Best Fixed Rate Mortgages In Newfoundland and Labrador

Newfoundland and Labrador, where the old world meets the new. This province is home to modern amenities, a vibrant cultural scene, and some cutting-edge industries and technologies. Newfoundland and Labrador offer the best of both urban and rural living. Its cities are much smaller than major cities in provinces like Ontario, Quebec, British Columbia, and Alberta, offering a relaxed and natural type of living.

With a population of only 522,875, the province is larger than many countries in land size, including New Zealand, Japan, Germany, and Great Britain. The housing market of NL is fairly stable compared to those in other provinces in the country. The average home price in this province stands at $208,388, according to the CREA August 2022 house statistics.