The sky is not falling nor are St. John’s housing prices
By Stephen Winters
(Remax Realty Specialists)
CMHC held a seminar this week discussing the outlook for Newfoundland for 2009 with regards to economy and real estate market and prices. As in most recent reports and news releases the message was the same: Newfoundland is expected to remain strong in 2009. While most of Canada and the world are in doom and gloom, somehow Newfoundland is expected to escape the mayhem. I know we are somewhat protected being on an island, but I can't see St. John's getting away virtually unscathed. Then again it's better to hear positive news then to hear the sky is falling on a daily basis. In a quote from The Telegram's article entitled "Local housing market, economy remain strong" Chris Janes was reported to say "It's still on the up and up locally in terms of our labour markets, economy, economic ...
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