Newfoundland and Labrador is “on a roll” when it comes to the housing market.
That’s according to Bill Stirling, CEO of the NL Association of Realtors, who says the province has been hitting record sales levels ever since last summer.
That’s in contrast to what’s being seen across the country; according to the Canadian Real Estate Association, home sales fell by 7.4 per cent in May.
Although Stirling notes the number of homes for sale is “getting tighter,” the province’s market is really balanced.
He says they’ve seen an uptick right across the board.
Stirling states they have seen an increase in everything from entry-level to million-dollar homes; this time two years ago they would have sold about five million-dollar homes, this year that number has doubled.