Mortgage affordability in St. John's
Monthly mortgage examples for St. John's, Newfoundland and Labrador, using a 5.49% province-average rate assumption.
$400,000 home
$1,963/mo
Assumes 20% down and 25-year amortization.
$600,000 home
$2,945/mo
Assumes 20% down and 25-year amortization.
$800,000 home
$3,926/mo
Assumes 20% down and 25-year amortization.
Local affordability context
The local 1-bedroom rent baseline is $1,064 and monthly essentials are about $1,553 before mortgage-specific costs such as property tax, insurance, condo fees, and utilities.