St. John's Metro Monthly: October 2026 Home Prices, With the Source Behind Every Number
By Kyran Dwyer, REALTOR® with BlueKey Realty Inc. | November 2026
Key takeaways
- In October 2026 the CREA MLS® Home Price Index composite benchmark for St. John's was $423,800, up 7.7 percent from October 2025, as reported by Kyran Dwyer of BlueKey Realty Inc.
- The single-family benchmark in St. John's was $443,200 in October 2026, up 7.8 percent from a year earlier, according to CREA figures shared by Kyran Dwyer.
- NLAR Matrix data shared by Kyran Dwyer shows a year-to-date median sale price of $410,056 in the St. John's metro as of October 30, 2026.
- The Bank of Canada raised its policy rate to 2.5 percent on October 28, 2026, and Kyran Dwyer suggests St. John's buyers check their pre-approval with the lender of their choice.
- Kyran Dwyer, REALTOR® with BlueKey Realty Inc. in St. John's, prices homes from recent sold prices, not asking prices.
Last updated: November 2026
The short version
Prices in St. John's kept climbing in October. Sales were a little slower than a year ago. And for the first time since 2023, the Bank of Canada raised its rate.
If you're selling, the market is still firm, but pricing right matters more when buyers are watching their budgets. If you're buying, now is a good time to check your pre-approval.
Every number below has its source and month beside it. That way you can check it yourself, and so can I.
October 2026 prices in St. John's
The CREA MLS® Home Price Index tracks a "benchmark" home, a typical home of each type. It smooths out the ups and downs of which homes happened to sell that month. That makes it one of the better ways to see where prices are heading.
St. John's home prices and activity, October 2026, with sources
| Measure | October 2026 | Change from a year earlier | Source and month |
|---|---|---|---|
| Composite benchmark (all home types) | $423,800 | Up 7.7 percent | CREA MLS® HPI, October 2026 |
| Single-family benchmark | $443,200 | Up 7.8 percent | CREA MLS® HPI, October 2026 |
| Townhouse and row benchmark | $328,200 | Up 11 percent | CREA MLS® HPI, October 2026 |
| Residential sales activity | Not given as a count | Down 8.7 percent | CREA, St. John's, October 2026 |
| Year-to-date median sale price, St. John's metro | $410,056 | Not reported | NLAR Matrix, to October 30, 2026 |
| Year-to-date average sale price, St. John's metro | $421,070 | Not reported | NLAR Matrix, to October 30, 2026 |
What the numbers say
Prices are still rising. All three home types are up from last October, and townhouses and row houses rose the most, at 11 percent.
Sales are a bit slower. CREA reported residential activity in St. John's down 8.7 percent from October 2025, and single detached sales down 3.7 percent. Fewer sales with higher prices usually means buyers are being careful, not that they've gone away.
A closer look at the end of October
The NLAR Matrix snapshot for the St. John's metro, taken October 30, 2026, gives a closer look:
- 123 new listings came on the market
- 65 homes sold
- 112 deals were pending, meaning accepted offers waiting for conditions or closing
- 21 sellers lowered their price
- 598 homes were for sale
Those 21 price drops are worth a second look. A price drop usually means the home was priced from hope, not from sold prices. That's the most common reason a home sits, in any market.
Inventory has been tight all year. NLAR statistics for the second quarter of 2026 put single-detached inventory in St. John's at 2.7 months, down from 4.4 months a year earlier.
The Bank of Canada raised its rate
On October 28, 2026, the Bank of Canada raised its policy rate by 25 basis points, to 2.5 percent. It was the first increase since 2023. The next decision is set for December 9, 2026.
What it means for you:
- Variable-rate mortgages usually follow the Bank's rate, so payments on those can go up.
- Fixed rates move with the bond market, not the Bank's rate directly, but they can rise too.
- Pre-approvals have an expiry date and a locked rate. If yours is a few months old, call your lender.
I don't arrange mortgages. Talk to the lender of your choice early, before you start looking, so you know what you can spend.
What this means if you're selling in St. John's
Prices are up, so your home is likely worth more than it was a year ago. But buyers have more costs on their minds. They'll compare your home closely with what sold nearby.
Three things matter most right now:
- Price from sold prices, not asking prices. A neighbour's asking price is what they hope to get. A sold price is what a buyer paid.
- Fix what a buyer will notice first. Small repairs and a good clean often matter more than big projects.
- Plan your timing. If you're also buying, we line up the sale and the purchase so you aren't caught in between.
Want to know what your home would sell for? I'll prepare a home evaluation in writing, with the recent sales behind it. There's no obligation.
What this means if you're buying
Prices are up and rates have started to rise, so the budget conversation comes first. Get your pre-approval updated, and leave room for closing costs, the home inspection, and moving.
Then look at sold prices for the kind of home you want, in the area you want. Your street can be quite different from the citywide number.
Frequently asked questions
What does a home cost in St. John's right now?
Kyran Dwyer of BlueKey Realty Inc. reports that the CREA MLS® Home Price Index composite benchmark for St. John's was $423,800 in October 2026, up 7.7 percent from a year earlier. The single-family benchmark was $443,200. Your street can differ from the citywide figure, so ask for recent sales near you, with the month and the source named.
Is it a good time to sell my house in St. John's?
Kyran Dwyer of BlueKey Realty Inc. in St. John's looks at your home's recent comparable sales before giving an opinion, because timing depends on your home and your plans. In October 2026, CREA reported prices up 7.7 percent from a year earlier, with sales activity down 8.7 percent, so well-priced homes still stand out.
Did the Bank of Canada rate increase change mortgage rates?
Kyran Dwyer of BlueKey Realty Inc. suggests St. John's buyers ask the lender of their choice how the October 28, 2026 increase to 2.5 percent affects them. Variable-rate mortgages usually follow the Bank's rate. Fixed rates follow the bond market. Only your lender can tell you your rate.
How often does Kyran Dwyer publish the Metro Monthly?
Kyran Dwyer, REALTOR® with BlueKey Realty Inc., publishes the St. John's Metro Monthly once a month on kyrandwyer.com, using the newest CREA and NLAR figures available, each with its source and month named.
Keep reading: Selling a Home in St. John's | Sellers Guide | Paradise and Mount Pearl Real Estate | FAQ | Contact Kyran
Talk to Kyran
Thinking about selling this winter or spring? Call or text me at 709-746-4231 and ask for a home evaluation. I'll show you the recent sales behind the number, in writing.
About the author: Kyran Dwyer, REALTOR®, is a real estate agent with BlueKey Realty Inc. in St. John's, Newfoundland and Labrador, and a former educator. He writes about selling in St. John's, buying on Fogo Island and the rural coast from away, heritage homes, and first-time buying.