Newfoundland and Labrador

Residential Activity

Residential home sales activity in Newfoundland and Labrador rose in the first quarter of 2022 compared to the first quarter of 2021.

Residential property sales numbered 1,138 units in the first quarter of 2022, accelerating 12% compared to the same quarter in 2021. This was the highest number of residential sales ever recorded in a first quarter.

Single detached home sales rose by 4.4%, while sales of multi-family units were up 51.4% in the first quarter of 2022.