Newfoundland and Labrador Housing Market Overview – Second Quarter 2011
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Residential MLS® sales declined 10.5% to 803 compared to 2010’s second quarter sales of 897
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There were 2,145 new residential listings during the second quarter compared to 1,876 during the same period in 2010
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The 34% increase in inventory, combined with the 10.5% decline in sales, resulted in deep-rooted buyers’ market conditions during the entire second quarter
CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.
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