If you've lived in Saint John for more than a few years, you can probably remember when finding a house for less than $100,000 was easy.

Today, the average house in greater Saint John sells for just over $160,000 - a whopping 60 per cent increase since 2002. Is this cause for alarm? Hardly. Here are a couple of reasons why:

1. Average sales price nationally. Currently, the average house in Canada sells for just under $350,000, which means that an average house in Saint John can be purchased for less than half of the national average. Real estate in the greater Saint John market is an absolute bargain by comparison!

2. Increase in other major markets. The rate of growth for the average sale price in major markets across the country surpasses the average national growth rate. Houses in Calgary, Vancouver, and Toronto, for example - which sold for just over $150,000 in the year 2000 - are now selling for nearly $400,000. That's an increase of 167%!

Slower but steady and strong increases to our average sales price in greater Saint John means that although real estate here is a bargain compared to the national average, chances are better that the value of your real estate investment will continue to grow in way that is more steady and predictable.

And it also means that greater Saint John is the perfect choice for those interested in enjoying a smaller city atmosphere or rural lifestyle that includes less traffic, more nature, more family time, and the chance to own a beautiful piece of real estate without being house poor.

For more information about the Saint John real estate market, contact a professional: your friendly neighbourhood REALTOR®! Visit www.sjrealestateboard.ca to find one near you!