Newfoundland and Labrador Housing Market: Home Prices | August 2026

The Newfoundland and Labrador Association of REALTORS publishes one monthly release for the province, reporting sales activity in St. John’s apart from the rest of Newfoundland and Labrador and giving the capital its own benchmark alongside the provincial one. These are its August 2026 figures; the Canadian housing market overview explains the measures and compares every province.

Newfoundland and Labrador home prices, August 2026

The association’s composite MLS® HPI benchmark was $358,400, a 6.8% change on twelve months earlier. Sales that month averaged $366,918 (4.0%).

Newfoundland and Labrador Association of REALTORS, August 2026; change from a year earlier.

A typical single-family home in St. John’s is benchmarked $84,200 above the provincial one. The capital’s townhouse benchmark, by contrast, sits $4,500 below the provincial townhouse figure, and townhouses gained more over the year than any other St. John’s home type. A St. John’s apartment is benchmarked $600 below the provincial apartment figure.

Sales, listings and inventory

The association counted 624 sales, -7.1% on a year earlier. The drop was steeper in St. John’s (-10.8%) than in the rest of the province (-5.7%), and single detached sales in the capital fell 21.3%.

New listings jumped 19.8% to 1,039, but the stock for sale kept shrinking: 2,847 active listings, -17.2% on the year and, the association notes, the lowest for the month in more than two decades. Its months-of-inventory figure was 4.6, down from 5.1 and well under the province’s long-run average of 7.9 months for the time of year. Measured against CREA’s national thresholds, 4.6 months is above the 3.6-month seller’s line, and sales came to 60.1% of new listings (our calculation), within the 45% to 65% balanced band. So a market that is tight by its own history reads as balanced on the national yardsticks (about these measures).

Registry fees instead of a transfer tax

Newfoundland and Labrador has no land transfer tax. The Registry of Deeds instead charges $100 plus 40 cents for each $100 of value above $500 to register a deed, and the same scale, capped at $5,000, to register a mortgage. On a home bought at the provincial average of $366,918, the deed fee is about $1,566. With the minimum down payment of $18,346 and the insurance premium added, the mortgage comes to $362,515 and registering it costs about $1,548 more. The NL fee calculator works this out for any price.

St. John’s sets its residential property tax at 9.1 mills (dollars per $1,000 of assessed value) for homes with water and sewer service, unchanged for 2026. A house assessed at the capital’s composite benchmark would owe about $3,871 a year, with the water tax billed on top.

Income needed in St. John’s and the province

The St. John’s composite benchmark takes about $98,600 of household income at minimum down (method). The St. John’s CMA’s median household income in the 2021 Census was $85,000 (for 2020), so the requirement is 16% above that median. For the provincial benchmark the figure is $83,800, against a provincial median of $71,500 (17% above). Provincial programs for first purchases are on first-time home buyers in Newfoundland, and the Newfoundland and Labrador mortgage affordability calculator runs other prices.

Related pages

• Nova Scotia housing market
• New Brunswick housing market
• Prince Edward Island housing market
• Newfoundland and Labrador rental market