St. John's
Newfoundland and Labrador
Statistics Canada geography code 1001519 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Average rent
$1,361
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "b".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
2%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Population trend
+3.1% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138979108) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Oil & Gas26% of local drivers
The Grand Banks offshore projects — Hibernia, Terra Nova, White Rose and Hebron — are administered, supplied and crewed from St. John's, which ties the local economy closely to the oil price.
- Government22% of local drivers
Provincial capital: the Government of Newfoundland and Labrador and the federal regional offices are concentrated here.
- Health Care16% of local drivers
The Health Sciences Centre and St. Clare’s serve the entire province from the capital.
- Education14% of local drivers
Memorial University is the province's only university and one of its largest employers.
- Transportation10% of local drivers
The Port of St. John’s and St. John’s International Airport are the province’s principal gateways.
- Construction8% of local drivers
Construction activity tracks offshore project cycles more than local population growth.
- Tourism4% of local drivers
A short, concentrated summer visitor season centred on the city and the Avalon Peninsula.
Rental market
Average rent
$1,361
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "b".
Vacancy rate
2%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $1,361 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 113,468 | observed | high | Statistics Canada |
| population | 2021 | 111,975 | observed | high | Statistics Canada |
| population | 2020 | 111,966 | observed | high | Statistics Canada |
| population | 2019 | 111,810 | observed | high | Statistics Canada |
| population | 2018 | 111,161 | observed | high | Statistics Canada |
| population | 2017 | 111,288 | observed | high | Statistics Canada |
| population | 2016 | 111,467 | observed | high | Statistics Canada |
| population | 2015 | 110,882 | observed | high | Statistics Canada |
| population | 2014 | 110,411 | observed | high | Statistics Canada |
| population | 2013 | 110,052 | observed | high | Statistics Canada |
| rent change pct | — | 7.6% | observed | high | Canada Mortgage and Housing Corporation |
| unemployment rate | 2024 | 6.9% | observed | high | Statistics Canada |
| unemployment rate | 2023 | 6% | observed | high | Statistics Canada |
| unemployment rate | 2022 | 6.7% | observed | high | Statistics Canada |
| unemployment rate | 2021 | 8.1% | observed | high | Statistics Canada |
| unemployment rate | 2020 | 10.5% | observed | high | Statistics Canada |
| unemployment rate | 2019 | 7.5% | observed | high | Statistics Canada |
| unemployment rate | 2018 | 8.4% | observed | high | Statistics Canada |
| unemployment rate | 2017 | 8.5% | observed | high | Statistics Canada |
| vacancy rate | — | 2% | observed | high | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.