“If we compare to other markets in Canada, Newfoundland remains one of the most affordable housing markets in the country,” said Chris Janes, the Senior Market Analyst with the CMHC (Canada Mortgage and Housing Corporation.
Janes also said the province is one of the Cheapest Places to Live in Canada despite both employment and income being on the rise.
The average price of a house in Corner Brook, which is certainly one of the cheapest cities to live in, has increased to $187,000 which is a bit of a jump from $162k last year but is still well below average house prices in the rest of the country especially Ontario and British Columbia. Just two years ago houses were just $130,000 here.
Read the Western Star article - Housing costs have gone up, but still affordable