St. John’s, Newfoundland Housing Market Update (Fall 2025)

Trends in the St. John's Housing Market

Average sales prices across all property types are anticipated to rise 10 per cent through the end of 2025, with the number of sales is predicted to also increase, by nine per cent. In Q4 2024, the Greater St. John's housing market experienced a seller's market, reflecting a competitive environment with strong buyer demand, lower inventory, and rising prices compared to the previous year. This dynamic makes it a favourable time for sellers while posing challenges for buyers trying to secure homes in a competitive landscape. 

Demand in the region is being driven primarily by families, a trend expected to continue through the fall, while investment buyers are also becoming more active. The biggest challenge remains a shortage of inventory to meet demand., compounded by sellers who have not fully adjusted their expectations to current market conditions. Nonetheless, the region is relatively resilient to broader economic disruption, supported by positive trends in population growth, income levels, and employment. 

First-time buyers are older now on average than in previous years. In Newfoundland and Labrador, the average age for first-time homebuyers is around 36 years old. This age is slightly higher than the national average, but the province does see a diverse range of buyers, with some as young as 18 and others as old as 72 applying for mortgages. While the 25-34 age group is prominent, a significant portion (39%) of buyers in 2025 were older than 35. 

• Up-and-coming neighbourhoods in the region include Paradise, Southlands, and Kenmount Terrace. Each offers varied housing options, green spaces, and proximity to schools and shopping, making them family-friendly and appealing to buyers. 

• Climate related concerns are becoming increasingly important for homebuyers and sellers. As awareness of climate change impact grows, they are likely to further influence and shape the decisions of homebuyers and sellers. 

• On a year-to-date basis, urban housing starts in the province totalled 594 units over the January to July 2025 period, an increase of 29.7 per cent (or 136 units) compared to the corresponding period in 2024.