For years, real estate markets in St. John’s, and Newfoundland in general, favoured sellers and buyers with greater flexibility. Who they didn’t favour was first time homebuyers. Prices were high, and with a necessary 5% downpayment, many young people found the dream of owning a home unrealistic. The market has changed recently, and first time buyers are finally starting to see legitimate opportunities to break into the real estate market.
To learn more about this trend, click here.
Mortgage rates are down, housing prices have fallen, and a generation of young people that have found work on the island are looking to settle down. So, whether you’re looking to buy your first home or move to a new one, contact Clarke Realty to see how we can help.