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January 2021 Real Estate Statistics

2021: A Great Start for the Newfoundland and Labrador Real Estate Industry!

Newfoundland and Labrador

While the number of active listings decreased in January 2021 (3,451) compared to January 2020 (2,674) - sales soared! The average home listing prices saw an increase, too! According to Canada Mortgage and Housing Corporation (CMHC) and statistics provided by the Newfoundland & Labrador Association of Realtors (NLAR).


In January 2020, we saw a total of 149 property sales, compared to January 2021, where sales nearly doubled to 254. Comparing 2020 to 2021, the average price of units increased by 5.6%:

  • January 2020, $234,805

  • January 2021, $247,846


And did we mention? Total value INCREASED by $27,967,000 in January 2021:

  • January 2020, $34,986,000

  • January 2021, $62,953,000


What do you predict for the remainder of 2021?

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