It’s Not Just Liveable. It’s Affordable In Newfoundland and Labrador, Canada

Scenic Views of Newfoundland and Labrador

MNI Media

Release Date

Wednesday, October 6, 2021

Homes in Newfoiundland and Labrador

Conveniently, the most affordable housing in Canada is also the most spectacular.

If you’re in the market to buy a house, you know it can be a little challenging. And if you’re not in the market to buy a house because of astronomical prices in your area, you know it can be a lot challenging.

Earlier this year, the average house price in Canada rose by 31.6%, the highest increase on record. But Newfoundland and Labrador’s housing is Canada's best-kept secret.

The average home in St. John’s costs $265,600 – nearly half of that of Halifax. And in contrast to Toronto, where the average house price is over $1,000,000, there really is no comparison.

If purchasing a home is not in your plans, the rental market is also much more affordable here. The cost to rent a spacious two-bedroom place in St. John’s is $950 – home office, anyone? Get a lot more space for your money.

You know what they say: good things come in small population densities.

Discover Affordable Housing 

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