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Median house prices in Newfoundland 2018-2020

Median house prices in Newfoundland from 2018 to 2020 (in Canadian dollars)

by Jennifer Rudden, last edited Aug 9, 2019
Median house prices in Newfoundland 2018-2020 The average price for a house in Newfoundland is forecasted to be 238,400 Canadian dollars in 2020. This is a decrease from the median 2018 price of 249,200 Canadian dollars. The number of housing units sold in Newfoundland is projected to remain steady from 2018 to 2020.

Newfoundland and Labrador is the most easterly province in Canada. It’s an English-speaking province which borders French-speaking Quebec. The population of Newfoundland and Labrador has decreased since 2016, and stood most recently at 525,355 people. Its provincial capital and largest city is St. John’s. The economy of this province is heavily contingent on natural resources. The expansion of oil exportation has helped the economy grow, after it suffered during recent decades. Unfortunately, the population of Newfoundland and Labrador suffers one of the highest unemployment rates in Canada. Even though the low income rate in Newfoundland and Labrador has decreased since 2000, 15 percent of its population is still considered low income.

Housing in Newfoundland

Two person households were the most common household size in Newfoundland and Labrador. Additionally, the number of single-detached housing starts per year in Newfoundland and Labrador has significantly decreased since 2012.
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Median house prices in Newfoundland from 2018 to 2020 (in Canadian dollars)

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