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St. John's skyline and landmark
Newfoundland and Labrador, Canada

St. John's

North America's oldest and most easterly city

Explore Newfoundland and Labrador

Market Overview

St. John's is a unique market with colourful row houses, steep hills, and a rich maritime history. The market has seen volatility tied to oil prices but offers very affordable housing. The city is known for its friendly culture, vibrant arts scene, and proximity to stunning natural landscapes.

Property Tax Information

Residential Tax Rate

0.790% of assessed value (2024)

St. John's property tax rate is moderate. Properties are assessed by the City of St. John's. Newfoundland and Labrador does not charge a land transfer tax, but does charge a deed registration fee.

  • No land transfer tax in Newfoundland and Labrador — only a small deed registration fee
  • Property tax includes residential, commercial, and water/sewer components
  • Tax bills are issued annually with payment due in two installments
  • Senior homeowners may qualify for a property tax deferral program
Estimate your property tax

Average Property Prices

Detached Home$300K – $450K
Townhouse$200K – $350K
Condo Apartment$180K – $300K

Price ranges are approximate and based on typical market values. Actual prices vary by neighborhood, condition, and market conditions.

Neighborhoods to Watch

1

Downtown

Jellybean Row houses, harbour, bars, restaurants

2

Quidi Vidi

Historic fishing village, brewery, picturesque

3

Memorial University area

Student housing, affordable, walkable

4

Mount Pearl (greater)

Suburban, family homes, affordable

5

East End

Established, family-friendly, near amenities

Investment Highlights

  • One of Canada's most affordable housing markets
  • Strong rental demand from university students
  • Oil and energy sector drives economic cycles
  • Growing tourism and remote work appeal

Schools & Education

Newfoundland and Labrador English School District serves the city. Major institutions include Memorial University of Newfoundland and College of the North Atlantic.

Transportation

Metrobus Transit operates bus networks. The city is walkable in the downtown core. St. John's International Airport serves the region. Car ownership is common.

Pros

  • Very affordable housing
  • Unique culture and history
  • Friendly community
  • Stunning natural scenery

Cons

  • Isolated location
  • Volatile economy tied to oil
  • Very foggy and wet weather
  • Limited job market

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