 226 provincial starts, an increase of 44 per cent. For the year, urban housing starts totaled 2,229 throughout the province, up 22 per cent. Within the St. … (0 comments)

 
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Stephen Winters

St Johns, NL

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