Balanced Market
Mortgage Rates in St. John's, NL
St. John's is Newfoundland's capital with a strong energy sector, Memorial University, and no provincial land transfer tax.
Avg Home Price
$330,000
Benchmark Price
$315,000
Year-Over-Year
↑ 2.8%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near St. John's
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
St. John's Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
St. John's is Newfoundland's capital with a strong energy sector, Memorial University, and no provincial land transfer tax.
Land Transfer Tax — St. John's
Newfoundland has no land transfer tax, reducing closing costs significantly.
Neighbourhoods in St. John's
Downtown St. John'sMount PearlParadiseConception Bay SouthTorbay
Frequently Asked Questions
What is the average home price in St. John's NL?
The average home price in St. John's is approximately $330,000, with no land transfer tax keeping closing costs low.
Is there a land transfer tax in St. John's?
No — Newfoundland has no land transfer tax, a significant saving compared to most other Canadian provinces.
Is St. John's real estate a good investment?
St. John's offers strong rental yields, MUN student demand, and oil sector employment. The market is smaller but fundamentals are solid.
What are the best areas near St. John's?
Paradise and Conception Bay South are popular suburban communities. Mount Pearl is established and family-friendly. Torbay offers coastal rural living.
What is St. John's economy based on?
St. John's economy is driven by offshore oil, government, Memorial University, healthcare, and a growing tech sector.
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