According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
St. Mary's Home Price
When looking across the province, St. Mary's is the 186th most expensive in Newfoundland and Labrador.
In Aug the median listed house price of $88,450 in St. Mary's was relatively low compared to the rest of Newfoundland and Labrador.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, St. Mary's is the neighbourhood that has the 138th most properties available to real estate investors in Newfoundland and Labrador.
Can we guarantee how well St. Mary's is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
When we look at the data we have, it can help with trying to establish whether or not St. Mary's is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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