A national report says the average price of a home in Canada is expected to fall by 3.7 per cent next year, but that’s not the case in Newfoundland and Labrador.

Re/Max says the average residential sale price in the St. John’s housing market going into 2026 will be ten percent more expensive than the same period in 2025 – going from $369,000 to $410,000.

The report says Newfoundland and Labrador is anticipated to be a seller’s market heading into next year due to limited housing inventory, strong demand from first-time homebuyers, and continued interest from investors in multi-unit and rental properties.

Re/Max also says Paradise, Conception Bay South and Kenmount Terrace in St. John’s are the top three neighbourhoods in the region due to a combination of lifestyle, location and housing options.