The average house in Newfoundland and Labrador currently costs $291,300. This figure reflects a recent increase in the province's real estate market.
Current Average Home Price
As of recent data, the typical price for a home in Newfoundland and Labrador is $291,300. This value represents a significant rise compared to the previous year, indicating growth within the provincial housing market.
Price Evolution
The real estate market in Newfoundland and Labrador has experienced a noticeable uptrend. The current average price of $291,300 marks a 4.0% increase from the average price recorded approximately one year prior. At that time, the average cost for a home across the province was $280,200.
This consistent increase highlights a dynamic and evolving housing landscape in the region.
Average Home Price Trends in Newfoundland & Labrador
| Period | Average Price | Change from Previous Year |
|---|---|---|
| Previous Year | $280,200 | N/A |
| Current Period | $291,300 | +4.0% |
For more detailed information on housing trends and market insights, you can explore resources from financial institutions and real estate analysis platforms like LoansCanada.ca.
