cmhc: The sky is not falling nor are St. John’s housing prices - 03/05/09 03:50 PM
CMHC held a seminar this week discussing the outlook for Newfoundland for 2009 with regards to economy and real estate market and prices.  As in most recent reports and news releases the message was the same: Newfoundland is expected to remain strong in 2009.
While most of Canada and the world are in doom and gloom, somehow Newfoundland is expected to escape the mayhem.  I know we are somewhat protected being on an island, but I can't see St. John's getting away virtually unscathed.  Then again it's better to hear positive news then to hear the sky is falling on a … (0 comments)

cmhc: 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)

cmhc: 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)

cmhc: Newfoundland Real Estate Outlook 2008 - 01/20/08 09:22 AM
The outlook for Newfoundland Real Estate for 2008 will be positively supported by a strong provincial economy, with the average MLS® price forecast to increase 6.4% to $157,500. REMAX is suggesting a 12% increase which would put the average price around the $170,000 mark. The expected increase in single detached and two apartment homes can be seen already, and it's very early in the new year.Currently we are experiencing low housing inventory and a high number of buyers.  Now is the right time to sell your house for maximum value.I recently read a review of average St. John's House prices from … (2 comments)

cmhc: Mortgage Calculator: How Much Can You Afford? - 01/03/08 02:19 PM
How much of a house you can afford depends on a number of factors. The most important are your gross household income, your down payment and the mortgage interest rate. Lenders will also consider your assets and liabilities. Your own lifestyle and debt comfort zone also come into play.
This calculation is based on two simple rules that lenders use to determine how much of a mortgage you can afford. The first rule is that your monthly housing costs should not exceed 32% of your gross monthly household income. Housing costs include monthly mortgage payments, taxes and heating expenses. If applicable, … (0 comments)

cmhc: February St. John's Real Estate Market - 03/10/07 08:54 AM
St. John's housing starts were affected by weather in February, according to preliminary data released by Canada Mortgage and Housing orporation (CMHC). For the month of February, a total of 63 housing starts were recorded across provincial urban centres, down nine per cent over February of 2006. Within the St. John’s metropolitan area, housing starts pulled back 12 per cent with 61 units recorded in February versus 69 during the same period last year. However, of the total number of starts recorded, 40 were condos at a new condominium development in St. John’s. In terms of the key single-detached segment, there … (0 comments)

 
Stephenwinters1

Stephen Winters

St Johns, NL

More about me…

Remax Realty Specialists

Address: 40 Aberdeen Ave, St. John's, NL

Office Phone: (709) 726-8300

Cell Phone: (709) 682-9045

Email Me

Moving to St. John's Newfoundland? Looking for a great city to buy affordable investment properties? Call Fraser and Stephen Winters - Remax Realtors Today!


Links

Archives

RSS 2.0 Feed for this blog