newfoundland: Existing homes in St. John's Remain Cool Says CMHC - 05/12/09 01:03 PM
The seller's market has certainly ended.  Inventory has increased approximately 30 per cent and listings are taking longer to sell or expire (never sell during their contract period).
The St. John's real estate market boomed during 2008, driven mostly by optimism created by the Newfoundland Government budget surplus, the Hebron oilfield announcement, and the Vale Inco Hydromet in Long Harbour.  In light of this, speculating buyers purchased homes from all price ranges in fear of property values zooming sky high.  The market cooled after the third quarter peak in 2008 and remained cool during the first quarter of 2009 causing the … (0 comments)

newfoundland: St. John's Real Estate Prediction for 2009 - 01/18/09 09:43 PM
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)

newfoundland: Seven Reasons to Relocate to St. John's - 03/25/08 12:10 AM
Anyone who has ever been to North America's Oldest City can attest to the fact that it's a great city. St. John's has become a great place to relocate for a variety of recent economic reasons. Here are my reasons why St. John's Newfoundland is a good choice for relocation.
7. Scenery - View Newfoundland's spectacular coastlines, panoramic views, icebergs, whales and provincial parks.
6. Affordable Housing - Average real estate price for in St. John's is lower then most cities in Canada. We are seeing more and more emails from people in Vancouver, Calgary and Toronto looking to relocate back … (1 comments)

newfoundland: Newfoundland Real Estate Outlook 2008 - 01/20/08 01:22 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)

newfoundland: Hebron-Ben Nevis oil project a go for Newfoundland - 08/23/07 02:33 AM
Hebron-Ben Nevis announcement is going to jump-start the Newfoundland industry, and bring in billions during its life.  Employment in St. John's and area will increase bringing back Newfoundlanders currently working in Alberta.  Relocation to St. John's real estate market will certainly benefit.  The overall St. John's economy will surely boom in the next few years, including the St. John's, Mount Pearl, Paradise real estate market.
The Hebron asset, which consists of the Hebron, Ben Nevis and West Ben Nevis fields, was first discovered in 1981. Chevron Canada Limited is the operator for the Hebron project with a 28 per cent working … (2 comments)

newfoundland: Urban Housing Starts Dip in May - 06/11/07 11:47 AM
St. John's, June 8, 2007 - Urban housing starts dipped in May, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). For the month of May, total housing starts dipped 18 per cent, with 128 posted across provincial urban centres versus 156 during May of 2006. Of the 128 total starts, 124 were recorded within the St. John's region compared to 131 last May. Year-to-date total housing starts of 343, equals the number of starts posted during the same period last year within the St. John's region.
"Despite May's dip in total provincial housing starts, we are still … (0 comments)

newfoundland: February St. John's Real Estate Market - 03/10/07 12:54 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)

newfoundland: 9 Torngat Crescent - St. John's - 02/15/07 06:25 AM
9 Torngat Crescent - $207,900

Executive four bedroom well maintained home in Cowan Heights. Enjoy cooking in a spacious eat-in kitchen with custom lighting. Family room off kitchen with propane fireplace. Formal dining and living room with french doors. Crown mouldings. Large master bedroom with ensuite. Close to schools and playgrounds. Two tier patio deck with southern exposure and a beautiful view. Fully landscaped.

Stephen Winters (Remax Realty Specialists)

Stephen Winters

St Johns, NL

More about me…

Remax Realty Specialists

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

Office: (709) 726-8300

Mobile: (709) 682-9045

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



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