CBC·3 min read·easy
Demand still exceeds supply as report outlines rising N.L. house prices, realtors say
✦AI Summary
A report from Royal LePage indicates that home prices in St. John's, Newfoundland and Labrador, are rising due to a persistent lack of housing inventory. While national prices remain flat, local realtors report significant demand, often resulting in homes selling well above the asking price.
The report from Royal LePage shows the aggregate home price in St. John's increased by 4.9 per cent year-over-year to $390,400 in the second quarter of 2026, and by 3.3 per cent from the first quarter of 2026.
economybusiness
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