April 2014 Economic Fundamentals
- Thread starter Ally
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Mixed results characterize first quarter of St. John's housing market
ST. JOHN'S, April 8, 2014 /CNW/ - The Royal LePage House Price Survey released today showed mixed results year-over-year in the St. John's housing market.
Average prices for both detached bungalows and standard two-storey homes saw steady increases, rising by 4.1 per cent year-over-year to $302,000 and 4.0 per cent to $408,333, respectively. During the same time period the average price for standard condominiums declined, decreasing by 3.0 per cent to rest at $300,000.
Read the full article here.
ST. JOHN'S, April 8, 2014 /CNW/ - The Royal LePage House Price Survey released today showed mixed results year-over-year in the St. John's housing market.
Average prices for both detached bungalows and standard two-storey homes saw steady increases, rising by 4.1 per cent year-over-year to $302,000 and 4.0 per cent to $408,333, respectively. During the same time period the average price for standard condominiums declined, decreasing by 3.0 per cent to rest at $300,000.
Read the full article here.
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Moncton home prices dip
The Royal LePage House Price Survey released today showed small year-over-year decreases for all housing types surveyed in Moncton.
The average price for a standard two-storey home declined marginally, dipping by 1.6 per cent year-over-year to $135,000, while the prices of detached bungalows also lost ground, dropping 3.2 per cent to $153,000.
"Although prices have decreased slightly year-over-year, this is more a function of the significant inventory of homes available on the market," said Carla Bouchard, manager with Royal LePage Atlantic in Moncton. "Moncton is still a very strong market. We saw the value and the total number of sales increase over the same period last year."
Read the full article here.
The Royal LePage House Price Survey released today showed small year-over-year decreases for all housing types surveyed in Moncton.
The average price for a standard two-storey home declined marginally, dipping by 1.6 per cent year-over-year to $135,000, while the prices of detached bungalows also lost ground, dropping 3.2 per cent to $153,000.
"Although prices have decreased slightly year-over-year, this is more a function of the significant inventory of homes available on the market," said Carla Bouchard, manager with Royal LePage Atlantic in Moncton. "Moncton is still a very strong market. We saw the value and the total number of sales increase over the same period last year."
Read the full article here.
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St. John's from bust to boom
St. John`s is an exciting city,` tour guide Eugene Flynn enthuses as our bus rolls through the vibrant downtown. `To your right is 351 Water St., and up ahead is Fortis Place,` he says, pointing to two office towers that are changing the skyline of St. John`s commercial core. The passengers on this bus are business and civic leaders from Moncton. They`re here for the day to help strengthen business ties between Moncton and St. John`s, two cities with similar tales of economic recovery.
Several individuals on the bus played key roles in creating the Moncton Miracle, a phrase used to characterize the resurgence of Moncton`s economy in the late 1990s. Now St. John`s is experiencing its own reversal in economic fortunes, buoyed by megaprojects in mining and energy. This includes the expansion of the White Rose field, a platform that will deliver roughly 115 million barrels of oil and provide $3 billion in royalties to Newfoundland and Labrador.
Read the full article here.
St. John`s is an exciting city,` tour guide Eugene Flynn enthuses as our bus rolls through the vibrant downtown. `To your right is 351 Water St., and up ahead is Fortis Place,` he says, pointing to two office towers that are changing the skyline of St. John`s commercial core. The passengers on this bus are business and civic leaders from Moncton. They`re here for the day to help strengthen business ties between Moncton and St. John`s, two cities with similar tales of economic recovery.
Several individuals on the bus played key roles in creating the Moncton Miracle, a phrase used to characterize the resurgence of Moncton`s economy in the late 1990s. Now St. John`s is experiencing its own reversal in economic fortunes, buoyed by megaprojects in mining and energy. This includes the expansion of the White Rose field, a platform that will deliver roughly 115 million barrels of oil and provide $3 billion in royalties to Newfoundland and Labrador.
Read the full article here.
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Realtors 'positive' about Nova Scotia home sales
They may not be swapping stories about bidding wars or seeing a spike in sales, but Nova Scotia`s Realtors are working more than they have been in months.
`When I talk to my members now ` they`re much more positive,` said Roger Boutilier, CEO of the Nova Scotia Association of Realtors.
Read the full article here.
They may not be swapping stories about bidding wars or seeing a spike in sales, but Nova Scotia`s Realtors are working more than they have been in months.
`When I talk to my members now ` they`re much more positive,` said Roger Boutilier, CEO of the Nova Scotia Association of Realtors.
Read the full article here.